Traders Are Worried About the SOX. Does That Mean They Are Due for a Bounce?
After a stellar run, the SOX have looked terrible recently. Is this just a pause or something worse?
Monday’s After-Hours Advancers and Decliners
After-Hours % Advancers
After-Hours % Decliners
Position: None
Earnings Dynamics Have Changed With Biggest Reports Ahead
Semiconductor weakness lifted the hyperscalers again while the market waits on the Fed.
Monday’s Closing Market Stats
Closing Volume
– NYSE volume 1% below its one-month average
– NASDAQ volume 8% below its one-month average
– VIX index: up 0.65% to 18.70
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Closing S&P 500 Heat Map
Position: None
Contributor Comment of the Day
From “Meet” Bret Jensen:
Bret Jensen
The devil is in the details dept.
LL‑2026‑03………….The reason the trouble condo market with a 14-year high inventory levels is going to get worse. This new lender rule takes effect in a week for mortgages via Fannie Mae/Freddie Mac (most of the mortgage market). Prior to new rules taking effect, if you put 20% down, the lender would review you for a mortgage. Now they will do the review on the mortgage applicant, and for any condo building with 10 units or more, will also review the health of the complex itself. This means looking at the reserves, insurance coverage, any litigation against the HOA, etc… Based on my experience in Florida, that means a lot of condos are not going to get a great light for a conventional mortgage. They will have to pay 1% to 2% higher mortgage rates outside this previously easier financing avenue. I wonder how many condo owners, let alone many real estate agents, know of these changes yet.
Position: None
VIDEO: Discussing This Week’s Portfolio Plan With the Schwab Network
We discuss earnings vs. capex comments, the Fed and single-stock futures.
Amazon Puts SpaceX, AT&T and Verizon on Notice
Plus, let’s get ready for Apple’s upgrade program that begins this week.
The CNBC Panelists and Hosts Said What? (Issue #12)
Position: None