#纳指创历史新高
The Nasdaq is hitting fresh highs—has risk appetite come roaring back again?
The Nasdaq has set a new all-time high. AI and chips continue to lead the charge, and $AMDB has even pushed into the trillion-dollar market-cap club. Oil prices have eased, but the yield on the 10-year U.S. Treasury remains elevated. This rally doesn’t look like it’s driven simply by “cheap money”—the market is still scrambling to play the AI growth card.
With U.S. tech so hot, Crypto is starting to make moves too. BTC is back above $86,000, and daily net inflows into U.S. spot BTC ETFs are close to $1 billion. ETH ETFs have also seen inflows of about $270 million.
So here’s the question: U.S. stocks have already called out new highs—while BTC is still catching its breath halfway there.
Risk appetite really has returned, but the first stop for capital is still assets with earnings support, like AI and chips. Crypto right now feels more like it’s in catch-up mode, following the initial rally.
If we’re to keep looking for upside from here, we need to see whether this wave of capital can spread beyond U.S. tech—first into BTC, and then into ETH and altcoins. Once money starts hunting for yield further out, that’s when the real story will play out.
The Nasdaq is hitting fresh highs—has risk appetite come roaring back again?
The Nasdaq has set a new all-time high. AI and chips continue to lead the charge, and $AMDB has even pushed into the trillion-dollar market-cap club. Oil prices have eased, but the yield on the 10-year U.S. Treasury remains elevated. This rally doesn’t look like it’s driven simply by “cheap money”—the market is still scrambling to play the AI growth card.
With U.S. tech so hot, Crypto is starting to make moves too. BTC is back above $86,000, and daily net inflows into U.S. spot BTC ETFs are close to $1 billion. ETH ETFs have also seen inflows of about $270 million.
So here’s the question: U.S. stocks have already called out new highs—while BTC is still catching its breath halfway there.
Risk appetite really has returned, but the first stop for capital is still assets with earnings support, like AI and chips. Crypto right now feels more like it’s in catch-up mode, following the initial rally.
If we’re to keep looking for upside from here, we need to see whether this wave of capital can spread beyond U.S. tech—first into BTC, and then into ETH and altcoins. Once money starts hunting for yield further out, that’s when the real story will play out.