Market Brief 10/13/25
SEQH Capital Partners Research - Market Brief | October 13, 2025
Market Digest
U.S. equity futures rebounded sharply premarket Monday as trade tensions cooled. The S&P 500 closed Friday at 6,552.51, down 2.7% for the day in its steepest loss since April, but futures are now rising +1.3%, with the Dow up 1.1% and Nasdaq futures up 1.9%, reflecting renewed risk appetite after President Trump softened tariff rhetoric on China. Markets had whipsawed last week following the 100% China tariff threat, but a diplomatic turn over the weekend stabilized sentiment.
Trade news is still dominant, as the global G20 watchdog warned of systemic risks and excessive risk-taking. China’s September export rebound (+6.3% y/y) was seen as a buffer against looming U.S. tariffs and provided a positive macro backdrop. The 10Y Treasury yield sits at 4.06%, down 11 bps from last week, pointing to safe-haven demand and strong market bets on a Q4 Fed rate cut.
Oil has rebounded modestly to $59.76/bbl, while gold trades at $4,074/oz at all-time highs after a breakout on inflation and currency hedging flows.
Earnings season kicks off tomorrow with the largest U.S. banks reporting. JPMorgan, Bank of America, Citigroup, and Wells Fargo headline tomorrow’s calendar, setting the stage for Q4 guidance trends.
Overseas, Asia mixed as trade fears linger; Europe opens higher following U.S. cues. Markets are closely tracking any new tariff headlines and earnings pre-announcements.
Market Watch
Key Data Snapshot (as of 6:15 AM ET)
Macro Outlook:
Equities are staging a technical bounce after sharp risk-off, as markets digest more dovish Trump communications and strong China trade figures. Safe-haven flows remain in Treasuries and gold, and a Fed cut is being priced for December. Expect volatility until there’s tangible clarity on U.S.-China deal progress and major bank earnings.
