Market Recap 10/29/25
SEQH Capital Partners Research: October 29, 2025 Tear Sheet
Federal Reserve Policy Shift: Key Data
Market Performance: Key Indices & Breadth
Breadth Warning: Decliners outnumbered advancers on both NYSE and Nasdaq despite record highs, signaling concentration risk.
Nuclear & Uranium Sector: Catalysts & Performance
Catalysts:
$80B U.S. government partnership with Westinghouse (Cameco/Brookfield)
AI data center power demand driving nuclear adoption
Supply constraints: Cameco cuts 2025 production, Kazatomprom down 10%
World Nuclear Association forecasts 28% demand growth by 2030
Commodities & Currency
Geopolitical & Policy
Investment Strategy: Key Takeaways
Nuclear/Uranium: $80B government deal is transformational; Cameco and uranium miners offer asymmetric upside. Maintain 3-5% sector allocation.
Magnificent Seven: Concentration risk elevated; hedge with puts or rotate into defensive sectors if earnings disappoint.
Market Breadth: Poor breadth warns of correction; avoid chasing new capital into S&P 500 at record highs.
Fed Policy: December cut not guaranteed; prepare for slower easing cycle and higher terminal rate (3.50-3.75%).
Commodities: Gold remains attractive hedge; oil pressured by supply concerns.
SEQH Capital Partners Research
October 29, 2025 | 6:15 PM EDT