Afternoon Note
The broader market continues to be under pressure after a new AI model, China’s DeepSeek-R1, continues to raise questions about AI investments.
The S&P 500 broke below its 50-day moving average and support level.
Nvidia (NVDA) is taking it on the chin this afternoon, leading a sell-off across chip stocks.
The CBOE Volatility Index (VIX) is still up over 25%, but moderating from this morning’s highs.
The 10-year Treasury Yield (TNX) is down 8.2 basis points to 4.544%.
Six out of eleven sectors are in the green. Consumer Staples (XLP) and Health Care (XLV) lead the way up. Technology (XLK) is the laggard after the DeepSeek-R1 news.
New Home Sales expanded by 3.6% m/m in December, down from 9.6% m/m growth in November.
Do not panic as both issues do not change the fundamentals of the market.
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2/14/2025 1:40 PM | Exhibiting Mixed Action |
2/14/2025 9:51 AM | MAKE LOVE, NOT WAR |
2/13/2025 1:35 PM | Bouncing Back |
2/13/2025 9:54 AM | Feast or Famine Setting In |
2/12/2025 12:59 PM | CPI Reaction Overdone |
2/12/2025 9:54 AM | MARKET RESOLVE |
2/11/2025 1:05 PM | Powell Testimony in Focus |
2/11/2025 9:40 AM | MOMENTUM RULES |
2/10/2025 1:18 PM | Tech Stocks Rebound |
2/10/2025 9:54 AM | INFLATED INFLATION FEARS |
2/7/2025 1:15 PM | Inflation Uncertainty |
2/7/2025 9:41 AM | BIG REMAINS BEAUTIFUL |
2/6/2025 1:00 PM | Quiet Day |
2/6/2025 9:43 AM | BOND DIGGING DOGE |
2/5/2025 1:28 PM | Recovering |
2/5/2025 9:29 AM | RETAIL RIDES THE WAVE AND WALL STREET FROWNS |
2/4/2025 1:03 PM | Financial Media in Overtime |
2/4/2025 9:52 AM | FRIENDS MAKING NICE |
2/3/2025 1:42 PM | Market Reacting to Tariff Headlines |
2/3/2025 9:37 AM | TARIFFS ARE HERE |
1/31/2025 1:33 PM | Mag Seven is Back |
1/31/2025 9:00 AM | WINTER IS HERE |
1/30/2025 1:33 PM | Bumpy Day |
1/30/2025 9:47 AM | POWELL WALKS THIN LINE |
1/29/2025 1:24 PM | Watching for Big Tech Earnings |
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