Let's Shape The Future Of Your Investments!
Beat the market with DeepCap's stock picks and investment strategies.
DeepCap Tuesday Outlook
The Day at a Glance
| π― | Theme: Markets mask volatility as mortgage rates drop while tariff fears persist |
| π | Risk Mood: Cautious (VIX 21.01, +10.06%) |
| β° | Key Event: Industrial Production data release |
| π₯ | DeepCap Focus: [Premium] See DeepList Watch β |
Key Headlines
-
Mortgage rates just dropped below 6%, matching lowest level since 2022
Monetary policy decisions and mortgage rate movements affecting housing markets. -
Bank of Korea to keep interest rates steady at 2.50% through 2026: Reuters poll
Central bank policy stance and mortgage rate movements amid broader market volatility. -
Asian Stocks Poised to Track US Lower on AI Angst: Markets Wrap
Stock moves driven by AI froth concerns and sector rotation dynamics between tech and traditional sectors.
The Day Ahead
Yesterday’s Takeaway
Trump’s renewed tariff threats sent global markets into defensive mode, with European stocks declining and Asian markets mixed as traders reassessed trade war risks. The volatility spike pushed the VIX up 10% to 21.01, signaling heightened anxiety beneath what appeared to be orderly price action. This tariff revival comes as mortgage rates dropped below 6% for the first time since 2022, creating a curious backdrop where housing optimism meets trade pessimism.
The Setup
Risk indicators paint a picture of underlying stress despite relatively stable currency and bond markets. The VIX surge to near 52-week highs at 21.01 contrasts sharply with the EUR/USD holding steady at 1.18, suggesting equity-specific concerns rather than broad dollar strength. German 10-year yields fell to 2.71%, matching yearly lows, while US 10-year rates held flat at 4.04%. The divergence between elevated European money market rates and depressed bond yields indicates central bank policy uncertainty remains a key driver.
Today’s Watch
India’s industrial production data at 10:30 AM local time will test whether emerging market manufacturing momentum can withstand global trade tensions, with January’s 3.9% print providing the baseline. The real focus, however, lies in positioning data from yesterday’s CFTC releases, particularly speculative positioning in currencies and commodities that could reveal how institutions are hedging tariff risks. With biotech names like Arcellx surging 77% while tech stalwarts like IBM crashed 13%, sector rotation continues to accelerate. Watch for any follow-through on the tariff narrative as European markets open.
Market Movers
π Top Gainers
- Arcellx, Inc. β +77.43%
- ImmunityBio, Inc. β +12.99%
- Veris Residential, Inc. β +12.16%
- Viking Therapeutics, Inc. β +11.05%
- USA Rare Earth, Inc. β +9.05%
- Legend Biotech Corporation β +9.0%
- Fortuna Mining Corp. β +8.72%
- Bloom Energy Corporation β +8.63%
π Top Losers
- Novo Nordisk A/S β -16.43%
- BillionToOne, Inc. β -15.59%
- International Business Machines β -13.15%
- Ringcentral, Inc. β -12.46%
- StepStone Group Inc. β -12.24%
- SLM Corporation β -12.12%
- Netskope, Inc. β -12.06%
- Lemonade, Inc. β -11.87%
Key Events Today
| Date | Region | Event | Impact |
|---|---|---|---|
| Fri 02/27 | CA | GDP Implicit Price | π΄ High |
| Fri 02/27 | US | Chicago PMI | πΈ Med |
| Fri 02/27 | US | Retail Inventories Ex Autos | πΈ Med |
Macro Dashboard
| Indicator | Level | Ξ d/d | Ξ w/w | 52W Range | Signal |
|---|---|---|---|---|---|
| VIX | 21.01 | +10.06% | -0.9% | 17.36β21.77 | β οΈ Elevated |
| EUR/USD | 1.18 | 0.0% | β | β | Neutral |
| EURIBOR 3M | 2.02% | 0.0% | +1.0% | 1.98β2.02 | π Sticky |
| US 10Y | 4.04% | 0.0% | -0.49% | 4.04β4.22 | π Offered |
| DE 10Y | 2.71% | -0.37% | -1.09% | 2.71β2.85 | π Offered |
Premium
*Premium* β DeepCap Conviction
*Premium* β Key Levels to Watch
*Premium* β EU DeepList Watch
*Premium* β US DeepList Watch
*Premium* β Risk Scenarios
π° Yesterday’s Headlines (6 themes)
Rates, Central Banks & Mortgages
Monetary policy decisions and mortgage rate movements affecting housing markets.
- Mortgage rates just dropped below 6%, matching lowest level since 2022 β CNBC, 02/23/2026
- China leaves benchmark lending rates unchanged for ninth straight month β Reuters, 02/24/2026
Rates, Central Banks & Mortgages
Central bank policy stance and mortgage rate movements amid broader market volatility.
- Bank of Korea to keep interest rates steady at 2.50% through 2026: Reuters poll β Reuters, 02/24/2026
- Mortgage rates dip below 6 percent β CNBC, 02/23/2026
AI/Tech Valuation Jitters & Market Rotation
Stock moves driven by AI froth concerns and sector rotation dynamics between tech and traditional sectors.
- Asian Stocks Poised to Track US Lower on AI Angst: Markets Wrap β Bloomberg, 02/24/2026
- Asia markets trade mixed after Trump revives tariff threat and AI fears hit tech β CNBC, 02/24/2026
- CNBC Daily Open: AI fears and tariff confusion spook U.S. markets β CNBC, 02/24/2026
- FTSE 100 Live: Stocks Extend Declines on Lingering Tariff, AI Anxieties β Bloomberg, 02/24/2026
- ‘Old economy’ stocks look expensive and software screams cheap. Is that enough to end the rotation? β CNBC, 02/23/2026
Trade & Diplomacy
Tariff threats and trade policy uncertainty creating market volatility.
- Tariff Turmoil Returns to Global Markets β The New York Times, 02/23/2026
- European stocks lose ground as traders assess tariff landscape β CNBC, 02/24/2026
- ‘Sit still and do nothing’: Trump’s latest tariff salvos leave markets unfazed β CNBC, 02/23/2026
Trade & Diplomacy – Tariff Turmoil
Supreme Court ruling disrupts tariff strategy creating widespread uncertainty across global markets and trade policy.
- Supreme Court ruling throws Trump administration’s tariff strategy into flux. What it means for global trade, U.S. economy β CNBC, 02/23/2026
- Tariffs Are a Wild Card for the Economy Again β WSJ, 02/23/2026
- Here Are the Countries and Products Subject to Tariffs Now β The New York Times, 02/23/2026
- Yen weakens as Asian markets reopen to renewed tariff turmoil β Reuters, 02/24/2026
- US tariff turmoil leaves Treasury markets dazed β Reuters, 02/23/2026
Other Market News
Additional headlines across various market themes.
- Markets are churning furiously beneath a calm surface β The Economist, 02/22/2026
- Exclusive | Trump to Sell the Economy During State of the Union Address β WSJ, 02/24/2026
- How Russia Put Its Future at Risk by Remaking Its Economy for War β The New York Times, 02/24/2026
- Mortgage rates fall below 6%βhow to decide if refinancing is worth it for you β CNBC, 02/23/2026
- How Prediction Markets Polymarket and Kalshi Are Gamifying Truth β Bloomberg, 02/23/2026
- Stock Market News, Feb. 23, 2026: Dow Falls More Than 800 Points on AI, Trade Uncertainty β WSJ, 02/24/2026
- Watch Citrini Report Author Sees AI Disrupting Global Economy β Bloomberg, 02/24/2026
- U.S. Economy Grew More Slowly at End of 2025 β The New York Times, 02/20/2026
- Watch Arini CIO Expects Defaults, Disruption in Credit Markets Around Software β Bloomberg, 02/24/2026
- Gulf markets mixed, Saudi Arabia down on fiscal worries β Reuters, 02/24/2026
Social Media Buzz
For your reading pleasure, not to be treated as advice of any sort.
- Daily Discussion Thread for February 23, 2026 β reddit.com/r/WallStreetBets, 2026-02-23
- What Are Your Moves Tomorrow, February 24, 2026 β reddit.com/r/WallStreetBets, 2026-02-23
- ‘Change EU rules to stop Hungary’s abuse of veto’ β Lithuanian FM β reddit.com/r/Europe, 2026-02-23
- Trump boasts that the U.S. has βthe greatest economy actually ever.β Human nature suggests thatβs exactly the wrong message to send to voters β reddit.com/r/Economics, 2026-02-23
- Finland starting tomorrow will have been an independent country longer than it has been as a part of Russia. β reddit.com/r/Europe, 2026-02-23