Markets look for stability: Here's what you need to know

Yields

NDX cautious up , short term, interviewee explicit

explicit

RUT

Oil

Metals

USD

Charles Schwab 7.8
Asset Manager $890.00B
Liz Ann Sonders 9.0

Markets look for stability: Here's what you need to know

ndx

Liz Ann Sonders described the market as cautiously shifting towards quality stocks with retail involvement driving the focus. The seasonally strong finish to the year and AI tailwinds underpin a cautiously bullish outlook for the Nasdaq over the next couple of months. Market valuation concerns and recent volatility argue for caution, but strong fundamentals, AI-driven capital expenditures, and ongoing retail participation support upside potential in the Nasdaq in the near term.

11/3/2025 6:30:01 PM	short term cautious up	6 days later	+0.69%	+0.35%
11/1/2025 1:00:33 AM	short term up	7 days later	-1.39%	-1.39%
10/27/2025 5:01:01 PM	short term up	6 days later	-0.15%	-0.15%
10/23/2025 3:00:52 AM	short term cautious up	5 days later	+3.00%	+1.50%
10/8/2025 1:00:07 AM	short term cautious down	5 days later	-2.07%	+1.03%
10/1/2025 5:00:02 PM	short term up	5 days later	-0.21%	-0.21%
9/13/2025 1:29:51 AM	short term up	7 days later	+1.92%	+1.92%
8/11/2025 5:30:31 PM	short term up	6 days later	-0.53%	-0.53%

Show all ndx results

Welcome to the Halftime Report live from Schwab Impact where 5,000 investment professionals are gathering. We're looking at markets recovering after a rough day, with the Nasdaq leading the way. Joe, could you give us your perspective on the current market sentiment?

Scott Wapner
Joe Ternova

The marketplace is skittish around valuation but the secular tailwinds from AI capex, Fed policy and growth remain strong. We're seeing a slow rotation from high momentum names to quality sectors like healthcare.
Brin Talkington

Institutional investors have been net sellers recently, suggesting some defensiveness but retail investors still dominate trading and have been beaten up in high-beta names.
Malcolm Bouage

Retail remains in control. Investors are becoming more discerning within AI sectors; some companies are rewarded post-earnings while others aren’t, indicating a maturing market focus on capital expenditure quality.
Bin Talkington

Seasonally the last two months tend to be strong for equities. Underlying earnings fundamentals support valuations outside the top high-momentum tech names. The AI mega trend continues with increasing business integrations expected through 2026.
Liz Ann Sonders

Retail traders, a subgroup of individual investors born out of the pandemic era, now represent about 25% of volume and have become power drivers. While there is concern about the gambling mentality driving some speculative names, we're seeing a positive shift away from ultra-low-quality microcaps towards higher-quality opportunities within indexes like the S&P 500. This transition may cause some market fragility but is broadly constructive and not a major risk to cap-weighted indexes.

SignalTube

markets at a glance