9/15 Market Recap
- 2/2 red days this week on $SPX $QQQ after a strong Friday, and new lows on SPY vs last Thu. $SPY finished -0.36%, $QQQ -0.57%, $DIA -0.58%. Small caps lagged harder with $IWM -0.93%
- Breadth mostly tracked the headline under the hood: with the equal weighted $RSP -0.49%. MAG7 mixed bag with $META $NVDA green while $AMZN $MSFT $GOOGL finishing red.
- Only 2/11 sectors finished green today, as energy $XLE roared back to life after a reversal yesterday. $MPC $COP $EOG $VLO $SM remain leading stocks in this sector at the moment
- Cybersecurity $CIBR and parts of software $IGV remained strong. $CRWD $ZS $PANW all made new highs after a very strong day yesterday. Within software, $TWLO was a standout name today. $RBRK continues to show strength
- Semis like $QCOM $DELL $AMD $ARM $INTC showed some strength early on but saw reversals later in teh session
- Crypto names mostly ugly after the Clarity bill did not pass with $IBIT -4%, $ETHA -5.5% and related names $COIN $MSTR $HOOD $CRCL $PURR all seeing selloffs in the afternoon
Big day tomorrtw with now a ~95% chance of a rate hike by the Fed. Let's see how the markets react based on what the decision is. Overall, not an easy spell in the markets, but as I have been telling my fellows traders and community - hang in there, after difficult phases in the markets, easier times will come. For now be selective and trade smaller. Once traction returns, gradually add size back.
Daily REX Market Recap
Index Focus: S&P 500, -0.07%
Equity Focus: Roblox, $RBLX, +9.64%
Recap:
US stocks were mixed as rising Treasury yields and oil-driven inflation fears pressured markets, while investors awaited Nvidia earnings and key retail reports for consumer spending insight.
Top gainers and losers*
Daily REX Market Recap
Index Focus: BITA Crypto and Digital, +3.78%
Equity Focus: Redwire, $RDW, +22.08%
Recap:
US stocks rallied as AI momentum returned. Nvidia surged on China chip approvals, lifting indexes to records while Trump and Xi opened talks on trade and AI.
Top gainers and losers*