U.S. stocks in a nutshell:
$QQQ Yesterday’s hotter-than-expected CPI sent the Nasdaq down again. The market’s concern now isn’t just inflation lasting a day or two, but whether the Fed will turn hawkish again. In the short term, let’s see if things can stabilize—don’t rush to buy the dip!

$SPY The market had just started to show signs of a rebound, but inflation data poured cold water on it. Today, the key is whether yesterday’s low can hold. If it doesn’t, the pullback may not be over yet.

$SOXX.ETF Semiconductors are now a barometer of market sentiment. When the broader indexes weaken, chip stocks can hardly stand on their own. First, let’s see if money flows back in—don’t mistake an oversold bounce for a trend reversal.