CAPIS Morning Note – 12/30/25: FOMC minute Out At 2:00 P.M. EST

Overnight Summary & Early Morning Trading: The S&P 500 finished Monday lower by -0.35% at 6905.74 from Friday lower by -0.03% at 6929.94. S&P 500 hit its 37th All-Time Closing High of 2025 on 12/24. Futures are lower this morning by -6.75 (-0.10%) at 6948 on the SP 500 around 6:30 a.m. EST. Year to […]

Overnight Summary & Early Morning Trading:

  • The S&P 500 finished Monday lower by -0.35% at 6905.74 from  Friday lower by -0.03% at 6929.94.
  • S&P 500 hit its 37th All-Time Closing High of 2025 on 12/24.
  • Futures are lower this morning by -6.75 (-0.10%) at 6948 on the SP 500 around 6:30 a.m. EST.
  • Year to date the S&P 500 is up by 17.41% from 17.82% on Friday’s close.

Executive Summary:

  • Bond Market is higher today on price with the 10-Year Yield unchanged at 4.112%.
  • The S&P 500 sees support now at 6900 as it moved back above 6900 last Tuesday.
  • Markets will have a shortened trading week. Bias is upward as the Santa Claus Rally kicked in last Wednesday through Monday, January 5th.
  • FOMC Minutes out at 2:00 p.m. EST.

Key Events of Note Today:

  • Economic news of note is still delayed due to the government shutdown but we will be producing what is scheduled to be reported.
    • Weekly –  None of note.
    • Monthly – Consumer Confidence. FOMC Minutes.
  • 3 & 6 month Auction at 11:30 a.m. EST.
  • Fed Speakers of Note today: None of note.
  • President Trump schedule:
    • Nothing on the schedule today, as he is in Mar-a-Lago for Christmas through New Year’s.

Notable Earnings Out After The Close:

  • Beats: None of note.
  • Misses: None of note.
  • Flat: None of note.

Capital Raises:

  • IPOs For The Week: AIGO ALEH ANDG DTDT HWEP MDLN RIKU UTX of note.
  • New IPOs/SPACs launched/News: None of note.
  • IPOs Filed/Priced: None of note.
  • Secondaries Filed or Priced:
    • AGEN: Form S-3ASR 1,318,084 SHARES OF COMMON STOCK
    • LEXX: Form S-3.. 2,754,756 Shares of Common Stock
    • MDXH: FORM F-3 –  $200,000,000 Ordinary Shares
    • SIDU – Closing of Public Offering
    • SOPA – Pricing of $3 Million Public Offering of Common Stock
    • TIVC: Form S-3.. 13,659,638 Shares of Common Stock
    • VSEE: Form S-1.. 3,000,000 Shares of Common Stock
  • Notes Filed Or Priced: None of note.
  • Convertibles Filed or Priced: None of note.
  • Direct Offering: None of note.
  • Exchangeable Subordinate Voting Shares: None of note.
  • Private Placements:
    • DRMA – Closing of up to $12.4 Million Private Placement Priced At-The-Market Under Nasdaq Rules
  • Selling Shareholders: None of note.
  • Mixed Shelf Offerings:
    • GDHG: FORM F-3 – $200,000,000 Mixed Shelf Offering
    • HYMC: Form S-3.. $500,000,000 Mixed Shelf
    • KRUS: FORM S-3 – $100,000,000 Mixed Shelf Offering

News After The Close:

  • Huntington Ingalls (HII) delivers Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128) to the US Navy.
  •  Applied Digital (APLD)  to spin out cloud business, proposes business combination with EKSO to launch ChronoScale.
  • BA awarded a $8.57 bln Air Force contract and awarded a $4.2 bln modification to previously awarded Air Force contract.
  • Manus joins Meta Platforms (META), accelerating AI innovation for business. 

Exchange/Listing/Company Reorg and Personnel News:

  • BLBD announces that former CEO Phil Horlock will be stepping down from the Board, effective immediately.
  • CVI discloses that its board appointed Mark A. Pytosh as CEO, effective January 1. 

Buybacks: None of note.

Dividends Announcements or News:

  • Stocks Ex Div Today of note: GE MU CM AMT XEL MKC SEIC TIMB GGAL CIG TKC WFG HASI INDB CVBF of note.
  • Stocks Ex Div Tomorrow day of note: None of note.
  • KRG declares special cash dividend of $0.145/share

What’s Happening This Morning: (as of 7:35 a.m. EST)

  • Futures S&P 500 -, NASDAQ 100 -, Dow Jones -, Russell 2000 –  Europe is higher while Asia is lower ex China. Bond yield is at 4.112% on the 10-Year for a second day. Crude Oil and Brent Crude are higher with Natural Gas lower. Gold, Silver and Copper are higher. The U.S. Dollar is higher versus the Euro, higher against the Pound and lower against the Yen. Bitcoin is at $87,811 from $86,810 higher by 0.75% which is at $+655.

Sector Action:

  • Daily Positive Sectors: Energy, Consumer Defensive and Real Estate were higher.
  • Daily Negative Sectors: Materials, Consumer Cyclicals, Financials and Technology were lower.
  • One Month Winners: Healthcare Services, Utilities, Technology, Industrials, Materials and Consumer Defensive of note.
  • Three-Month Winners: Communication Services, Technology, Materials, Utilities and Healthcare of note.
  • Six-Month Winners: Technology, Communication Services, Industrials and Consumer Cyclicals of note.
  • Twelve-Month Winners: Communication Services, Technology, Financials, Consumer Cyclical, and Industrials of note.
  • Year to Date Winners: Communication Services, Materials, Technology, Financials, Utilities and Industrials of note.

Bolded means the Sector is new to the period in which it falls.

Upcoming Earnings Of Note: (Erlanger Chartroom Software – sorted by market cap, highest to lowest with most visible names)

  • Today After the Close: None of note
  • Tomorrow Before The Open: None of note

Notable Earnings of Note This Morning:

  • Beats: None of note.
  • Misses: None of note.
  • Flat: None of note.
  • Still to Report: None of note.

Company Earnings Guidance:

  • Positive Guidance: This Morning – None of note.
  • Negative or Mixed Guidance: This Morning – None of note.

Advance/Decline Daily Update:

Gap Ups & Down In Early Pre-Market: (+2% or down more than -2%):

  • GapUp: None of note.
  • GapDown: None of note.

Options Activity: Calls and Puts Top Ten Names Sorted Volume. Highlighted names are new to the most active list. No new outliers of note.

Insider Action: WRB EPD see Insider Buying with dumb short selling.  HQI sees Insider Buying with smart short sellers. Above $100,000 in purchases with high shorts but no history: None

Rags & Mags: Repeated stories from prior days never listed, i.e. “rehashed news”. Sorted by Global, U.S. and stock specific.

  • Bloomberg Lead Story: Trump’s Ukraine Plan Faces new Obstacles After Putin Call. (Bloomberg)
  • WSJ Lead Story: China’s push toi master the Artic opens an alarming shortcut to U.S. (WSJ)
  • NY Times Business Section Lead Story: The New Billionaires of the the AI Boom (NYT)
  • Markets Wrap: US Stocks drfit as precious metals bounce back. (Bloomberg)

Bolded on story link means behind a Pay Wall.

Economic & Geopolitical:

  • Federal Reserve Speakers of note today: None
  • President Trump’s schedule for today:
    • Nothing is on the schedule as he is at Mar a Lago.
  • Economic Data Out –
    • Weekly
      • None of note.
    •  Monthly
      • December Consumer Confidence is due out at 10:00 a.m. EST and came in last month at 88.7%.

M&A Activity & Daily Changes: None of note.

Moving Average Table:  74% from 97% of Equities Positive and 76% from 56% of Bonds are Positive.

Meeting & Conferences of Note:

  • Sellside Conferences: None of note.
  • Top Analyst, Investor: None of note. 
  • Shareholder Meetings: FAT, GDYN, NIXX
  • Fireside Chat: None of note.
  • FDA Presentation: None of note.
  • R&D Day: None of note.
  • Meetings: None of note.

Upgrades & Downgrades:

The recommendations listed below in this “Upgrade/Downgrade” section are compiled from what we believe are Tier I, II and III firms. Recommendations posted are taken from a variety of sources each day and we only post upgrades or significant initiations as well as downgrades to underweight or sell. The purpose of this posting is to make the reader aware of market-moving recommendations. None of these recommendations should be interpreted as actual recommendations from CAPIS or its employees.

  • Upgrades: None of note.
  • Downgrades: None of note.