US markets grinding higher today—tech carrying the load as AI hype comes roaring back and oil finally takes a breather.
$SPX +0.7–0.9% (~7,680–7,693)
$DJI +0.2–0.3% (~52,320–52,400)
$NDX +0.9–1.2% (~26,200–26,300)
What's pumping?
Anthropic IPO filing rumors just dropped rocket fuel on AI plays. $NVDA and chip names catching bids. $TSLA ripping ~6% on a Barclays upgrade.
Oil cooling off—WTI ~$101–102, Brent ~$110–112. Down from Friday's levels, giving inflation bears something to work with.
10Y yield still pinned near 5%. Gold holding $4,030–$4,040.
All eyes on Wednesday's Fed decision, Big Tech earnings, and whether AI capex guidance justifies these valuations. Middle East still a wildcard.
Markets bouncing, but oil's elevated, yields are sticky, and AI multiples are stretched.
Real question: can earnings back up the hype or are we pricing in perfection?
$SPX +0.7–0.9% (~7,680–7,693)
$DJI +0.2–0.3% (~52,320–52,400)
$NDX +0.9–1.2% (~26,200–26,300)
What's pumping?
Anthropic IPO filing rumors just dropped rocket fuel on AI plays. $NVDA and chip names catching bids. $TSLA ripping ~6% on a Barclays upgrade.
Oil cooling off—WTI ~$101–102, Brent ~$110–112. Down from Friday's levels, giving inflation bears something to work with.
10Y yield still pinned near 5%. Gold holding $4,030–$4,040.
All eyes on Wednesday's Fed decision, Big Tech earnings, and whether AI capex guidance justifies these valuations. Middle East still a wildcard.
Markets bouncing, but oil's elevated, yields are sticky, and AI multiples are stretched.
Real question: can earnings back up the hype or are we pricing in perfection?