Powered By:
Todayโs Summary
Tuesday, October 28, 2025
Indices: Nasdaq 100 +0.74% | Dow +0.34% | S&P 500 +0.23% | Russell 2000 -0.55%
Sectors: 3 of the 11 sectors closed higher. Technology led, gaining +0.99%. Real Estate lagged, falling -2.22%.
Commodities: Crude Oil dropped -1.89% to $60.15 per barrel. Gold fell -0.91% to $3,983 per oz.
Currencies: The US Dollar Index inched lower by -0.06% to $98.68.
Crypto: Bitcoin fell -1.03% to $112,925. Ethereum dropped -3.39% at $3,980.
Volatility: The Volatility Index rose +3.86% to 16.41.
Interest Rates: The US 10-year Treasury yield fell to 3.978%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
๐ Today's Chart of the Day was shared by Bespoke (@bespokeinvest).
- The S&P 500 rose for the fourth straight day, gaining +0.23%. However, participation was abysmal under the surface. Bespoke points out that breadth has never been weaker on a positive day (since 1990).
- The three largest stocks โ $NVDA, $AAPL, and $MSFT โ all broke out to fresh record highs today, yet roughly 80% of stocks closed lower, with 104 advancers and 398 decliners.
- Days like today have become more common as the index has grown increasingly reliant on its largest components. Weak breadth isn't ideal, but it can sometimes reflect healthy rotation, and the rally can persist as long as the Mega-Caps remain intact.
The Takeaway: The S&P 500 notched another all-time high today, but participation was extremely thin. Narrow breadth isn't ideal, but the rally can persist if Mega-Caps hold up and rotation occurs.
Quote of the Day
โIโve always loved to play games, and face it: investing is one big game. You need to be decisive, open-minded, flexible, and competitive.โ
- Stanley Druckenmiller
Top Links
Why Stocks Could Gain 20% In 2025 - Carson Research
Ryan Detrick examines the likelihood of another +20% year in the S&P 500.
Bull Market Behavior - Alfonso's Daily Note
Alfonso De Pablos interprets the message from High Beta vs. Low Volatility stocks ($SPHB/$SPLV).
October Has NOT Been Different - CappNotes
Frank Cappelleri examines the recent price action and patterns in the S&P 500.
The Rule vs. The Exception - Thompson's Two Cents
Larry Thompson looks at new highs versus new lows.
The Big Move Scoreboard Flips ๐ข - The Daily Number
Grant Hawkridge points out that there have been more 1% up days than 1% down days this year.
Top Tweets
