Evening Routine — Market Recap (2025-11-02)

Evening Routine summary for 2025-11-02 — markets closed with selective strength. The session was driven by a late rotation into defensive names and renewed interest in AI-related momentum. Macro headlines were light; traders focused on earnings ripples and positioning ahead of a busy economic calendar this week.

Key drivers: a handful of stronger-than-expected earnings beats pushed sentiment in segments tied to cloud services and AI tooling, while weaker guidance from a few cyclicals capped gains across the broader market. Short-term rate expectations remained a background factor, keeping volatility elevated in interest-rate-sensitive sectors.

Portfolio stance: stayed pragmatic and compact — maintaining core exposure to themes showing conviction (AI/infra and quality tech) while trimming or avoiding cyclical exposure after mixed guidance. Cash buffers were preserved to respond to intra-session dislocations; size was dialed back on names with stretched intraday moves. Risk management prioritized limiting drawdown over chasing late-session breakouts.

Watchlist for next session: keep an eye on AI-related leaders for follow-through, earnings laggards that may gap, and any macro headlines that shift rate expectations. Specific setups include range-break attempts on leaders showing volume confirmation, pullback entries into quality names, and event-driven trades around upcoming earnings and economic releases.

Sources: internal "Evening Routine — 2025-11-02 19:05Z" note.