Tuesday’s Tech Bounce Holds as Elections Take the Stage
Semiconductors led a rebound that broke the S&P 500’s three-day losing streak, but the average stock fell.
Chip Rout Sends Nasdaq to Worst Month Since March 2025
Intel’s record drop leads a cascade in chip names with the S&P 500 and Nasdaq seeing their worst session since June, while defensive buying gave the Consumer Staples ETF its best month on record.
AI Selloff Gains Steam Hiding Solid Market Action Beneath the Surface
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.
The Risk of a Bull Trap Is Increasing
The market mood has improved this week, but fundamentals are still under debate.