Amit Kukreja
NEW HOME SALES UP BIG, CRYPTO & MARKETS DOWN | MARKET CLOSE
9/24/2025, 10:11:03 PM
Economic Summary
- First red day in weeks with mixed market performance
- Housing market beats expectations with 20% MoM rise in new home sales
- Energy and industrial sectors show relative strength
- Financials green amid tech weakness
- Fed chair notes high valuations in stocks
- Stablecoin market cap hits all-time high
Bullish
- Energy sector strength with data center plays
- Opendoor boosted by strong home sales
- Intel near 52-week highs on Apple investment news
- Ethereum dominant in stablecoin market cap
- AI revolution still in early stages
- Major tech firms increasing CapEx
- Salesforce undervalued and likely to rise
- Palantir shows ROI in enterprise AI
Bearish
- Big tech and crypto show weakness after recent rallies
- Unprofitable tech companies surged into unhealthy territory
- Fed chair warns stocks are highly valued
- AI investments may lack near-term ROI
- Possible energy constraints for AI data centers
- Short-term growth risk for Palantir if under 40% year-over-year
- Payments competition may slow PayPal growth
Bullish tickers
TSLAOPENIRENINTCETHCRMPLTRBABA
Bearish tickers
AAPLGOOGAMZNNVDABMNRPYPLCOST
People mentioned
Liz YoungDan IvesJerome PowellEd YardeniDonald TrumpSam AltmanStanley DruckenmillerTim CookMark ZuckerbergLarry EllisonAndy JassyJensen HuangMarc Benioff