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Your daily horoscope: January 2, 2025

  HOROSCOPES IF TODAY IS YOUR BIRTHDAY There will be times over the coming 12 months when you feel it necessary to pinch yourself so you know you’re not dreaming. The thing to remember is that it’s your own positive attitude that brings so many good things and good people your way. ARIES (March 21 - April 20): If you make any major changes today you will probably have to change them back again tomorrow when Mars, your ruler, is at odds with power planet Pluto. On this occasion at least it might be a smarter move to leave well alone. TAURUS (April 21 - May 21): Wherever you go and whatever you do between now and the weekend you will have a great deal of fun. The only cloud on the horizon is that tomorrow’s Mars-Pluto link could make you too confrontational when dealing with people in positions of authority. GEMINI (May 22 - June 21): You could get rather emotional over the next 24 hours and no one will be more surprised about it than you. It’s not that your self-control is crac...
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Tech Stocks Decline Amid “Triple Witching” and Nvidia’s Rebalance


The stock market experienced a pullback as tech stocks faced pressure, and a significant options expiration loomed. Here are the key points:

  1. Tech Under Pressure:

    • Tech stocks, including megacap companies, declined.
    • Nvidia Corp. led the losses in this segment.

  2. Triple Witching:

    • Wall Street faced a quarterly event known as “triple witching.”
    • Derivatives contracts tied to stocks, index options, and futures were set to mature.
    • About $5.5 trillion in contracts were expiring, compelling traders to adjust positions.

  3. Volatility and Vulnerability:

    • Short interest in major equity ETFs hit record lows.
    • Lack of bearish investors signaled vulnerability to negative news.
    • Implied volatility on S&P 500 options remained low.

  4. Nvidia’s Rebalance:

    • Nvidia’s sharp rally prompted the Technology Select Sector SPDR Fund (XLK) to rebalance.
    • Over $10 billion of Nvidia shares were acquired, while Apple’s weight was significantly reduced.

  5. AI Frenzy and Inflows:

    • Nvidia’s AI-related surge made it briefly the world’s most valuable company.
    • Record inflows flowed into tech funds, driven by the ongoing artificial intelligence frenzy.

In summary, tech stocks faced headwinds, and market participants closely watched Nvidia’s earnings and rebalancing dynamics. The landscape remains dynamic, with implications for investors and traders alike.


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