Kevin Gordon
@KevRGordon
Head of Macro Research and Strategy, Schwab Center for Financial Research Disclosures:
419 Following 31.5K Followers
No bueno: the Atlanta Fed's sticky core CPI advanced at a 3.76% annualized rate in the three months thru October
As intense as yesterday's selloff was, only 21% of S&P 500 members made a new 1-month low
In mid-June, the Philly Semiconductor Index was up by 106.6% YTD. That gain has now been cut to 27.2%
Tom for the win
from @TheTerminal: for @KevRGordon, the VIX popped 66.92%. for your consideration.
Korean stock market erasing all gains since March.
(Past performance is no guarantee of future results)
NASDAQ 100 eclipses its Liberation Day decline to fall the most (-6.4%) since March 2020
Second worst day for the Philadelphia Semiconductor Index in history:
3/16/20: -15.9%
11/5/26: -12.2%
3/12/20: -10.9%
6/5/26: -10.3%
10/10/00: -10.1%
Retail investors on track for the largest day of selling across single stocks since the COVID drop per @VandaTrack
Market now pricing a <2/3 chance of a Fed rate hike in December
If we extend this to 1995, here is the list:
October 2020
September 2020
October 2018
August 1998 (twice)
October 1997
March 1996
In the last 10 years, the only times we've seen the S&P 500 down by more than 3% on the day, every sector was down, but the S&P 500 was up YTD:
October 2020
September 2020
October 2018
In the last 10 years, the only times we've seen the S&P 500 down by more than 3% on the day, every sector was down, but the S&P 500 was up YTD:
October 2020
September 2020
October 2018
Here is the S&P 500's current max drawdown with some historical context
Has anyone quoted the VIX move in % terms yet?
Every stock in the Dow Jones Industrial Average is down right now
If yesterday and today teach us anything, it is in fact that price determines sentiment.
And yes, we did learn that from @Chartfest1.
S&P 500 now in the red for the second half of 2026
So far, worst day of the year for the number of S&P 500 companies moving higher, which is just 70
Bad to worse: what got hit the most yesterday is getting hit the most again today (shown via decile 10).
Via Bloomberg. Past performance is no guarantee of future results
Top S&P 500 sectors year-to-date:
Energy +43.7%
Health Care +23.7%
Consumer Staples +20.8%
Materials +16.7%
Tech +12.3%
Source: Bloomberg
S&P 500 -2.2% with 265 members advancing
