📊 Monday U.S. Stock Rebound Recap + Tonight’s CPI Preview
Sentiment is a little less tense than during the selloff, but the mainstream view on Twitter is still “oversold bounce / dead cat.” Many are waiting for tonight’s CPI, so optimism isn’t widespread.
📈 Monday 11/9 close
• S&P 500 about +2.4%｜Nasdaq about +2.7%｜Dow about +2.2%
• VIX down about 22%, retreating to ~19.9
• Amid the broad rally, NVDA was a major drag at about −4.3%; “chips up, Jensen down” was all over the feed
• AMD about +13%, AVGO about +9%, SOXX about +7%+
🔥 SOXL (3x semiconductor ETF)
From an intraday low of about $40.6 on 11/5 → closed at $56.23 on 11/9, up about 38%
Up about 22% on Monday alone. Still sharply below its late-October high (about $107–108); 3x leverage amplified the underlying semiconductor rebound.
😱 Twitter sentiment
“Relief rally” is the main narrative; the cautious camp remains vocal: dead cat, wait for CPI, don’t trust the first bounce. The investigation into NVDA’s board remains a sentiment black hole.
📅 Tonight’s CPI (08:30 U.S. Eastern / about 21:30 Shanghai time) · October data
Previous reading (September): headline +0.6% m/m / +3.7% y/y; core +0.3% m/m / +2.6% y/y
Forecast: headline about +0.3% m/m; core about +0.2% m/m
Special note: The shutdown last year left missing data for the same period, so the BLS will not publish official year-over-year figures; estimates from institutions put headline inflation at about 3.8%–4% y/y and core at about 2.7%–2.8%. The market is really focused on core m/m—at 0.2% or softer, that would be reassuring; at 0.3%, more hawkish.
In a nutshell: Relief in sentiment doesn’t mean a full recovery; SOXL’s rebound is sharp, while NVDA remains a drag. Tonight, watch core CPI m/m.
⚠️ The above is only a recap of market action and public sentiment and does not constitute investment advice. DYOR.
Sentiment is a little less tense than during the selloff, but the mainstream view on Twitter is still “oversold bounce / dead cat.” Many are waiting for tonight’s CPI, so optimism isn’t widespread.
📈 Monday 11/9 close
• S&P 500 about +2.4%｜Nasdaq about +2.7%｜Dow about +2.2%
• VIX down about 22%, retreating to ~19.9
• Amid the broad rally, NVDA was a major drag at about −4.3%; “chips up, Jensen down” was all over the feed
• AMD about +13%, AVGO about +9%, SOXX about +7%+
🔥 SOXL (3x semiconductor ETF)
From an intraday low of about $40.6 on 11/5 → closed at $56.23 on 11/9, up about 38%
Up about 22% on Monday alone. Still sharply below its late-October high (about $107–108); 3x leverage amplified the underlying semiconductor rebound.
😱 Twitter sentiment
“Relief rally” is the main narrative; the cautious camp remains vocal: dead cat, wait for CPI, don’t trust the first bounce. The investigation into NVDA’s board remains a sentiment black hole.
📅 Tonight’s CPI (08:30 U.S. Eastern / about 21:30 Shanghai time) · October data
Previous reading (September): headline +0.6% m/m / +3.7% y/y; core +0.3% m/m / +2.6% y/y
Forecast: headline about +0.3% m/m; core about +0.2% m/m
Special note: The shutdown last year left missing data for the same period, so the BLS will not publish official year-over-year figures; estimates from institutions put headline inflation at about 3.8%–4% y/y and core at about 2.7%–2.8%. The market is really focused on core m/m—at 0.2% or softer, that would be reassuring; at 0.3%, more hawkish.
In a nutshell: Relief in sentiment doesn’t mean a full recovery; SOXL’s rebound is sharp, while NVDA remains a drag. Tonight, watch core CPI m/m.
⚠️ The above is only a recap of market action and public sentiment and does not constitute investment advice. DYOR.