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Todayβs Summary
Monday, October 20, 2025
Indices: Russell 2000 +1.95% | Nasdaq +1.30% | Dow +1.12% | S&P 500 +1.07%
Sectors: 9 of the 11 sectors closed higher. Materials led, gaining +1.19%. Consumer Staples lagged, falling -0.09%.
Commodities: Crude Oil fell -0.23% to a four-year low of $57.02 per barrel. Gold had its best day in five-years, jumping +3.47% to a record high of $4,359 per oz.
Currencies: The US Dollar Index inched higher by +0.05% to $98.54.
Crypto: Bitcoin is currently up +1.81% to $110,656. Ethereum is flat at $3,982.
Volatility: The Volatility Index slid -12.18% to 18.24.
Interest Rates: The US 10-year Treasury yield dropped to 3.982%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by @Optuma.
- Technology ($XLK) is once again the best-performing sector YTD, taking back its crown from the Utilities sector today.
- Optuma notes that Tech vs. the S&P 500 ($XLK/$SPX) has returned to its dot-com bubble peak, completing a 25-year base. The ratio already broke out on a monthly timeframe in June, although it hasn't been confirmed on a daily or weekly timeframe yet.
- A decisive breakout would be bode well for the S&P 500, but with Tech already commanding 35% of the index, leadership and concentration risk are becoming indistinguishable.
The Takeaway: Tech is testing its dot-com bubble peak relative to the S&P 500 ($XLK/$SPX). After a 25-year recovery, a breakout would further cement Tech's leadership while boosting the S&P 500.
Quote of the Day
"Become more humble as the market goes your way."
- Bernard Baruch
Top Links
An Apple a Day - Don's Dividends
Donovan Jackson highlights the breakout in Apple ($AAPL).
Breadth Has Five Days to Prove It - The Daily Number
Grant Hawkridge starts the clock on a potential breadth thrust.
Late-October Volatility Playbook: What the VIX, KRE, MAGS, and Gold Are Telling Us - StockCharts
Mike Zaccardi examines some of the current trends and themes within the market.
S&P 500 and Gold Volatility Traits - Bespoke
Bespoke compares Gold and the S&P 500 in terms of volatility.
Top Tweets
