US equities are choppy, if mostly leaning weak. The Nasdaq is notably resilient.
sp’60min
VIX’60min
Summary
Its 11am… typical turn time, with the market inclined to lean back upward.
I have to expect at least a push to near 6K… but not this side of Christmas.
Whether we can settle above 6K… is the issue.
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notable semicon: INTC
Spurious gain, for what has been a horrific year… still net lower by around -57%
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notable weakness: MSTR
Microstrategy lower with Bitcoin.
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notable retail: WMT
The biggest down day in over a year, but its still net higher for the year by around +72%. You could argue some of the ‘big money’ are just cashing out gains… tax-related selling.
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notable defence: LMT
Cooling after a rather strong Friday. M/t bullish defense stocks across 2025
As night falls… its time for lunch