May 16th, 2025

Consumer Mood Tanks | Open Interest 05/16/25

Dismal consumer confidence data spooks markets, putting a pause on the week's S&P 500 gains. And tariff rates are coming... President Trump says he'll set the cost of doing business with the US in coming weeks. Novo Nordisk is replacing its CEO Lars Fruergaard Jorgensen because of increasing competition for its Wegovy obesity shots and a 53% decline in its share price over the past year.