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Today’s Summary
Thursday, October 16, 2025
Indices: Nasdaq 100 -0.36% | S&P 500 -0.63% | Dow -0.65% | Russell 2000 -2.09%
Sectors: Tech was the only sector that closed higher, inching up +0.07%. Financials lagged, dropping -2.78%.
Commodities: Crude Oil fell -1.39% to a five-month low of $57.46 per barrel. Gold rose +0.92% to a record high of $4,201 per oz.
Currencies: The US Dollar Index dropped -0.32% to $98.35.
Crypto: Bitcoin is currently down -2.55% to $107.974. Ethereum is down -2.76% to $3,877.
Volatility: The Volatility Index spiked +22.64% to 25.30.
Interest Rates: The US 10-year Treasury yield closed below 4% for the first time in more than a year.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
🏆 Today's Chart of the Day was shared by Kevin Gordon (@KevRGordon).
- The KBW Regional Bank Index ($KRX) just logged its worst session since Liberation Day, sliding -6.7% to its lowest close in three months.
- On a relative basis, this was the worst day for Regional Banks vs. the S&P 500 since March 2023, when Silicon Valley Bank collapsed.
- Regional Banks are the largest industry group in the Russell 2000, comprising nearly 10% of the index. They're also regarded as a leading indicator for the broader market.
The Takeaway: Regional Banks suffered their worst session since April today, and their worst relative performance since March 2023, sending a risk-off message to the broader market.
Quote of the Day
"Arbitrage human nature.
It's not going to change any time soon."
- Jim O'Shaughnessy
Top Links
After October’s Volatility Peak, Market’s Best 3-Month Span Begins - Almanac Trader
Jeff Hirsch reminds us that the "best 3 months" for the S&P 500 are around the corner.
10-year Yield Below 4% is Really Good News - CNBC
Jeff Degraaf shares his outlook on interest rates and other macro trends.
The Mega-Cap Era Might Be Crackin - The Daily Number
Grant Hawkridge looks at the relative strength in Small Caps.
Fear Feeds the Rally. Thanks, Short Sellers! - TrendLabs
JC Parets shares his thoughts on sentiment and short positioning.
After the Stock Market Shock - CappTheis
Frank Cappelleri breaks down five key charts to watch in the near term.
Top Tweets
