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Journalism is expected to race in the $2 million Grade 1 Belmont Stakes race on Saturday, June 7.

The 3-year-old colt is coming off a victory as the odds-on favorite in the Preakness Stakes race on May 17, working his way from along the rail and in the middle of the pack to break free after the final turn and overcoming some bumping from other competitors.

Michael W. McCarthy, Journalism’s trainer, praised the horse by telling the New York Racing Association that ‘he’s a wonderful mover. He gets over the ground very well. He’s got an incredible stride to him.’

Journalism finished the Preakness with a time of 1 minute, 55.47 seconds at Pimlico in Baltimore, Maryland.

The Preakness winner will go against a field that features Sovereignty, the Kentucky Derby winner. Journalism finished in second place in the Kentucky Derby on May 3.

Journalism will be the only horse among the Belmont field that’s competed in all three Triple Crown races. Sovereignty did not compete in the Preakness.

When will the Belmont Stake post position draws be announced?

The Belmont Stakes post position draws will be held on Monday at 5 p.m. ET.

Journalism wins the Preakness Stakes

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Over the past five sessions, the Indian equity markets headed nowhere and continued consolidating in a defined range. In the previous weekly note, it was categorically expected that the markets might stay devoid of any directional bias unless they either take out the upper edge or violate the lower edge of the consolidation zone. In line with the analysis, the Nifty oscillated in a 401.90-point range over the past five days. The volatility also retraced; the India Vix came off by 6.95% to 16.08 on a weekly basis. While staying absolutely range-bound, the headline index Nifty 50 closed with a minor weekly loss of 102.45 points (-0.41%).

As we step into the new week, the markets find themselves in a defined trading range, more toward the edge of the pattern support on the weekly chart. The Nifty appears to continue being in a well-defined trading range between 25100 and 24500 levels. This also implies that a directional trend would emerge only if the Nifty takes out 25100 convincingly or ends up violating the 24500 level. Unless either of these two things happens, the markets will remain devoid of directional bias and will continue staying in this defined range. The present technical structure makes it even more important to maintain a steadfast focus on protecting profits at higher levels and the rotation of sectors where a likely leadership change is visible.

The coming week is expected to see the levels of 25000 and 25175 acting as resistance points. The supports come in at 24500 and 24380 levels.

The weekly RSI is at 59.02; it stays neutral and does not show any divergence against the price. The weekly MACD is bullish and remains above its signal line.

The pattern analysis shows that after forming the most recent swing high at 25116, the Nifty has resisted this level for two subsequent weeks. This makes the level of 25100-25150 an important hurdle for the Nifty. Secondly, the Index has closed just at the support of an upward rising trendline; if this gets violated, the markets may see some more corrective retracement. Overall, the zone of 24500-24600 remains a crucial support area for the markets.

While the Nifty stays in the 25100-24500 zone and consolidates, focusing on protecting profits at higher levels would be wise. While the market keeps its underlying trend intact, it continues to remain prone to some extended corrective retracement until the levels of 25100 are taken out on the upside convincingly. During this phase, it makes more sense to keep leveraged exposures at modest levels and stay highly selective in making fresh purchases. While limiting the purchases to favorably rotating sectors, a cautious outlook is recommended for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against the CNX500 (NIFTY 500 Index), representing over 95% of the free-float market cap of all the listed stocks. 

Relative Rotation Graphs (RRG) show that the Nifty PSU Bank Index is the only Index inside the leading quadrant that continues to improve its relative momentum against the broader markets. The other sectors present inside the leading quadrant are PSE, Infrastructure, Consumption, and FMCG, and these groups show continued paring of relative momentum against the broader markets.

The Nifty Commodities and the Nifty Bank Index have rolled inside the weakening quadrant. The Financial Services and the Services sector Indices are also inside the weakening quadrant.

The Nifty Metal Index has rolled inside the lagging quadrant. It is likely to relatively underperform along with the Pharma Index which also continues to languish inside this quadrant. The IT Index is also inside the lagging quadrant, but is seen sharply improving its relative momentum against the broader markets.

The Realty, Media, Energy, Midcap 100, and Auto Indices are inside the improving quadrant. They are likely to continue improving their relative performance against the broader Nifty 500 Index.


Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

The gold price saw peaks and troughs this week.

After rising to almost US$3,350 per ounce on Monday (May 26), the yellow metal took a dive, dropping just below the US$3,260 level on May 28 (Wednesday). It was back on the rise the next day, hitting US$3,324.

Trade tensions were in focus throughout the period.

Concerns lessened early in the week, when US President Donald Trump said he would delay raising tariffs on the EU, but uncertainty ratcheted back up on Wednesday (May 28), when an American trade court issued a ruling that blocked most of his tariffs put in place by his administration.

“It is not for unelected judges to decide how to properly address a national emergency” — Kush Desai, White House spokesperson

The decision prompted a flurry of activity and backlash from Trump and his supporters, with a federal appeals court ultimately reinstating the tariffs on May 29 (Thursday).

The turmoil was beneficial for gold, as was news that the US economy shrank by 0.2 percent annually in Q1. The GDP estimate is the second of three from the Bureau of Economic Analysis, and comes in lower than the first calculation of a 0.3 percent contraction.

Bullet briefing — Glencore restructures, Anglo completes spinoff

Glencore restructuring move sparks M&A talk

Commodities giant Glencore (LSE:GLEN,OTC Pink:GLCNF) has quietly moved billions worth of global coal and ferroalloys assets into an Australian subsidiary.

The Australian Financial Review was the first to report the news, and it’s already sparked speculation about renewed M&A talks between Glencore and Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO). The two major companies reportedly engaged in discussions last year, but in the end did not move forward.

With this restructuring from Glencore and Rio Tinto’s CEO due to step down later this year, market watchers see potential for a deal to be done.

Anglo American spins off Valterra Platinum

Anglo American (LSE:AAL,OTCQX:AAUKF) made headlines elsewhere this week as the firm finished demerging its platinum-group metals unit, Valterra Platinum (JSE:VAL).

Valterra, formerly Anglo American Platinum, began trading on the Johannesburg Stock Exchange on May 28, and will have a secondary listing in London as of June 2.

Anglo made the decision to spin off Valterra after heading off a US$49 billion takeover bid from BHP (ASX:BHP,NYSE:BHP,LSE:BHP) last year. The company embarked on a restructuring plan that will see it hone in on copper and iron ore.

Interestingly, Valterra’s debut comes alongside a platinum price boost. The metal recently broke out to its highest level in about two years, nearly reaching US$1,100 per ounce.

Edward Sterck of the World Platinum Investment Council believes it’s too soon to tell whether the rise is sustainable, but he does see a ‘perfect storm’ brewing for platinum.

Here’s how he explained it:

I think platinum’s fundamentals are just highly attractive at the moment. You’ve got really constrained supply, you’ve got demand that is actually beginning to show some real signs of growth, driven principally by an inflection in jewelry demand and by ongoing growth in investment demand.

And so given those things are resulting in these really significant deficits — this is the third year of almost a million ounces of deficit out of an 8 million ounce market — those are just rapidly depleting those aboveground stocks … this has all generally come together as a perfect storm. We are seeing that tightness in the market, and I feel quietly optimistic that we’re going to see that long-awaited price response come through.

Watch the full interview for a more in-depth look at supply and demand dynamics for platinum.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The NASCAR Cup Series made its debut at the Nashville Superspeedway in 2021 after the circuit didn’t come through the city for nearly 40 years, and the venue has quickly entrenched itself as a compelling annual stop again.

NASCAR returns to the Nashville, Tennessee area for the fifth-straight year with the Cracker Barrel 400 scheduled for Sunday night. The stakes keep growing now that the 2025 NASCAR season is officially past its halfway point and the standings remain mostly bunched together with only 12 races remaining before the playoffs begin. After an exciting Coca-Cola 600 in which Ross Chastain surged past William Byron late for his first win of 2025, the brief history of the Cracker Barrel 400 suggests more action is on the way.

Last year’s race at Nashville Superspeedway featured a record number of overtime restarts and 31 extra laps. Joey Logano emerged as the winner and it eventually led to his third series championship last fall. Chastain won the 2023 NASCAR race in Nashville and Kyle Larson, after attempting to race in both the Indy 500 and Coca-Cola 600 last week, is the only driver in the Cracker Barrel 400 field with top-10 finishes in all four previous NASCAR Cup Series races at Nashville Superspeedway.

Here’s all the information you need to get ready for Sunday’s race:

What time does the NASCAR Cracker Barrel 400 start?

The Cracker Barrel 400 is scheduled to start at 7 p.m. ET Sunday at Nashville Superspeedway in Lebanon, Tennessee.

What TV channel is the NASCAR Cracker Barrel 400 on?

There is no national television broadcast for Sunday’s race. Amazon Prime Video is streaming the 2025 Cracker Barrel 400, the second of five consecutive NASCAR Cup Series races on the app.

Will there be a live stream of the Cracker Barrel 400?

The race can be live streamed on Amazon Prime Video.

How many laps is the Cracker Barrel 400?

NASCAR’s only race at Nashville Superspeedway this season will feature 300 laps around the 1.33-mile track, which works out to about 399 miles total. The race will be broken into three stages — Stage 1: 90 laps; Stage 2: 95 laps; Stage 3: 115 laps.

Who won the Cracker Barrel 400 last year?

Joey Logano got his first win of the 2024 season and secured a spot in the NASCAR Cup Series playoffs after a record five overtime restarts at NASCAR’s Nashville race, which was called the Ally 400 last year.

What is the lineup for the NASCAR Cracker Barrel 400?

(Car number in parentheses)

  1. (19) Chase Briscoe, Toyota
  2. (11) Denny Hamlin, Toyota
  3. (24) William Byron, Chevrolet
  4. (45) Tyler Reddick, Toyota
  5. (1) Ross Chastain, Chevrolet
  6. (6) Brad Keselowski, Ford
  7. (20) Christopher Bell, Toyota
  8. (71) Michael McDowell, Chevrolet
  9. (22) Joey Logano, Ford
  10. (17) Chris Buescher, Ford
  11. (9) Chase Elliott, Chevrolet
  12. (23) Bubba Wallace, Toyota
  13. (47) Ricky Stenhouse Jr., Chevrolet
  14. (43) Erik Jones, Toyota
  15. (12) Ryan Blaney, Ford
  16. (2) Austin Cindric, Ford
  17. (16) AJ Allmendinger, Chevrolet
  18. (7) Justin Haley, Chevrolet
  19. (60) Ryan Preece, Ford
  20. (21) Josh Berry, Ford
  21. (3) Austin Dillon, Chevrolet
  22. (54) Ty Gibbs, Toyota
  23. (88) Shane Van Gisbergen, Chevrolet
  24. (48) Alex Bowman, Chevrolet
  25. (8) Kyle Busch, Chevrolet
  26. (77) Carson Hocevar, Chevrolet
  27. (38) Zane Smith, Ford
  28. (5) Kyle Larson, Chevrolet
  29. (41) Cole Custer, Ford
  30. (4) Noah Gragson, Ford
  31. (10) Ty Dillon, Chevrolet
  32. (99) Daniel Suarez, Chevrolet
  33. (67) Corey Heim, Toyota
  34. (51) Cody Ware, Ford
  35. (34) Todd Gilliland, Ford
  36. (42) John Hunter Nemechek, Toyota
  37. (35) Riley Herbst, Toyota
  38. (44) JJ Yeley, Chevrolet
  39. (66) Chad Finchum, Ford
This post appeared first on USA TODAY

Indiana Pacers forward Pascal Siakam has another trophy for his mantle The Larry Bird Trophy.

Siakam was named the Eastern Conference Finals MVP after the Pacers downed the New York Knicks, 125-108, in Indianapolis on Saturday to clinch the series 4-2 and punch their ticket to the NBA Finals for the first time since 2000.

‘Shout out Indy, man. It’s been such an amazing experience for me so far from the first day I landed here. The love has been amazing,’ Siakam said after winning the award, which was presented by Pacers Hall of Famer Reggie Miller. ‘After a bad Game 5, I wanted to bounce back. I have 100% belief in my teammates. Whenever we are down, we always find a way and we did that tonight.’

After being held to 15 points in the Pacers’ Game 5 loss, Siakam dropped a game-high 31 points in Saturday’s win, shooting 10-of-18 from the field, 3-of-5 from three and 8-of-11 from the free throw line. He also added 5 rebounds, three assists, three blocks and one steal. Through six games in the Eastern Conference Finals against the Knicks, Siakam averaged 23.6 points, 5.0 rebounds and 3.6 assists.

GAME 6 HIGHLIGHTS: Indiana earns first NBA Finals bid since 2000 with win over Knicks

‘Our two stars, Tyrese Haliburton and Pascal Siakam, put our team on their backs and just decided that we were not going to lose this game today,’ Pacers head coach Rick Carlisle said postgame.

Haliburton finished the night with 21 points, 13 assists and six rebounds. He averaged 21.0 points, 10.5 assists and 6.0 rebounds through six games in the Eastern Conference Finals.

The Pacers advance to face the Oklahoma City Thunder in the NBA Finals, which tips off with Game 1 on Thursday.

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LAFC has secured the last ticket to the big dance, rallying to defeat Club América, 2-1, in a FIFA Club World Cup playoff that required extra time at BMO Stadium in Los Angeles.

Former LAFC attacker Brian Rodríguez had given América a 64th-minute lead from a VAR-assisted penalty kick, and the Liga MX powers seemed to have done just enough to claim a win that will be worth nearly $10 million at a minimum.

However, Igor Jesus’ 89th-minute header leveled the scored, saving LAFC, and in extra time Denis Bouanga — the club’s most important player in recent years — added to his legend by firing home the winner in the 115th minute.

The win sends LAFC into the Club World Cup, where they will join English giant Chelsea, Tunisian club Esperance Sportive de Tunis, and Flamengo, arguably the most well-supported club in Brazil.

Why was there a Club World Cup playoff between LAFC and Club América?

LAFC and Club América were in a playoff due to a convoluted series of events that could only happen when you get Concacaf and FIFA together to sort out a new tournament format.

Initially, the last four winners of the Concacaf Champions Cup — Monterrey, the Seattle Sounders, Club León, and Pachuca — were set to take places in the Club World Cup. However, Club León and Pachuca share owners, something FIFA said cannot be permitted at the Club World Cup. FIFA eventually decided that León was disqualified, and announced a playoff between LAFC (the team León defeated in the 2023 Concacaf Champions Cup) and Club América (the top-ranked Concacaf team in FIFA’s rankings for Club World Cup purposes).

León, Pachuca, and Costa Rican club Alajuelense all appealed, with Alajuelense arguing that as Central America’s top-ranked team, they should be admitted, but all were rejected. That leaves the final spot in Group D up for grabs, with Saturday’s winner claiming the place.

When is the 2025 FIFA Club World Cup?

  • Group Stage: June 14-June 26
  • Round of 16: June 28-July 1
  • Quarterfinals: July 4-5
  • Semifinals: July 8-9
  • Finals: July 13

What teams are in FIFA Club World Cup?

There are 32 teams in the 2025 FIFA Club World Cup that have been separated into eight groups of four for the round-robin group stage in June. Here’s how the field breaks down

Group A

  • Al Ahly FC (Egypt)
  • FC Porto (Portugal)
  • SE Palmeiras (Brazil)
  • Inter Miami (United States)

Group B

  • Paris Saint-Germain (France)
  • Atlético de Madrid (Spain)
  • Botafogo (Brazil)
  • Seattle Sounders FC (United States)

Group C

  • FC Bayern München (Germany)
  • Auckland City FC (New Zealand)
  • CA Boca Juniors (Argentina)
  • SL Benfica (Portugal)

Group D

  • Espérance Sportive de Tunis (Tunisia)
  • CR Flamengo (Brazil)
  • Chelsea FC (England)
  • LAFC (United States)

Group E

  • CA River Plate (Argentina)
  • Urawa Red Diamonds (Japan)
  • CF Monterrey (Mexico)
  • Inter Milan (Italy)

Group F

  • Fluminense FC (Brazil)
  • Borussia Dortmund (Germany)
  • Ulsan HD (South Korea)
  • Mamelodi Sundowns FC (South Africa)

Group G

  • Manchester City (England)
  • Wydad AC (Morocco)
  • Al Ain FC (United Arab Emirates)
  • Juventus FC (Italy)

Group H

  • Real Madrid (Spain)
  • Al Hilal (Saudi Arabia)
  • CF Pachuca (Mexico)
  • FC Salzburg (Austria)

How to watch FIFA World Cup 2025: TV, streaming options

Every match during the 2025 FIFA World Cup will be live streamed for free on DAZN.com, which is the exclusive global broadcaster of the event.

FIFA Club World Cup 2025 match schedule

GROUP STAGE

Saturday, June 14

  • Group A: Al Ahly vs. Inter Miami, 8 p.m. ET (Miami)

Sunday, June 15

  • Group C: Bayern Munich vs. Auckland City, 12 p.m. ET (Cincinnati)
  • Group B: Paris Saint-Germain vs. Atlético Madrid, 3 p.m. ET (Pasadena, California)
  • Group A: SE Palmeiras vs. FC Porto, 6 p.m. ET (East Rutherford, New Jersey)
  • Group B: Botafogo vs. Seattle Sounders, 10 p.m. ET (Seattle)

Monday, June 16

  • Group D: Chelsea vs. LAFC, 3 p.m. ET (Atlanta)
  • Group C: Boca Juniors vs. Benfica, 6 p.m. ET (Miami)
  • Group D: Flamengo vs. Espérance de Tunis, 9 p.m. ET (Philadelphia)

Tuesday, June 17

  • Group F: Fluminense vs. Borussia Dortmund, 12 p.m. ET (East Rutherford, New Jersey)
  • Group E: River Plate vs. Urawa Red Diamonds, 3 p.m. ET (Seattle)
  • Group F: Ulsan HD vs. Mamelodi Sundowns, 6 p.m. ET (Orlando, Florida)
  • Group E: Monterrey vs. Inter Milan, 9 p.m. ET (Pasadena, California)

Wednesday, June 18

  • Group G: Manchester City vs. Wydad AC, 12 p.m. ET (Philadelphia)
  • Group H: Real Madrid vs. Al Hilal, 3 p.m. ET (Miami)
  • Group H: Pachuca vs. FC Salzburg, 6 p.m. ET (Cincinnati)
  • Group G: Al Ain vs. Juventus, 9 p.m. (Washington, D.C.)

Thursday, June 19

  • Group A: Palmeiras vs. Al Ahly, 12 p.m. ET, (East Rutherford, New Jersey)
  • Group A: Inter Miami vs. Porto, 3 p.m. ET, (Atlanta)
  • Group B: Seattle Sounders vs. Atlético Madrid, 6 p.m. ET (Seattle)
  • Group B: Paris Saint-Germain vs. Botafogo, 9 p.m. ET (Pasadena, California)

Friday, June 20

  • Group C: Benfica vs. Auckland City, 12 p.m. ET (Orlando, Florida)
  • Group D: Flamengo vs. Chelsea, 2 p.m. ET (Philadelphia)
  • Group D: LAFC vs. Espérance de Tunis, 6 p.m. ET (Nashville, Tennessee)
  • Group C: Bayern Munich vs. Boca Juniors, 9 p.m. ET (Miami)

Saturday, June 21

  • Group F: Mamelodi Sundowns vs. Borussia Dortmund, 12 p.m. ET (Cincinnati)
  • Group E: Inter Milan vs. Urawa Red Diamonds, 3 p.m. ET (Seattle)
  • Group F: Fluminense vs. Ulsan HD, 6 p.m. ET (East Rutherford, New Jersey)
  • Group E: River Plate vs. Monterrey, 9 p.m. ET (Pasadena, California)

Sunday, June 22

  • Group G: Juventus vs. Wydad AC, 12 p.m. ET (Philadelphia)
  • Group H: Real Madrid vs. Pachuca, 3 p.m. ET (Charlotte, North Carolina)
  • Group H: FC Salzburg vs. Al Hilal, 6 p.m. ET (Washington, D.C.)
  • Group G: Manchester City vs. Al Ain, 9 p.m. ET (Atlanta)

Monday, June 23

  • Group B: Atlético Madrid vs. Botafogo, 3 p.m. ET (Pasadena, California)
  • Group B: Seattle Sounders vs. Paris Saint-Germain, 3 p.m. ET (Seattle)
  • Group A: Inter Miami vs. Palmeiras, 9 p.m. ET (Miami)
  • Group A: Porto vs. Al Ahly, 9 p.m. ET (East Rutherford, New Jersey)

Tuesday, June 24

  • Group C: Benfica vs. Bayern Munich, 3 p.m. ET (Charlotte)
  • Group C: Auckland City vs. Boca Juniors, 3 p.m. ET (Nashville)
  • Group D: Espérance de Tunis vs. Chelsea, 9 p.m. ET (Philadelphia)
  • Group D: LAFC vs. Flamengo, 9 p.m. ET (Orlando)

Wednesday, June 25

  • Group F: Borussia Dortmund vs. Ulsan HD, 3 p.m. ET (Cincinnati)
  • Group F: Mamelodi Sundowns vs. Fluminense, 3 p.m. ET (Miami)
  • Group E: Inter Milan vs. River Plate, 9 p.m. ET (Seattle)
  • Group E: Urawa Red Diamonds vs. Monterrey, 9 p.m. ET (Pasadena)

Thursday, June 26

  • Group G: Wydad AC vs. Al Ain, 3 p.m. ET (Washington)
  • Group G: Juventus vs. Manchester City, 3 p.m. ET (Orlando)
  • Group H: Al Hilal vs. Pachuca, 9 p.m. ET (Nashville)
  • Group H: FC Salzburg vs. Real Madrid, 9 p.m. ET (Philadelphia)

FIFA Club World Cup Round of 16

Saturday, June 28

  • Match 49: Winners of Group A vs. Group B runner-up (Philadelphia)
  • Match 50: Winners of Group C vs. Group D runner-up (Charlotte)

Sunday, June 29

  • Match 51: Winners of Group B vs. Group A runner-up (Atlanta)
  • Match 52: Winners of Group D vs. Group C runner-up (Miami)

Monday, June 30

  • Match 53: Winners of Group E vs. Group F runner-up (Charlotte)
  • Match 54: Winners of Group G vs. Group H runner-up (Orlando)

Tuesday, July 1

  • Match 55: Winners of Group F vs. Group E runner-up (Atlanta)
  • Match 56: Winners of Group H vs. Group G runner-up (Miami)

FIFA Club World Cup Quarterfinals

Friday, July 4

  • Match 57: Winners of Match 49 vs. Winners of Match 50 (Philadelphia)
  • Match 58: Winners of Match 53 vs. Winners of Match 54 (Orlando)

Saturday, July 5

  • Match 59: Winners of Match 51 vs. Winners of Match 52 (Atlanta)
  • Match 60: Winners of Match 55 vs. Winners of Match 56 (East Rutherford)

FIFA Club World Cup Semifinals

Tuesday, July 8

  • Match 61: Winners of Match 57 vs. Winners of Match 58 (East Rutherford)

Wednesday, July 9

  • Match 62: Winners of Match 59 vs. Winners of Match 60 (East Rutherford)

FIFA Club World Cup Final

Sunday, July 13

  • Match 63: Winners of Match 61 vs. Winners of Match 62 (East Rutherford)

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The Indiana Pacers are hosting the New York Knicks in Game 6 of the Eastern Conference finals on Saturday, and many stars are in attendance, including WNBA player Caitlin Clark of the Indiana Fever.

The Fever guard was in the crowd to witness what she has described as the ‘greatest comeback team’ she has seen. Her admiration for the Pacers’ relentless spirit was evident as they rallied four times to come back and win in this year’s playoffs.

Clark has expressed how it feels to be in Indianapolis as a WNBA player and during the Pacers’ NBA playoff run, saying it is fun to be a part of it.

‘It’s great being in Indianapolis right now,’ Clark told ESPN. ‘People are loving basketball. It’s always been a basketball state. It’s just fun to be a part of.’

Clark was seated alongside teammates Aliyah Boston and Lexie Hull.

When do Caitlin Clark and the Fever play next?

The Fever will host the Washington Mystics on Tuesday, June 3, at 7 p.m. ET. The game will be broadcast on NBA TV, WNBA League Pass, MeTV (Indianapolis), Monumental Sports Network (Washington)

Indiana lost to the Connecticut Sun on Friday in Indianapolis. Clark did not play due to a left quad strain.

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The Eastern Conference finals shifted back to Indianapolis for Game 6 on Saturday after the New York Knicks staved off elimination and defeated the Indiana Pacers in Game 5 at home. However, the Knicks were unable to avoid elimination in Game 6, despite the many famous faces in the crowd attempting to will New York to a Game 7.

The Pacers defeated the Knicks, 125-108, in Game 6 to clinch the Eastern Conference finals series, 4-2. Indiana advances to its first NBA Finals since 2000, and will face the Oklahoma City Thunder for the league championship.

A contingent of Knicks superfans also made the journey from New York to Indiana for Game 4, when the Pacers took a 3-1 series lead over the New York on Tuesday. To add insult to injury, Knicks fans Timothée Chalamet, Spike Lee and Ben Stiller received a less than warm welcome at Gainbridge Fieldhouse. ESPN personality and former Indianapolis Colts punter Pat McAfee gave the trio an expletive-filled lashing and encouraged Indiana fans to boo the stars. Hall of Fame singer-songwriter John Mellencamp was not a fan. (More on that below).

Did Lee, Stiller and Chalamet travel to Indiana again? Did Caitlin Clark show up at Gainbridge Fieldhouse? We got you covered. USA TODAY Sports tracked all the celebrities at Game 6 in Indianapolis:

Shop Indiana Pacers NBA Finals gear

Celebrities at Pacers game tonight

Game 6 of the Eastern Conference finals brought out a variety of celebrities, ranging from former Knicks and Pacers players (Walt ‘Clyde’ Frazier and Jalen Rose) to comedians (Mike Epps), actors (Timothée Chalamet) and world-class athletes (Caitlin Clark, Aliyah Boston, Anthony Richardson and Reggie Wayne).

Caitlin Clark celebrates Haliburton 3

Tyrese Haliburton took a page out of Caitlin Clark’s playbook. As the Pacers led 36-33 with 7:48 remaining in the first half, a wide-open Haliburton pulled up from beyond the arc without hesitation and nailed a 28-foot three pointer to take a six-point lead over the Knicks. No one was more excited than Clark, who pulled out Jalen Brunson’s signature three-point celebration in response to the stellar play.

‘Supporting the squad’: Caitlin Clark, Aliyah Boston courtside

Indiana Fever teammates Caitlin Clark, Aliyah Boston and Lexie Hull are in the building. Fresh off the Fever’s 95-93 loss to the Connecticut Sun on Friday, Clark, Boston and Hull returned to Gainbridge Fieldhouse to cheer on their NBA counterparts for Game 6. The Fever are simply returning the favor. Tyrese Haliburton and the Pacers attended the Fever’s opening night win over the Chicago Sky on May 17. The Fever are home for the weekend ahead of Tuesday’s matchup against the Washington Mystics. Clark is nursing a left quad strain and will not play on Tuesday as she’s expected to be sidelined for at least two weeks.

Timothée Chalamet returns to Indiana with Kylie Jenner

Chalamet is not going to let a little heckling from Pat McAfee chase him away from Gainbridge Fieldhouse. The longtime Knicks fan returned to Indianapolis on Saturday and the Oscar nominated actor was accompanied by girlfriend Kylie Jenner for Game 6. The A-list couple have attended several NBA playoff games together this year, including Game 5 of the Eastern Conference Finals on Thursday and Game 4 of the 2025 Eastern Conference semifinals between the Knicks and Boston Celtics.

Reggie Miller gets standing ovation

The Pacers fans gave Hall of Famer Reggie Miller his flowers during Game 6. The Pacers legend, who serves as the TV analyst for TNT’s broadcast, got a standing ovation during a break from game play. The five-time NBA All-Star played his entire 18 year career in Indiana and led the Pacers to three consecutive Eastern Conference Finals and the 2000 NBA Finals.

Colts quarterback Anthony Richardson in the house

Indianapolis Colts quarterback Anthony Richardson is enjoying the NFL offseason. He was shown on the arena’s Jumbotron proudly repping a Haliburton jersey and helped hype up the crowd during a timeout. Richardson was drafted out of Florida by Indianapolis with the fourth overall pick of the 2023 NFL Draft. He completed 126 of 264 passes for 1,814 yards, eight touchdowns and 12 interceptions in 11 games (all starts) last season.

Pat McAfee wears ‘overrate that’ shirt for Game 6

ESPN personality and former Indianapolis Colts punter Pat McAfee is back at Gainbridge Fieldhouse to cheer on his home team. McAfee opted for a suite for Game 6, compared to his courtside appearance that ruffled some feathers in Game 4. McAfee donned a t-shirt that read, ‘Overrate that,’ referring to Tyrese Haliburton being voted the most overrated player in the league in an anonymous player poll by The Athletic last month.

McAfee is not the only former Colts player in the building. Super Bowl champion Reggie Wayne, who played for the Colts from 2001–2014, posed for a photo at halftime with Reggie Miller and Jalen Rose.

Jalen Rose gets round of applause from Pacers fans

Jalen Rose got a warm welcome at Gainbridge Fieldhouse. Rose played for the Pacers from 1996–2002 and led Indiana to three consecutive Eastern Conference Finals and the 2000 NBA Finals alongside Reggie Miller.

Comedian Mike Epps spotted

Comedian Mike Epps is repping for the Pacers courtside. Epps was born and raised in Indianapolis.

What time is Pacers vs. Knicks today?

The Indiana Pacers will host the New York Knicks in Game 6 of the Eastern Conference Finals at Gainbridge Fieldhouse in Indianapolis. The game is scheduled for 8 p.m. ET.

How to watch Indiana Pacers vs. New York Knicks

  • Time: 8 p.m. ET
  • Location: Gainbridge Fieldhouse (Indianapolis)
  • TV: TNT, truTV
  • Stream: Sling TV, Max

Watch Knicks vs. Pacers Game 6 on Sling

John Mellencamp not happy with Pat McAfee

Rock and Roll Hall of Fame singer-songwriter and Indiana native John Mellencamp was not a fan of McAfee’s rant.

“I was embarrassed when somebody, under whose direction I don’t know, called out some of the people who had made the trip from New York to support their team — and in turn, support our team,’ Mellencamp wrote on X (formerly Twitter). ‘The audience booed these people. I’d say that was not Hoosier Hospitality. One could only say it’s poor, poor sportsmanship. I was not proud to be a Hoosier, and I’ve lived here my entire life.’

Knicks legend Clyde Fraizer in the building

The champ is here. Walt ‘Clyde’ Frazier, who led the Knicks to two titles in 1970 and 1973, the franchise’s only NBA titles to date, is in attendance at Gainbridge Fieldhouse. The 80-year-old Hall of Famer serves as the Knicks’ television analyst on MSG Networks, alongside Hall of Fame play-by-play announcer Mike Breen.

“I’ve been relishing and living vicariously through these guys,’ Fraizer said ahead of the game.

What celebrities attended Knicks-Pacers Game 5?

Game 5 of the Eastern Conference finals brought out a variety of celebrities to Madison Square Garden, ranging from Knicks legends (Patrick Ewing, Walt ‘Clyde’ Frazier and Bill Bradley) to comedians (Tracy Morgan), actors (Timothée Chalamet, Susie Essman, Ben Stiller, Mariska Hargitay and Spike Lee), musicians (Shaboozey, Idina Menzel and Joey Badass) and world-class athletes (Michael Strahan, Kevin Love and Henrik Lundqvist).

Check out the full star-studded Game 5 lineup here.

Obi Toppin gets assist from young fan

Obi Toppin is getting loose ahead of Game 6. He did so with an assist from a young fan.

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There’s no denying that the equity markets have taken on a decisively different look and feel in recent weeks.  We’ve compared the charts of the S&P 500 and Nasdaq 100, as well as leading growth stocks like Nvidia, to an airplane experiencing a “power-on stall”.  Basically, the primary uptrend has been paused, but it’s unclear whether we’ll resume the uptrend after a brief corrective period.

I stand by my previous comments that the 200-day moving average, as well as the price gap formed in early May, remains the most important “line in the sand” for this market.  And as long as the S&P 500 and other leading names remain above their 200-day moving averages, then equities are still in decent shape.

One of the key features of this market off the early April has been the dominance of traditionally “offensive” sectors such as technology and consumer discretionary.  But are these leading sectors maintaining their leadership role as we progress through the spring months into the summer?

Leading Sectors Off the April Low Starting to Falter

My Market Misbehavior LIVE ChartList includes a series of relative strength charts showing the performance of key sectors versus the S&P 500.  When these lines are trending higher, the sector is outperforming the benchmark.  Generally speaking, I’d prefer to own stocks where the relative strength line is trending higher, as that confirms I’m doing better than a passive investment strategy!

Only three sectors have outperformed the S&P 500 index over the last month: technology, industrials, and consumer discretionary.  Notice how two of those sectors, technology and consumer discretionary, are seeing a downturn in relative strength over the last week?  It still may be early to declare a full leadership rotation, but this initial downturn in the relative performance could be a sign of further weakness to come.

Defensive Sectors Showing Early Signs of Strength

So if these leadership sectors are starting to slow down, which sectors are showing an improving relative strength?  Our next chart shows the relative performance of the four traditionally defensive sectors, most of which have turned higher over the last two weeks. 

Again, I’d hesitate to declare this a full and confirmed rotation, but the fact that defensive sectors are improving here suggests investors are beginning to reallocate a bit to more risk-off positions.  Over the next few weeks, improvement in these defensive sectors could provide a clear validation to a “market in correction” thesis.

Relative Rotation Graphs Confirm Defensive Rotation

Of course, when we’re talking about sector rotation, I always want to bring up the Relative Rotation Graphs (RRG) and benefit from Julius de Kempenaer’s innovative data visualization approach.  First, let’s see how the daily RRG showed the 11 S&P 500 sectors back in early May.

We can see that the Leading quadrant includes those leading sectors such as technology.  In the Lagging quadrant we’ll find pretty much everything else, including all four of the defensive sectors discussed above.  Now let’s fast forward to the current RRG and see how things have rotated.

Now you’ll find health care, consumer staples, and other defensive sectors in the Improving quadrant.  Technology, industrials, and consumer discretionary have now rotated down into the Weakening quadrant.  So the RRG is showing at least an initial rotation away from the sectors that have been leading off the April market low.

One of the most important arguments from the bulls has been the dominance of offensive sectors over the last six weeks.  But as we’ve shown here today, the sector may be changing from a clearly bullish reading to a much more defensive warning sign for investors.

RR#6,

Dave

PS- Don’t miss our daily market recap show on YouTube every trading day at 5:00pm ET!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

marketmisbehavior.com

https://www.youtube.com/c/MarketMisbehavior

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice.  The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.  

The author does not have a position in mentioned securities at the time of publication.    Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.