| Index | Close | % Change |
|---|
| Dow | 46270.46 | 0.44 |
| Dow Transports | 15496.82 | 1.69 |
| Dow Utilities | 1156.09 | 0.76 |
| S&P 500 | 6644.31 | -0.16 |
| Nasdaq | 22521.7 | -0.76 |
| Nasdaq 100 | 24579.32 | -0.69 |
| Russell 2000 | 2494.46 | 1.34 |
| VIX Index | 20.35 | 6.94 |
| 10 Year Gov't Yield | 4.03 | -0.22 |
| Spot Gold | 4143.33 | 0.81 |
| Spot Silver | 51.6 | -1.48 |
| GDX-Gold Miners | 78.45 | -1.16 |
| Crude Oil | 58.53 | -1.61 |
| Dollar Index | 99.04 | -0.23 |
| Euro Spot | 1.16 | 0.3 |
| Japanese 10 Year | 1.7 | 0 |
| Shanghai SE | 3865.23 | -0.62 |
| Long Bond 20-year | 118.28 | 0.29 |
|
WMT.ai
10-14-2025The wild action continued again today, with the market opening over 1% lower thanks to the Chinese upping the ante in the trade friction by banning some shipments from U.S.-Korean shipping entities. However, that dip was met with ferocious buying that saw the loss in the S&P turned into a small gain by midday. The Nasdaq followed a similar path but only managed to cut its loss to about 0.25%, and from there it rolled over to lose 0.75% (the S&P was just slightly red).
P-AI In the Sky A La Mode
It's quite possible that we are going to see plenty of back-and-forth headlines between us and China until the trade negotiations actually take place or get cancelled. So, currently we have a battle between deteriorating fundamental data (especially consumer-oriented) and intensifying speculation, particularly in the AI wannabe sector.
In the latest round of speculative silliness, Walmart managed to rally 5% because it has set up some sort of a partnership with OpenAI. It's like in the dot-com era when a company would say it was going to attach ".com" to its name and then would see its stock price sprint.
Away from stocks, gold and silver saw wild rides again, with gold up 1.5% last night and silver up a similar amount, only to see that reversed in New York trading. Gold then lost 0.5% but bounced back to gain 0.75%. Silver followed a similar path, but ended up 2% lower. The miners were lower, though Wesdome was quite strong, as Canada was closed yesterday and it was playing catch-up. (Green paper and fixed income were non-events).
Tales From Crypto
In related news, the crypto world was the house of pain once more, with Bitcoin and the garbage coins getting smashed again today.
Positions in stocks mentioned: long WDOFF.