US Equities Mid-Day Color

US equities faced a mid-day sell-off amid geopolitical tensions and a firmer CPI print, leading to systematic risk warnings and outperformance in defensive sectors.

Key Takeaways

• 1.Equities are retreating as geopolitical risk concerns trigger selling in sectors like Tech, Discretionary, and Industrials, while Energy and bond proxies outperform.
• 2.Systematic selling pressure is a risk, with SPX CTA short-term thresholds only 1.01% away as of yesterday's close.
• 3.The 'Magnificent 7' index is underperforming, with NVDA breaking below its 50-day moving average.

Table of Contents

• Key Focus
• Our Franchise
• Chart of the day