US stocks just added $1.5 trillion in market cap today. That's not a typo.
S&P 500 up 2.1%, Nasdaq 100 up 3%, Dow up 1.8%. Tech is leading the charge. The S&P is now just 4% away from all-time highs.
Meanwhile, oil is getting crushed. WTI down 3.5%, Brent down 4%. Gold up 1.5%.
This is what a risk-on rotation looks like in real time. Money is flowing back into equities, out of energy. Classic late-stage rally behavior or the start of something bigger? Time will tell, but the momentum is undeniable right now.
S&P 500 up 2.1%, Nasdaq 100 up 3%, Dow up 1.8%. Tech is leading the charge. The S&P is now just 4% away from all-time highs.
Meanwhile, oil is getting crushed. WTI down 3.5%, Brent down 4%. Gold up 1.5%.
This is what a risk-on rotation looks like in real time. Money is flowing back into equities, out of energy. Classic late-stage rally behavior or the start of something bigger? Time will tell, but the momentum is undeniable right now.