Official U.S. CPI releaseThu, Dec 18November 2025
QQQ / SPY · Complete month
December 2025
Replay December 2025 through QQQ/SPY closing paths, intraday turns, recurring news themes, and every daily curve.
- Review days
- 31
- Trading days
- 22
- News
- 2,804
- Recurring news themes
- 6
2025-12-01 — 2025-12-31
Monthly performance
QQQ -0.80%SPY -0.23%
QQQ ended at -0.80% and SPY at -0.23% from the previous regular close before the month.
Monthly change runs from the final trading-day close before the month to the final trading-day close of the month. Each point on the chart is a trading-day close.
Sessions worth replaying
Strongest QQQ sessionStrongest SPY session
Thu, Dec 18QQQ +1.46%SPY +0.76%
158 news items Weakest QQQ sessionLargest QQQ–SPY divergence
Fri, Dec 12QQQ -1.92%SPY -1.08%
SPY led QQQ by 0.84 pp
106 news itemsWeakest SPY sessionBusiest news day
Wed, Dec 17QQQ -1.86%SPY -1.12%
160 news items Strongest intraday rebound
Thu, Dec 11QQQ -0.32%SPY +0.23%
Rebound after the intraday low · QQQ +1.22% · SPY +1.00%
130 news itemsCalmest session
Fri, Dec 26QQQ -0.01%SPY -0.02%
Intraday range · QQQ +0.35% · SPY +0.32%
59 news itemsRecurring news themes
See which themes kept returning during the month and how many review days they appeared in.
01
AI
12 related news items · 9 review days
13.0%+6.5 pp vs prior 3 months
02Earnings
10 related news items · 8 review days
10.9%-4.0 pp vs prior 3 months
03China
10 related news items · 8 review days
10.9%-11.5 pp vs prior 3 months
04Jobs report
21 related news items · 6 review days
22.8%+9.2 pp vs prior 3 months
05Geopolitics
6 related news items · 6 review days
6.5%-0.1 pp vs prior 3 months
06FOMC
10 related news items · 5 review days
10.9%-1.4 pp vs prior 3 months
Topic counts are descriptive coverage measures. They do not measure price impact.
CPI
Official event-study dates
All daily reviews
Trading days show QQQ/SPY closing moves alongside the day’s news. Market-closed dates keep their news timelines.