[Chart courtesy of MarketWatch.com] What a difference a day makes. Yesterday’s euphoric rally turned into today’s sharp reality check, with the major indexes giving back gains in a hurry. The Nasdaq led the retreat as traders continued rotating out of technology and AI-related names and into the relative safety of consumer staples, utilities, and energy. The AI trade took it …
Stocks Surge On Clear Election Outcome, Falling Oil, And A Friendly History Lesson
[Chart courtesy of MarketWatch.com] Stocks came out of the gate with conviction today as investors welcomed a decisive Democratic victory in the midterms and, perhaps more importantly, President Trump’s willingness to accept the results. Markets love many things, but certainty may be their favorite. The combination of a divided Washington, falling oil prices, and easing bond yields gave traders plenty …
Tech Takes The Wheel As Markets Brace For Election Results
[Chart courtesy of MarketWatch.com] Stocks got a lift today as investors tiptoed back into big tech ahead of the midterm elections. The Nasdaq and S&P 500 pushed higher, with the chipmakers leading the charge. AMD, Broadcom, Nvidia, Micron, and Intel all posted solid gains, suggesting the AI trade still has plenty of believers. Apple was the notable exception, slipping after …
Dead-Cat Bounce Or Bullish Setup? Markets Await Apple And Election Results
[Chart courtesy of MarketWatch.com] Stocks came out of the gate with plenty of energy as oil prices tumbled and a few beaten-up tech names found their footing. Traders were clearly positioning for a busy week ahead, with earnings, jobs data, and the midterm elections all competing for attention. The early optimism didn’t last. By the closing bell, dip buyers had …
Risk-On Mood Returns As Oil Slides And Tech Takes Charge
[Chart courtesy of MarketWatch.com] Stocks came into the day with a healthy appetite for risk, led once again by the chipmakers. The S&P 500 and Nasdaq gained ground early and held onto those advances as investors continued piling into AI-related names. Broadcom was a standout, rising more than 3% after financing details emerged around Anthropic’s technology deal, keeping the AI …
AI Trade Gets A Pulse Check As Anthropic Sparks Tech Rally
[Chart courtesy of MarketWatch.com] Stocks came out of the gate strong today, led by a rebound in semiconductors and AI-related names after Anthropic’s IPO filing reignited some enthusiasm for the AI trade. Frankly, the market seemed to need a fresh AI story, much like it needed SpaceX before it. Investors have been talking about this one for ages, and now …