NEWS
Semis & Software Send Stocks Higher

It was essentially opposite day in the markets, with oil and precious metals reversing course on Middle East rumors. Meanwhile, China’s stock market reopened to locals and saw a sharp downside reversal, while U.S. stocks moved higher on the back of semiconductors, software, and cybersecurity. 👀

Today's issue covers the undertone of uncertainty, Hindenburg Research’s allegations against Roblox, and which crypto-linked stocks are leading. 📰

Here’s the S&P 500 heatmap. 9 of 11 sectors closed green, with technology (+1.87%) leading and energy (-2.61%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $SAR, $ALCE, $OTRK, $WW, $PDYN 📉 $RBLX, $SRRK, $WGS, $TOST, $SEDG*

*If you’re a business and want to access this data via our API, email us.

STOCKS
Stock Rally Has Undertone Of Uncertainty ⚠️

Semiconductor stocks are all the rage right now, with Nvidia’s fresh breakout putting it less than 5% away from retaking the “most valuable company in the world” title. 👑

Optimism about tech stocks isn’t limited to semiconductors, though. The software sector ($IGV) and cybersecurity sector ($HACK) ETFs also broke out to new all-time highs today. 📈

Although earnings season is right around the corner and global tensions remain high, investors and traders are wondering how bad things could possibly be if three of the largest parts of the largest sector of the market are breaking out to fresh highs.

Still, there remains an undertone of concern in the market, with the Volatility Index ($VIX) sitting above 20 with the major stock market indexes just below all-time highs. It demonstrates a willingness to continue investing but with the backdrop of protection against the many events expected to cause volatility in the weeks and months ahead. 🛡️

Stocktwits co-founder and CEO @HowardLindzon shared this interesting dichotomy on Twitter and during today’s “Trends With Friends” live stream…prompting some funny responses.

Lance Saville on Twitter responded to Howard’s prompt below with a bear chasing a man on a bike…that pretty much sums up the market vibe right now as investors and traders try to figure out what’s ahead for Q4. 😂

A MODERN INVESTOR CONFERENCE
Unlock The Latest Trends In Investing & Alternative Data 🔓

Stocktoberfest is back with an intimate event for executives, influencers, and the most active investors in financial markets on October 20-22. 🤝

Network with industry thought leaders like Howard Lindzon, Michael Batnick, Brian Shannon, Michael Parekh, and many more during the 2-day palooza.

Less than 15 tickets remain, so grab your seat now, and we'll see you in beautiful Coronado, CA! 😎