Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.02 | +0.10 | +0.20 | +0.20 | -0.22 | +0.20 | +0.20 | +0.10 | +0.20 | +0.30 | +0.30 | +0.30 |
Apple's January China warning and the May Huawei blacklist hurt chip suppliers, but the Fed's pivot to rate cuts fueled a strong tech rally (S&P +29%).
How this mood is scored ▾
Apple lowered its Q1 revenue guidance to $84 billion, citing economic slowdown in China and weaker iPhone upgrades globally. The rare move spooked markets, with shares dropping 7%, though services and wearables showed strong growth. The revision highlights risks from U.S.-China trade tensions and shifting consumer behavior.
The US added Huawei and 70 affiliates to its Entity List, restricting access to US technology without government approval. The move, backed by President Trump, targets national security concerns and impacts major global chip suppliers reliant on Huawei. Telecom and semiconductor markets may face disruptions due to tightened export controls.
Uber began trading at $42, nearly 7% below its $45 IPO price, raising $8.1 billion and achieving an $82 billion valuation despite market volatility and unprofitability concerns. The weak debut reflects broader skepticism around ride-hailing economics and trade tensions, though analysts note Uber's long-term potential in transportation and delivery services. The IPO remains the largest U.S. tech listing since Alibaba, with implications for investor sentiment toward high-profile, loss-making tech firms.