Today's Wall Street Closing Bell recap with Peter Tuchman.

In today's episode of Wall Street Closing Bell, Peter Tuchman, the legendary New York Stock Exchange (NYSE) trader known as the "Einstein of Wall Street," breaks down everything that moved the stock market today. Peter frames the session as one of those curious but constructive days, where money moves out of one area and into another rather than lifting everything together. The Magnificent Seven (Mag 7) tech trade has broken down in his view, with compute, software, and semiconductor names losing the leadership they held for months. Attention shifts instead to the inflation picture, where the price of oil has run hard over the past three or four months well beyond the 80 level and carries obvious inflationary implications alongside the latest jobs data. The question traders keep circling is whether inflation turns sticky enough to force the Federal Reserve (Fed) back toward raising interest rates. Peter is direct on that point, saying he does not see it happening and neither does anyone he speaks with on the floor.

Today's Topics

• Rotational trading day as investors exit crowded positions and move capital elsewhere
• Magnificent Seven (Mag 7) tech trade breaks down across compute, software, and chips
• Oil's run above the 80 level over the past three to four months and what it means for inflation
• Jobs data and the inflationary implications traders are weighing
• Why Peter does not expect the Federal Reserve (Fed) to raise interest rates from here
• What Peter is watching as the week continues past midweek