The Rundown S&P 500 Heads for 4th Straight Down Day, Home Depot Cuts Full-Year Guidance
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Nov 18, 2025 Markets are on the decline as the S&P breaches key moving averages, raising investor concerns. Meanwhile, the crypto landscape crumbles with Bitcoin facing significant losses. Home Depot struggles with a missed earnings report and a guidance cut, though online sales show some promise. A Cloudflare outage highlights the fragility of internet infrastructure, while Amir Sports shines with impressive revenue growth. Lastly, Pinkfong's Baby Shark IPO makes waves in South Korea's market.
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Major Technical Trend Reversal
- The S&P 500 and Nasdaq falling below the 50-day moving average signals a momentum shift toward the downside.
- Markets have reversed after the S&P's 138-day streak above the 50-day, the longest since 2007, raising caution among traders.
Crypto And Equity Sell-Off Drivers
- Crypto has given back all 2025 gains with Bitcoin dipping below $90,000 and many altcoins near pandemic lows.
- The sell-off links to fears about an AI bubble, labor-market softness, and uncertainty over Fed rate cuts.
Position For Fed Uncertainty
- Expect elevated volatility as markets price a roughly 50-50 chance of a December Fed rate cut.
- Avoid overexposure to high-risk, frothy AI and crypto positions until clarity returns.