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Market Pulse: Daily Insights on Financial Trends and Corporate Performance

Don Selkin, Newbridge Chief Market Strategist, has contributed to CNBC for 40+ years

Don Selkin, the innovator behind the "Fair Value" numbers, has been a trusted contributor to CNBC and its predecessor for over 40 years, consistently providing these numbers daily without fail. He has also supplied the fair value for Nasdaq 100 futures since 1996 and Dow Jones stock index futures since 1997. Quoted in prominent publications such as Bloomberg News, New York Post, Reuters, and The New York Times, Selkin's insights are highly regarded in the financial industry. His Fair Value numbers are featured in the U.S. Futures Report on CNBC every day before the market opens, with "Newbridge Securities" as the source. Additionally, Newbridge Securities offers in-depth access to Selkin's financial market views to its professionals, their clients, and the public.

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Latest Insights

Daily Market Notes - July 10, 2025

A rally in big tech stocks led the broader market to a higher close yesterday, lifting the Nasdaq to an all-time high and helping the market regain most of its losses from earlier in the week.

Donald Selkin, Chief Market Strategist

July 10, 2025

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5 min read

Daily Market Notes - July 9, 2025

The market ended mixed to lower yesterday as the Trump administration pressed its campaign to win more favorable trade deals with nations around the globe by leaning into tariffs on goods coming into the U.S.

Donald Selkin, Chief Market Strategist

July 9, 2025

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5 min read

Daily Market Notes - July 8, 2025

How many times did I warn that the low level of the VIX on last Thursday’s record close put stocks into danger of getting sold off and this is exactly what happened yesterday to start the new week. In addition, we also got the President stepping up pressure on major trading partners to make deals before punishing tariffs imposed by the U.S. take effect.

Donald Selkin, Chief Market Strategist

July 8, 2025

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5 min read

Daily Market Notes - July 7, 2025

U.S. stocks climbed further into records on Thursday after a report showed the U.S. job market looks stronger than expected.

Donald Selkin, Chief Market Strategist

July 7, 2025

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5 min read

Daily Market Notes - July 3, 2025

We saw the first half of the year end with the following items – a trade war, a real war with bombs dropped in the Middle East, plus a barrage of insults hurled by the president of the United States at the head of the Federal Reserve.

Donald Selkin, Chief Market Strategist

July 3, 2025

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5 min read

Daily Market Notes - July 2, 2025

The first day of trading for the second half of the year looked like a return to the 1980’s as the old-time stocks that have done the worst this year – pharmaceuticals, retailers, casinos, builders and the rest of the weak items – all of a sudden caught fire and did well with the result that the Dow ended a strong day with a 400 point advance to 44,495 which left it within 1% of its all-time high. This was due to gains in AMGN, AXP, HD, HON, MCD, MRK, NKE, UNH and even AAPL which is starting to show pulse from low levels. It has now been higher for four straight days and seven out of the last eight.

Donald Selkin, Chief Market Strategist

July 2, 2025

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5 min read

Daily Market Notes - July 1, 2025

So what else is new, as the market ended the first half of the year with another strong showing with the S&P and Nasdaq continuing to push into further record closes as the market closed out a second straight winning month.

Donald Selkin, Chief Market Strategist

July 1, 2025

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5 min read

Daily Market Notes - June 30, 2025

Despite an afternoon dip into negative territory, the higher market then resumed its upside run to get the S&P and Nasdaq to new record high closes on Friday. This was another milestone in the market’s remarkable recovery from a springtime plunge caused by fears that the Trump administration’s trade policies could harm the economy.

Donald Selkin, Chief Market Strategist

June 30, 2025

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5 min read

Daily Market Notes - June 27, 2025

The market underwent another astounding upside day yesterday after cooling off a bit the day before, as the S&P rose to the edge of another record and the Nasdaq 100 did in fact achieve its best level ever.

Donald Selkin, Chief Market Strategist

June 27, 2025

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5 min read

Daily Market Notes - June 26, 2025

After two powerful upside days, the market took a deep breath after a nominally higher start and ended mixed, but still within range of record highs.

Donald Selkin, Chief Market Strategist

June 26, 2025

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5 min read

Daily Market Notes - June 25, 2025

After Monday’s spectacular gains, the market basically repeated the same very strong upside yesterday with even better advances once again after oil prices eased further on hopes that Israel’s war with Iran will not damage the global flow of crude.

Donald Selkin, Chief Market Strategist

June 25, 2025

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5 min read

Daily Market Notes - June 24, 2025

In an astounding upside session, the market rallied very strongly after the various stock index futures got sold off sharply on Sunday evening after the U.S. bombed some Iranian nuclear sites on Saturday night.

Donald Selkin, Chief Market Strategist

June 24, 2025

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5 min read

Daily Market Notes - June 23, 2025

The market did on Friday the same thing that it did the previous trading day which was on Wednesday, namely start very higher and then ended mostly lower, such as the Dow getting to an early 260 point gain but slipped to a final 35 point close to 42,206 led by AAPL of all things in addition to financials such as AXP, GS and JPM.

Donald Selkin, Chief Market Strategist

June 23, 2025

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5 min read

Daily Market Notes - June 20, 2025

The highly anticipated, but no surprise at the results, finished with the market selling off from its best earlier levels and ending narrowly mixed. The Federal Reserve eventually said that it may cut interest rates twice this year, though it is far from certain about that.

Donald Selkin, Chief Market Strategist

June 20, 2025

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5 min read

Daily Market Notes - June 18, 2025

After a nice start to the week on Monday, stocks yesterday slumped under the weight of another jump for the price of oil. It was a return to form for financial markets after worries about Israel’s fighting with Iran had seemed to calm a bit the previous day.

Donald Selkin, Chief Market Strategist

June 18, 2025

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5 min read

Daily Market Notes - June 17, 2025

After Friday’s downside disaster, the market resumed its winning ways yesterday, as prices fell and the Dow gained 317 points to 42,515 led by advances in xxxxxxxx. The S&P gained 56 to 6033 as the following groups did well.

Donald Selkin, Chief Market Strategist

June 17, 2025

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5 min read

Daily Market Notes - June 16, 2025

How many times have I mentioned that the VIX was too low in the 16/17 area for stocks to continue to proceed higher, and this is what we saw during Friday’s downside disaster, as the concern was that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.

Donald Selkin, Chief Market Strategist

June 16, 2025

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5 min read

Daily Market Notes - June 13, 2025

The market did better yesterday on another better inflation report, which was the May P.P.I. which showed a nominal gain of 0.1% and 2.6% year over year and for the core rate excluding food and energy it also gained 0.1% and 2.7% for the year. Weekly jobless claims stayed around the same of 248,000.

Donald Selkin, Chief Market Strategist

June 13, 2025

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5 min read

Daily Market Notes - June 12, 2025

After a strong start with the Dow, S&P and the Nasdaq higher by 250, 21 and 85 points, things took a sharp downward turn after the Commerce Department Secretary made his usual hard to believe comments about how great the recently concluded U.S.-China meetings were and about how many “deals” that other countries were begging the U.S. to take as only one vague one with the U.K. is on the radar.

Donald Selkin, Chief Market Strategist

June 12, 2025

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5 min read

Daily Market Notes - June 11, 2025

The market continued to move higher yesterday, continuing its recent bullish streak as investors continued to hear what will come of trade talks between the United States and China.

Donald Selkin, Chief Market Strategist

June 11, 2025

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5 min read

Daily Market Notes - June 10, 2025

In a narrow session market by small changes in the major indices, things generally moved higher against a background as the world’s two largest economies began talks on trade that could help avoid a recession.

Donald Selkin, Chief Market Strategist

June 10, 2025

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5 min read

Daily Market Notes - June 9, 2025

Once again ignoring the completely misguided estimates from A.D.P. which came in at only 37,000 yet the financial media went with this as some sort of accurate reporting, the market did very nicely on Friday with the Dow up by 443 to 42,762 led by AAPL for a change, plus AXP, CRM, CVX, GS, JPM and UNH.

Donald Selkin, Chief Market Strategist

June 9, 2025

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5 min read

Daily Market Notes - June 6, 2025

I had been saying for days now, that how could the market keep doing so well with no tariff agreements in sight despite the administration’s promises that they would be rolling in, which they have not been.

Donald Selkin, Chief Market Strategist

June 6, 2025

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5 min read

Daily Market Notes - June 5, 2025

The market ran out of steam late yesterday, as the Dow went negative and the S&P fell back to unchanged after being higher for most of the day.

Donald Selkin, Chief Market Strategist

June 5, 2025

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5 min read

Daily Market Notes - June 4, 2025

For the second straight day this week, the market once again started lower by 119 and then pushed higher and higher into the close as the Dow rose for the fourth straight session with a 214 point gain to 42,519 led by NVDA at a new high plus MSFT and IBM.

Donald Selkin, Chief Market Strategist

June 4, 2025

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5 min read

Daily Market Notes - June 3, 2025

After a very weak opening again, the market turned around nicely to the upside and ended with additional gains to start the month of June, which follows a very strong month of May, which began when things were down in the dumps.

Donald Selkin, Chief Market Strategist

June 3, 2025

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5 min read

Daily Market Notes - June 2, 2025

The market closed the week with a relatively quiet day, although there was huge intraday volatility from mid-day until the close.

Donald Selkin, Chief Market Strategist

June 2, 2025

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5 min read

Daily Market Notes - May 30, 2025

A huge rally for stocks that began in Asia on Thursday evening with the Dow stock index futures up by 600 points, the S&P was ahead by 90 and the Nasdaq up by 400 lost steam after sweeping into Europe and the United States amid uncertainty about what will happen next after a U.S. court blocked many of the many of the President’s sweeping tariffs.

Donald Selkin, Chief Market Strategist

May 30, 2025

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5 min read

Daily Market Notes - May 29, 2025

After a huge higher day on Tuesday to start the week, things cooled off yesterday on some profit-taking after the rally.

Donald Selkin, Chief Market Strategist

May 29, 2025

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5 min read

Daily Market Notes - May 28, 2025

After the worst weekly showing since early April last week, the market’s roller-coaster ride created by the President’s trade policies, exploded back upward yesterday, this time because of a delay in his tariffs on the European Union.

Donald Selkin, Chief Market Strategist

May 28, 2025

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5 min read

Daily Market Notes - May 27, 2025

The market fell Friday after President Donald Trump threatened 50% tariffs on the European Union that could begin in a little more than a week.

Donald Selkin, Chief Market Strategist

May 27, 2025

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5 min read

Daily Market Notes - May 22, 2025

After Tuesday’s loss following a six-day winning streak, the market got absolutely destroyed yesterday under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government’s spiraling debt in addition to other negative concerns.

Donald Selkin, Chief Market Strategist

May 22, 2025

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5 min read

Daily Market Notes - May 21, 2025

After a rally of seven days, the market finally fell under the weight of this tremendous turnaround from a rally based on low prices to nearly all the way back to its best levels set earlier this year.

Donald Selkin, Chief Market Strategist

May 21, 2025

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5 min read

Daily Market Notes - May 20, 2025

To start the new week, the market rose after a very weak start despite the U.S. losing its last AAA credit rating on Friday. Since the U.S. and China made a deal to temporarily roll back tariffs last week, the market has been moving up strongly.

Donald Selkin, Chief Market Strategist

May 20, 2025

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5 min read

Daily Market Notes - May 19, 2025

In a repeat performance from the day before, the market roared to a strong finish on Friday, with the consumer issues taking the leadership once again and the traditional technology favorites taking the day off for the second time in a row.

Donald Selkin, Chief Market Strategist

May 19, 2025

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5 min read

Daily Market Notes - May 16, 2025

The market continued drifting mainly upward, with the stocks that have done the best recently, mainly the high-flying technology leaders taking the day off and those stocks that tend to lag when the former do better, taking the upward spotlight.

Donald Selkin, Chief Market Strategist

May 16, 2025

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5 min read

Daily Market Notes - May 15, 2025

After the first two days of strong upside moves by the S&P and Nasdaq to start the week, things yesterday continued on the same pattern as the Dow was weighed down by weakness in its traditional choppy issues while the other two indices kept moving higher mainly based on the newfound, ongoing strength in technology which everyone hated a few weeks ago.

Donald Selkin, Chief Market Strategist

May 15, 2025

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5 min read

Daily Market Notes - May 14, 2025

Following Monday’s upside explosion to start the week, the market did very well again yesterday, except for the Dow being distorted which knocked off around 400 points of that index just by itself. Otherwise, things were fine.

Donald Selkin, Chief Market Strategist

May 14, 2025

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5 min read

Daily Market Notes - May 13, 2025

The market underwent a huge rally to start the new week after China and the United States announced a 90-day truce in their trade war. Each of the world’s two largest economies agreed to take down temporarily most of its tariffs against the other, which economists had warned could start a recession and create shortages on U.S. store shelves.

Donald Selkin, Chief Market Strategist

May 13, 2025

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5 min read

Daily Market Notes - May 12, 2025

The market gave up early gains on Friday and drifted to end lower, and this late drift prevented the market from adding to the prior two week’s gains. And it was actually the first week in seven where the S&P moved by less than 1.5% after worrying about fears about the President’s trade war and hopes that he’ll relent on some of his tariffs.

Donald Selkin, Chief Market Strategist

May 12, 2025

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5 min read

Daily Market Notes - May 9, 2025

The market rose yesterday after the United States and United Kingdom announced a deal on trade that would lower some tariffs between the two countries, the first of what investors hope will be enough agreements to keep a recession from hitting the economy.

Donald Selkin, Chief Market Strategist

May 9, 2025

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5 min read

Daily Market Notes - May 8, 2025

The market ended slightly higher on what turned out to be a very choppy day of trading, which took place right near the end of the day, as what usually happens on these Fed sessions.

Donald Selkin, Chief Market Strategist

May 8, 2025

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5 min read

Daily Market Notes - May 7, 2025

U.S. stocks closed lower Tuesday as quarterly results show more companies are tempering their forecasts for upcoming profits because of uncertainty created by the President’s tariffs.

Donald Selkin, Chief Market Strategist

May 7, 2025

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5 min read

Daily Market Notes - May 6, 2025

I had said that the market looked a little tired during the Monday morning meeting, and sure enough it did as it broke a nine-day winning streak.

Donald Selkin, Chief Market Strategist

May 6, 2025

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5 min read

Daily Market Notes - May 5, 2025

Equities extended their gains to a ninth straight day Friday, marking the longest winning streak since 2004 and reclaiming the ground it lost since the President escalated his trade war in early April.

Donald Selkin, Chief Market Strategist

May 5, 2025

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5 min read

Daily Market Notes - May 2, 2025

For the eighth straight session, the major averages moved higher for the first time since August, as Dow component MSFT plus META after the big tech companies reported profits for the start of the year that were even bigger than analysts expected.

Donald Selkin, Chief Market Strategist

May 2, 2025

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5 min read

Daily Market Notes - May 1, 2025

In another astounding session to end the wild month of April, the market reversed an awful start once again to finish mostly higher in one of the more bizarre very late panic moves.

Donald Selkin, Chief Market Strategist

May 1, 2025

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5 min read

Daily Market Notes - April 30, 2025

On the next to last day of the fourth month of the year, the market started mostly lower and then put in another positive intraday performance to end higher for the sixth straight session.

Donald Selkin, Chief Market Strategist

April 30, 2025

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5 min read

Daily Market Notes - April 29, 2025

In another very volatile intraday situation, the major indices went all over the place in both directions before ending mostly nominally higher.

Donald Selkin, Chief Market Strategist

April 29, 2025

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5 min read

Daily Market Notes - April 28, 2025

The past four very strong higher days after a disastrous start to the week seemed like a replay of the earlier days of the rally before things came apart, in the sense that the formerly loved big tech stocks led the way once again, even as the rest of the market did not do so well.

Donald Selkin, Chief Market Strategist

April 28, 2025

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5 min read

Daily Market Notes - April 25, 2025

The latest market rally kept going strongly for the third straight session yesterday as better-than-expected profits for U.S. companies piled up, though C.E.O’s said that they are unsure whether it will last because of uncertainty created by President Trump’s trade war.

Donald Selkin, Chief Market Strategist

April 25, 2025

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5 min read

Daily Market Notes - April 24, 2025

U.S. stocks mostly rose yesterday after the President appeared to back off his criticism of the Federal Reserve and his tough talk about this trade war. He is finally learning that his prior antagonistic rhetoric toward these two items has resulted in steep market meltdowns up until Monday when he finally started to ease back.

Donald Selkin, Chief Market Strategist

April 24, 2025

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5 min read

Daily Market Notes - April 23, 2025

After the market ended at the worst April performance since 1932, perhaps the President learned that it was not a good idea to attack the Federal Reserve Chair in such a way. In remarks to reporters on Tuesday, he walked back his previous statements that had fueled speculation about Powell's job security and helped to contribute to the latest stock market downturn.

Donald Selkin, Chief Market Strategist

April 23, 2025

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5 min read

Daily Market Notes - April 22, 2025

In another downside disaster, at least the market opened lower and just kept dropping until a small rally near the end of the session made the final closes not as bad as they were at the 3:30pm lows. But in any event, it was another distressing disaster as the S&P closed with a 16% decline from its record high two months ago.

Donald Selkin, Chief Market Strategist

April 22, 2025

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5 min read

Daily Market Notes - April 21, 2025

In one of the strangest days in the indices themselves, most of the market did better in terms of breadth numbers, but the worst drop for UNH in a quarter of a century kept the Dow lower while the S&P, Russell 2000 Index of small stocks and the NDX 100 ended with nominal gains.

Donald Selkin, Chief Market Strategist

April 21, 2025

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5 min read

Daily Market Notes - April 17, 2025

In one of the worst days this year, the market originally got blasted to the downside based on the situation with former market leader NVDA downside disaster. Then Fed Chair Jerome Powell put the finishing downside disaster on things with his comments later in the day. The only positive thing was that the market was able to cut back on some losses later in the day.

Donald Selkin, Chief Market Strategist

April 17, 2025

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5 min read

Daily Market Notes - April 16, 2025

U.S. stocks drifted Tuesday through a rare quiet day for financial markets, although once again they could not hold onto modest intraday rallies.

Donald Selkin, Chief Market Strategist

April 16, 2025

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5 min read

Daily Market Notes - April 15, 2025

The market gained for the second day in a row for the Dow since March 25 and for the same amount for the S&P and Nasdaq since April 2, but both finished well of their best intraday highs.

Donald Selkin, Chief Market Strategist

April 15, 2025

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5 min read

Daily Market Notes - April 14, 2025

In another astounding session, the second one last week, the market started out lower and then ended with an upside world wind to finish the week higher after all of the downside misery that investors have seen lately.

Donald Selkin, Chief Market Strategist

April 14, 2025

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5 min read

Daily Market Notes - April 11, 2025

Well, what did you expect, as one day after the President’s “buy” recommendation a few hours before he then announced a pause to many of his tariffs worldwide to most countries sent the market higher by records in some cases, the market then turned around and pushed things sharply lower yesterday. This large drop probably means that investors still believe that his trade war continues to threaten the U.S. economy.

Donald Selkin, Chief Market Strategist

April 11, 2025

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5 min read

Daily Market Notes - April 10, 2025

Well, how do you like that, as after one of the worst weeks in market history, stocks soared to one of their best days in history after President Trump said he would back off on most of his tariffs temporarily, as investors had so desperately hoped he would.

Donald Selkin, Chief Market Strategist

April 10, 2025

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5 min read

Daily Market Notes - April 9, 2025

After the market yesterday went through one of the most revolting downside reversals ever, things got even worse last night and early this morning as investors girded for President Trump's massive tariffs on key US trading partners to take full effect starting Wednesday

Donald Selkin, Chief Market Strategist

April 9, 2025

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5 min read

Daily Market Notes - April 8, 2025

The market yesterday swung through one of the most volatile days ever om both directions before ending mainly lower after President Trump threatened to move his tariffs higher, despite a stunning display showing how dearly investors want him to do the opposite.

Donald Selkin, Chief Market Strategist

April 8, 2025

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5 min read

Daily Market Notes - April 7, 2025

As I said the day before, Friday’s historic downside disaster proved once again that my observation about the market’s reaction to the latest Trump tariff program was certainly a “Liberation Day” in the sense that the market certainly “liberated” investor money from investor’s pockets.

Donald Selkin, Chief Market Strategist

April 7, 2025

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5 min read

Daily Market Notes - April 4, 2025

I had said yesterday that let us hope that the new Trump tariffs would not bring about bring about he had called “Liberation Day” would not “Liberate” investor money from themselves, but at least for one day this was an incorrect assumption as the market underwent a historic day of massive downside crashes.

Donald Selkin, Chief Market Strategist

April 4, 2025

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5 min read

Daily Market Notes - April 3, 2025

Once again, the market made a tremendous upside turnaround after a sharply lower start, but the mood on turned sour after President Trump unveiled sweeping new tariffs against nearly all U.S. trading partners, an action that could drastically remake the global economy.

Donald Selkin, Chief Market Strategist

April 3, 2025

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5 min read

Daily Market Notes - April 2, 2025

In another wildly volatile session, the market did what it had done the day before, namely to swing back and forth between negative, positive, then negative again and finally a late rally to end mainly on the upside, with uncertainty still high about just what the President will announce about tariffs on his “Liberation Day” to be announced right after the market closes at 4pm.

Donald Selkin, Chief Market Strategist

April 2, 2025

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5 min read

Daily Market Notes - April 1, 2025

In one of the truly most astounding days of the many we have seen recently, the major indices turned huge opening losses into solid gains as things got better as the day moved ahead. The gains were so astounding that from bottom to top, the moves were as huge as we have seen in quite a while.

Donald Selkin, Chief Market Strategist

April 1, 2025

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5 min read

Daily Market Notes - March 31, 2025

Another awful session ended the week on Friday as a potentially bad mix of worsening inflation and a slowing U.S. economy because of households afraid to spend due to the global trade war put the S&P down by 2% for one of its worst days in the last two years. It ended lower for the fifth week in the last six after experiencing what had been a big gain to start the week.

Donald Selkin, Chief Market Strategist

March 31, 2025

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5 min read

Daily Market Notes - March 28, 2025

The recent negativity continued yesterday as the major indices ended lower after a late attempt failed as there were moves in opposite directions as the President’s latest tariff escalation created winners and losers among the auto stocks.

Donald Selkin, Chief Market Strategist

March 28, 2025

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5 min read

Daily Market Notes - March 27, 2025

After two higher days in this overall negative market, the chickens came home to roost yesterday as once again, large declines overtook the former high technology leaders once again and this dragged the entire market lower as the Dow tried to stay positive for much of the morning.

Donald Selkin, Chief Market Strategist

March 27, 2025

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5 min read

Daily Market Notes - March 26, 2025

The market stayed in a narrow range yesterday but with a late push to the upside once again after roaring the day before on hopes that the President’s tariffs may not be as sweeping as earlier feared.

Donald Selkin, Chief Market Strategist

March 26, 2025

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5 min read

Daily Market Notes - March 25, 2025

After that very late in the day comeback on Friday which broke the four-week losing streak for both the S&P and Nasdaq, things really took off to the upside yesterday with tremendous gains for all of the indices which has now cut their yearly losses by a great amount.

Donald Selkin, Chief Market Strategist

March 25, 2025

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5 min read

Daily Market Notes - March 24, 2025

The market on Friday was able to turn a very weak start into a late rally to actually end slightly positive for the day, and much of the volatile action had to do with the quarterly options expiration that occurred on the third Friday of March, and this activity will take place three other times this year with no guarantee that the results will be the same.

Donald Selkin, Chief Market Strategist

March 24, 2025

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5 min read

Daily Market Notes - March 21, 2025

After starting out sharply lower and then making strong intraday rallies off of their lows, the market faded out once again in the afternoon, reminding investors that potential big, unsettling policy changes are underway because of the President’s actions along with more signals suggesting the U.S. economy remains okay for now.

Donald Selkin, Chief Market Strategist

March 21, 2025

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5 min read

Daily Market Notes - March 20, 2025

After an awful day on Tuesday, the market started out higher and was up by 27 S&P points just before the Fed interest rate announcement, from which it got to an astounding gain of 90 before cooling off to end with a 60 point advance to 5675 as it was led for a change by the large technology stocks and the financials.

Donald Selkin, Chief Market Strategist

March 20, 2025

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5 min read

Daily Market Notes - March 19, 2025

After two straight higher days, the market yesterday returned back down to its main pattern this year, which has been sharply lower.

Donald Selkin, Chief Market Strategist

March 19, 2025

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5 min read

Daily Market Notes - March 18, 2025

Would you believe it, that the market had the nerve to rally for the second straight day, which is the first such occurrence in more than a month, but unfortunately the S&P and Nasdaq are still having their worst month since September 2023.

Donald Selkin, Chief Market Strategist

March 18, 2025

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5 min read

Daily Market Notes - March 17, 2025

Well, well, well – will miracles never end, as U.S. stocks rallied to their best day in months on Friday as the current roller coaster suddenly shot back upward, but that still was not enough to keep the U.S. market from a fourth straight losing week, its longest such streak since August.

Donald Selkin, Chief Market Strategist

March 17, 2025

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5 min read

Daily Market Notes - March 14, 2025

The latest sell-off hit a new low Thursday after President Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month.

Donald Selkin, Chief Market Strategist

March 14, 2025

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5 min read

Daily Market Notes - March 13, 2025

U.S. stock indexes rose Wednesday after investors got some relief from an encouraging inflation update, but even on a rare up day, the President’s trade wat still made for very volatile trading, some of it to the downside.

Donald Selkin, Chief Market Strategist

March 13, 2025

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5 min read

Daily Market Notes - March 12, 2025

The market fell further Tuesday following the President’s latest escalation of the trade war, briefly pulling the S&P 10% below its record set last month. And like it’s been for most of the past few weeks, the market’s slide on Tuesday was erratic and dizzying.

Donald Selkin, Chief Market Strategist

March 12, 2025

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5 min read

Daily Market Notes - March 11, 2025

After last week’s miserable showing, the market basically collapsed yesterday, as things cut deeper as to how much pain the President will let the economy endure through tariffs and other policies in order to get what he wants.

Donald Selkin, Chief Market Strategist

March 11, 2025

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5 min read

Daily Market Notes - March 10, 2025

After the supposed “death cross” around mid-day where the S&P falls below the 200 day moving average (around 5700) for the 50-day price, which is supposedly a near-term bearish signal. But from an intraday low of 5666 it made a very strong comeback to end with a closing gain of 31 to finish at 5770, which would be a nice signal but unfortunately these one-day gains have come in the context of a very negative market recently as the market has lost $3 trillion since the inauguration of the current President. It is now more than 6% below its all-time high set last month.

Donald Selkin, Chief Market Strategist

March 10, 2025

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5 min read

Daily Market Notes - March 7, 2025

After a relief rally the day before, the market got blasted downward once again, and going into today’s always important monthly jobs report, this week has become the worst one of the year for equities so far.

Donald Selkin, Chief Market Strategist

March 6, 2025

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5 min read

Daily Market Notes - March 6, 2025

Hopefully the administration will perhaps learn that the heavy imposition of tariffs is not something that the stock market wants, because it has suffered large declines when the President is aggressive about it and strong gains, like yesterday, when the government eases back on the pressure.

Donald Selkin, Chief Market Strategist

March 6, 2025

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5 min read

Daily Market Notes - March 5, 2025

In one of the more bizarre sessions in what has been a series of them, the market got socked badly on the downside with another historic last hour collapse after some of the indices had the nerve to actually go positive.

Donald Selkin, Chief Market Strategist

March 5, 2025

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Daily Market Notes - March 4, 2025

In one of the worst collapses from a higher start that we have seen this difficult time, the market once again turned a briefly higher opening into a historic type of crash once again as the market continued to wipe out more of their gains since the current President’s election in November as this time things collapsed after he said that his tariffs announced earlier on Canada and Mexico would take effect within hours.

Donald Selkin, Chief Market Strategist

March 4, 2025

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Daily Market Notes - March 3, 2025

In one of the most surprising upside reversals seen in a while, the market turned a nice morning gain into what looked like another sickening downside reversal just as the not friendly meeting between the U.S. and Ukrainian presidents got underway, things then made one of the fantastic afternoon upside moves higher than what we have seen in a while.

Donald Selkin, Chief Market Strategist

March 3, 2025

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Daily Market Notes - February 28, 2025

In what had to be one of the worst market collapses in the recent horrible series lately, the indices turned very nice opening trading into a downside disaster like we rarely see. And as a result, the market has now seen its worst week since September and is now lower for the month of February with today the last trading day of this month.

Donald Selkin, Chief Market Strategist

February 28, 2025

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Daily Market Notes - February 27, 2025

In a disappointing day that managed to finally end the four-day losing streaks for the S&P and Nasdaq with the Dow lower for a change, things were not able to hold strong morning sessions and just about finished nominally higher for the first two items.

Donald Selkin, Chief Market Strategist

February 27, 2025

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Daily Market Notes - February 26, 2025

Another session, another declines for both the S&P and the Nasdaq for the first time since August that these two have done so poorly, while some of the old-time stocks continued to support the Dow to some extent.

Donald Selkin, Chief Market Strategist

February 26, 2025

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Daily Market Notes - February 25, 2025

In what turned out to be a weak session after a strong start which could not hold, the Dow was the only index that managed to eke out a very nominal gain while the others ended lower.

Donald Selkin, Chief Market Strategist

February 25, 2025

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Daily Market Notes - February 24, 2025

One can only blame UNH for the mixed to lower opening on Friday, as it began the day with trading lower by 60 points due to the story about it being investigated by the Justice Department for their billing practices relating to health benefits. So as the rest of the market got beaten down very badly, its stock actually did better than the opening as it ended lower by “only” 36 which is somewhat of a victory, so to speak.

Donald Selkin, Chief Market Strategist

February 24, 2025

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Daily Market Notes - February 21, 2025

After ending higher on very late buying for the first three days this week, the euphoria finally came to an end big-time yesterday as the market got clocked sharply lower and was able to pull off its worst intraday levels but still ended badly down.

Donald Selkin, Chief Market Strategist

February 21, 2025

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Daily Market Notes - February 20, 2025

In a pattern that has repeated itself for the past few days, the major indices turned sharp intraday declines into late rallies to get positive, and bring on new record highs in the S&P and this situation repeated itself yesterday as well.

Donald Selkin, Chief Market Strategist

February 20, 2025

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Daily Market Notes - February 19, 2025

In a really peculiar session, instead of starting out strongly higher as the various stock index futures were indicating, things sold off right at the opening, then went sharply lower in mid-afternoon and then rose right on the close to end at a record high in the S&P and close to one in the Dow and Nasdaq.

Donald Selkin, Chief Market Strategist

February 19, 2025

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Daily Market Notes - February 18, 2025

The market ended the week on Friday with the S&P trying to reach a new high but it fell back nominally at the close.

Donald Selkin, Chief Market Strategist

February 18, 2025

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Daily Market Notes - February 14, 2025

Despite another inflation report that came in a little higher than expected and all kinds of news about tariffs, the market once again turned its back on the potentially negative news and underwent a tremendous upside rally yesterday which took it close to record highs.

Donald Selkin, Chief Market Strategist

February 14, 2025

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Daily Market Notes - February 13, 2025

If one watched the pre-market showings yesterday (courtesy of Newbridge Securities), right before their 8:30am release, they were nominally higher.

Donald Selkin, Chief Market Strategist

February 13, 2025

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5 min read