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Week #11/2025: Market & Portfolio Review

Major Stocks Decline as S&P 500 Signals End of Uptrend

This week we discuss the current state of the stock market, with the S&P 500 remaining in phase 5 and signaling the end of an uptrend.

The index has struggled, with its top 7 stocks all posting losses this month. Tesla TSLA 0.00%↑ is the worst performer.

The S&P 500 has been in a distribution phase for months and is now showing signs of further weakness. Meta META 0.00%↑ is the only 'magnificent 7' stock holding onto year-to-date gains.


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Zurique Capital Research is a global provider of independent investment research, solutions and tools. Founded in 2018, Zurique Capital helps clients around the world make systematic investment decisions. Our experienced strategists and analysts use Market Cycles strategies with trend following overlay, the Alpha Hedge Algorithm, charts, proprietary indicators and weight-of-the-evidence methodology to help clients see the signals and invest with confidence. Zurique Capital is headquartered in Orlando, Florida, with offices in New York and Recife, Brazil.
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