The Nasdaq rose more than 1% today, but I think the real trouble is still in the bond and oil markets!
Tech stocks bounced back a bit, but the Dow didn’t follow. The Nasdaq closed up 1.11%, the S&P 500 gained 0.41%, and the Dow edged down 0.07%. Sandisk rose more than 5%, Amazon gained nearly 5%, and Micron also climbed. The semiconductor sector finally ended an eight-day losing streak. It looks like investors are buying AI-related stocks again, but I’m not convinced this rebound is solid. CoreWeave surged 7% at one point after Goldman Sachs upgraded its rating, only to give those gains back by the close. The S&P 500 barely managed to get above its 50-day moving average, and the resistance overhead hasn’t really been cleared. The real concern is the macro picture.
WTI crude is back above $103, up more than 2% on the day, with Middle East supply risks still in play. When oil prices rise, inflation expectations rise with them. The 10-year Treasury yield climbed to around 5.13%, up roughly 4 basis points on the day.
Heavy corporate bond issuance, combined with unrest in France, has also brought European debt risks back into focus, and credit spreads are widening. Spot gold fell to around $4,180, while Bitcoin fluctuated near $82,000. My view is straightforward: tech stocks are just recovering some lost ground, bonds are reflecting risk, and crude oil is reflecting geopolitical tensions.
These three are all moving in different directions, so this rebound is just a partial recovery—not a broad improvement in the overall trend. A rising Nasdaq doesn’t mean everything is fine. Until oil and bonds stabilize, this modest bounce in tech stocks could easily reverse. I’m paying more attention to WTI and the 10-year yield now; they’re far more useful indicators than stock charts.
#韩国KOSPI指数跌超2% #加密金库存款超100亿美元
Tech stocks bounced back a bit, but the Dow didn’t follow. The Nasdaq closed up 1.11%, the S&P 500 gained 0.41%, and the Dow edged down 0.07%. Sandisk rose more than 5%, Amazon gained nearly 5%, and Micron also climbed. The semiconductor sector finally ended an eight-day losing streak. It looks like investors are buying AI-related stocks again, but I’m not convinced this rebound is solid. CoreWeave surged 7% at one point after Goldman Sachs upgraded its rating, only to give those gains back by the close. The S&P 500 barely managed to get above its 50-day moving average, and the resistance overhead hasn’t really been cleared. The real concern is the macro picture.
WTI crude is back above $103, up more than 2% on the day, with Middle East supply risks still in play. When oil prices rise, inflation expectations rise with them. The 10-year Treasury yield climbed to around 5.13%, up roughly 4 basis points on the day.
Heavy corporate bond issuance, combined with unrest in France, has also brought European debt risks back into focus, and credit spreads are widening. Spot gold fell to around $4,180, while Bitcoin fluctuated near $82,000. My view is straightforward: tech stocks are just recovering some lost ground, bonds are reflecting risk, and crude oil is reflecting geopolitical tensions.
These three are all moving in different directions, so this rebound is just a partial recovery—not a broad improvement in the overall trend. A rising Nasdaq doesn’t mean everything is fine. Until oil and bonds stabilize, this modest bounce in tech stocks could easily reverse. I’m paying more attention to WTI and the 10-year yield now; they’re far more useful indicators than stock charts.
#韩国KOSPI指数跌超2% #加密金库存款超100亿美元