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October 23, 2025 at 1:45 p.m. EST
Yesterday, was another choppy session with equities giving up early gains amidst more China related headlines. The S&P 500 was down >1% at the lows before bouncing back in the final 90 minutes of trade to end down around 0.5%. The big story of the day was the continued momentum unwind. The Russell 2k fell 1.5% with small cap growth stocks falling over 2%. As has been the case since the sharp selloff on 10/10 there has been no downside follow through. Equities are bouncing back modestly today, the 9th consecutive session, completely within that day’s range.
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