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menthorq / ARTICLE

Tech continues to weigh on U.S. stocks, even as about 80% of S&P 500 names trade higher. The S&P 500 is slightly up after briefly dipping negative, with only info tech in the red. The Magnificent Seven is pressuring the index despite solid earnings from Tesla and Meta—both stocks are up but well off their intraday highs. Microsoft is the biggest drag by market cap after disappointing cloud guidance, while Nvidia is also lower. Apple is slipping ahead of earnings, signaling some jitters despite optimism that DeepSeek could drive an iPhone upgrade cycle and re-accelerate growth. The broader gains in the S&P 500, despite a muted overall move, suggest investors remain optimistic about the economy. That said, lingering concerns over big tech continue to cast a shadow after Monday’s rout. Here we can see QQQ current option positioning using our models. While calls are still strong you are starting to see a lot puts coming in

Published Jan 30, 2025Updated Jan 30, 20253 min read
Tech continues to weigh on U.S. stocks, even as about 80% of S&P 500 names trade higher. The S&P 500 is slightly up after briefly dipping negative, with only info tech in the red. The Magnificent Seven is pressuring the index despite solid earnings from Tesla and Meta—both stocks are up but well off their intraday highs. Microsoft is the biggest drag by market cap after disappointing cloud guidance, while Nvidia is also lower. Apple is slipping ahead of earnings, signaling some jitters despite optimism that DeepSeek could drive an iPhone upgrade cycle and re-accelerate growth. The broader gains in the S&P 500, despite a muted overall move, suggest investors remain optimistic about the economy. That said, lingering concerns over big tech continue to cast a shadow after Monday’s rout. Here we can see QQQ current option positioning using our models. While calls are still strong you are starting to see a lot puts coming in
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