Worries about the sustainability of the AI trade surfaced once again, driving down a swath of related stocks, but other stocks rallied as Treasury yields dropped the most since August 2025, seeing equal-weight vs cap-weight the most extreme since 2024.
Eight of 11 sectors rose and the Dow Jones Industrial Average gained for a third straight day, but another selloff in chipmakers kept the S&P 500 little changed and the Nasdaq in the red on the lightest volume of the year.
An FT report that OpenAI’s revenue is running notably below earlier estimates sent AI shares sharply lower, but beneath the surface most stocks held up as Treasury yields eased and President Trump said the U.S. won’t attack Iran before the midterms.
Bitcoin is sharply higher as a hedge against a weakening dollar.
Equities fall for 6th time in 7 sessions bringing key downside levels closer as breadth deteriorates, oil approaches 4-year highs and long-term yields hit the highest in nearly two decades
Let’s discuss what’s pressuring yields, steps that can be taken, and the beneficiaries so far.
Here’s what caused the rally (and what didn’t) — and where Bitcoin faces its next test.
Two beaten-down names, Super Micro Computer and Strategy, are moving higher. But can the rallies continue?
Persistent buying under Bitcoin’s key support level and improving momentum in Ethereum are shifting my trading bias back to the long side.
Before I get serious about a bottom, I want to see real capitulation. That may mean even the most committed buyer finally cries uncle.
