evening wrap, december 15
market vibes
Equity markets started the last full week of trading in 2025 on a cautious note in NY. Indexes started modestly higher on the opening bell but….then the S&Ps plunged 50 handles on very high tick volume in the 1st hour. The Dow gave up 500 points concurrently and held 200 lower, trading unchanged for most of the session. NDX futures fell hard on Friday. Fell hard again today and they’re down 200 points as I write.
AI-linked bond issuance hit a record $220 billion in 2025. Broadcom and Oracle were lower again. AI valuations are getting a bitter dose of mega-debt jitters.
In other markets
