SPX dropped 0.77% as the 10Y hit 4.667% and Materials cratered 2.38%. Energy was the only real winner — here's how I'm sitting at the close and what I'm stalking tomorrow.
Today was a yield-driven selloff and I'm grading it a C+ for my book — I was right on the macro direction but wrong on timing one position. The 10Y at 4.667% was the story. When the cost of money moves that fast, rate-sensitive sectors get demolished, and Materials (-2.38%), Financials (-1.25%), and Consumer (-1.22%) confirmed exactly that. Energy (+1.35%) was the lone bright spot, crude holding $104.42 kept XLE names bid all day.
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My small-cap day trades were light today — scanner flagged 0 qualifying setups at the threshold level, so I sat mostly on hands and that was the right call. I held through the morning volatility on my gold position and I'm not thrilled about it at $4,491, but I'm not selling into a one-day yield spike. Stop is $4,440, I mean it. BTC at $76,726 with Crypto Fear & Greed at 25 (Extreme Fear) is actually the most interesting divergence on my screen right now — stock Fear & Greed is still 61 (Greed) while crypto is screaming fear. That gap closes one of two ways. I'm not adding BTC here but I'm not trimming either. Tomorrow I'm watching the open on MLP for a momentum continuation long, and if SPX gaps below $7,300 I'm hedging with a SPY put rather than panic-selling my index allocation.