Afternoon Note
It’s been a very lackluster session with the Nasdaq dropping like a lead balloon and the S&P trying to gain traction but coming up short for now.
It does feel like there is no sense of urgency for buyers to step up.
A lot of red on the screen, but the safest haven sector (Utilities (XLU) and Health Care (XLV) are the least bad performer.
Sharp decline in Consumer Sentiment, which came in well below consensus, as energy prices increased, and a potential government shutdown is on the horizon. Inflation expectations improved modestly, though.
Univ. of Michigan |
Actual |
Consensus |
July |
Sentiment |
67.7 |
69.0 |
69.5 |
Current Conditions |
69.8 |
74.8 |
75.7 |
Expectations |
66.3 |
65.00 |
65.5 |
1 Yr. Inflation |
3.1% |
3.5% |
3.5% |
5-10 Yr. Inflation |
2.7% |
3.0% |
3.0% |
Have a great weekend.
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10/17/2025 1:43 PM | Friday Zig Zag |
10/17/2025 9:51 AM | They Warned Us About Everything Else |
10/16/2025 1:33 PM | Another Intraday Reversal |
10/16/2025 9:30 AM | ENCOURAGING BUT NEED MORE |
10/15/2025 1:23 PM | Intraday Weakness |
10/15/2025 9:53 AM | STRONG “DOWN” DAY |
10/14/2025 1:27 PM | Intraday Recovery |
10/14/2025 9:45 AM | HO, HO, HO |
10/13/2025 1:42 PM | Fears Eased |
10/13/2025 9:49 AM | ROUGH BUT NOT HELLISH |
10/10/2025 1:48 PM | Chinese Trade Negotiations Reignite |
10/10/2025 10:05 AM | BIRTHDAY BREAK |
10/9/2025 1:25 PM | Shutdown Continues |
10/9/2025 9:53 AM | DOOM PORN DOESN’T DISTRACT INVESTORS |
10/8/2025 1:14 PM | FOMC Minutes in Focus |
10/8/2025 9:45 AM | DIFFERENT TYPES OF BOTTOM FISHING |
10/7/2025 1:34 PM | Taking a Breather |
10/7/2025 9:55 AM | LOTS OF CHASING BUT SOME BOTTOM FISHING TOO |
10/6/2025 1:36 PM | AMD deal powers Semiconductors |
10/6/2025 9:42 AM | ROTATION HAS BEGUN |
10/3/2025 1:30 PM | Midday Air Pocket |
10/3/2025 9:33 AM | MUSCLE MEMORY & AI FRENZY |
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10/2/2025 9:47 AM | A HEALTHY ROTATION |
10/1/2025 1:29 PM | Shutdown Resolve |
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