Afternoon Note
Major indices took a dip earlier this morning but recovered into the green. The notable exception is the Dow Jones Industrial Average, which is being pulled lower by poor earnings out of UnitedHealth Group (UNH). Oil is also continuing to recover higher.
The Ten Year Treasury Yield (TNX) is up 3.8 basis points as it hits a critical level around the 50-day moving average of 4.32%.
The only sector slightly in the red is Health Care (XLV), led lower by UNH. Energy (XLE) is the leader and getting a boost from oil.
Magnificent Seven stocks are mostly trading lower, with Nvidia (NVDA) lagging as it is still reacting poorly to the H20 export restrictions.
Economic Data
The Philadelphia Manufacturing Index fell to -26.4 in April from 12.5 in March and below the estimates of 2. This comes as 39% of responding firms indicated lower activity.
Notable Points:
A reminder that markets will be closed tomorrow for Good Friday. Wishing everyone a great Easter or Passover.
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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 |
10/2/2025 1:34 PM | Searching for Direction |
10/2/2025 9:47 AM | A HEALTHY ROTATION |
10/1/2025 1:29 PM | Shutdown Resolve |
10/1/2025 9:45 AM | FINTECH MAKES ITS MOVE |
9/30/2025 1:47 PM | Shutdown Clock Ticks |
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