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Todayβs Summary
Wednesday, October 22, 2025
Indices: S&P 500 -0.53% | Dow -0.71% | Nasdaq 100 -0.99% | Russell 2000 -1.45%
Sectors: 4 of the 11 sectors closed higher. Energy led, gaining +1.28%. Industrials lagged, falling -1.30%.
Commodities: Crude Oil rose +2.20% to $58.50 per barrel. Gold fell -1.06% to $4,065 per oz.
Currencies: The US Dollar Index inched lower by -0.08% to $98.90.
Crypto: Bitcoin is currently down -0.43% to $107,906. Ethereum is down -1.67% at $3,809.
Volatility: The Volatility Index rose +3.97% to 18.59.
Interest Rates: The US 10-year Treasury yield dropped to a new 52-week low of 3.953%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Aaron Jackson (@RotationReport).
- The S&P 500 has held above its 50-day moving average since May, marking the longest streak since 2011. However, roughly half its components are above their respective 50-DMAs.
- The % above the 50-DMA started diverging in July, almost immediately after the S&P 500 emerged from its V-shaped recovery. As Aaron notes, a deeper washout may be necessary before internals improve again.
- Divergences can persist for a while before they matter, and Mega-Caps can mask broad weakness within the S&P 500. But, narrowing breadth isn't a characteristic of a healthy uptrend.
The Takeaway: While the S&P 500 has consistently made new highs since July, breadth has continued to deteriorate, and a deeper washout may be necessary before the divergence resets.
Quote of the Day
"Love your stops,
not your stocks."
- Dan Zanger
Top Links
Is the S&P 500 Due for a Breather? What History Says - Scheffer's Investment Research
Rocky White examines how the S&P 500 has historically performed after going more than three months without a -3% pullback.
Just a Bit Outside - Carson Research
Ryan Detrick looks at the shift in market sentiment this year and what could be next for stocks.
The Global Bull That Wonβt Break - The Daily Number
Grant Hawkridge highlights the strength in international stocks.
Time for a Pause in Gold - Alfonso's Daily Note
Alfonso De Pablos looks at Gold versus its long-term moving average.
The Market That Continues To Defy Gravity - On The Tape Podcast
Danny Mosses and Jeff deGraaf discuss the macro trends and more.
Top Tweets
