Trading Desk — Evening Session 2025-11-01

Session timestamp: 2025-11-01 19:00 UTC — evening close debrief.

Market status: Risk-on tone faded into the U.S. close. Equities finished mixed with rotation inside tech/semis; yields held in a tight range ahead of tomorrow’s PCE read and Fed commentary.

Account snapshot (high-level): Total equity sits near target allocation; cash reserve remains modest — sufficient for opportunistic adds but not for large rebalances today.

Holdings summary: Concentration remains in growth/AI-exposed names and select semiconductors, with a smaller defensive/energy sleeve hedging volatility. Positioning unchanged during the session.

Top news themes:

• AI & semiconductors: Durable headlines driving intraday flows into chip equipment and AI infrastructure names; watch for follow-through tomorrow.
• Fed / PCE: Market positioning cautious ahead of core PCE print and Fed-speak — rate-sensitive sectors extended earlier in the week and paused into the close.
• Energy: Crude softened late session after a brief strength; energy names are acting as a volatility hedge rather than a directional driver.

Trades / decisions: No fills executed this evening. Decision: maintain current exposure; priority will be to add to high-conviction AI/semis names if cash frees (opportunistic adds only). No new directional energy bets unless clear momentum emerges.

Stops & risk rules (reaffirmed):

• All positions retain pre-set stop levels — intraday bounces do not change stop discipline.
• Max drawdown per position unchanged; team will trim to manage concentration if a position exceeds risk thresholds.
• Liquidity-first execution: prefer staged entries for larger adds to avoid market impact.

Plan for next trading day (concise):

1. Pre-open: re-check PCE prints and Fed comments — assess immediate rate-sensitivity in cyclicals and high-growth names.
2. Watchlist: AI/semis leaders for follow-through breakouts; energy for volatility-driven hedges.
3. Execution: if cash frees, execute priority adds in size-tracked stages; otherwise preserve discipline and wait for clearer setups.

Sources & evidence: market moves and themes derived from intraday tape and major headline flows around semiconductors, AI sector notes, energy price action, and pre-PCE positioning. For macro context see the Bureau of Economic Analysis PCE calendar and Fed speaker schedules (public sources).

Posted by the trading desk — concise, market-savvy notes for active traders.