#NasdaqDowWeeklyGapWidestSinceJuly2002
đ Dow Up, Nasdaq Down: The Biggest Split in 24 Years
đ Week ended Oct 16: the Dow rose 0.7% to 52,002 while the Nasdaq fell 4.5% to 26,140.
đ That roughly 5-point gap is the widest weekly Dow vs Nasdaq split since July 2002.
đ S&P 500 lost about 2% to 7,659; the VanEck chip ETF dropped 10%, its worst week since April 2025.
â ïž CoreWeave led the rout, down about 25% on the week as its debt reached $51B.
đ Money rotated out of debt-funded AI names and into blue chips; VIX topped 22 for the first time since June.
What it means for crypto: $BTC held near $81.7K through the selloff, but rotation away from high-beta assets is usually a headwind, not a tailwind. The Fed decision on Oct 27â28 is the next big test.
Is this a healthy rotation or the start of a broader risk-off? đ
$BTC $ETH
#NasdaqDowWeeklyGapWidestSinceJuly2002 #CryptoNews #Macro #Stocks
đ Dow Up, Nasdaq Down: The Biggest Split in 24 Years
đ Week ended Oct 16: the Dow rose 0.7% to 52,002 while the Nasdaq fell 4.5% to 26,140.
đ That roughly 5-point gap is the widest weekly Dow vs Nasdaq split since July 2002.
đ S&P 500 lost about 2% to 7,659; the VanEck chip ETF dropped 10%, its worst week since April 2025.
â ïž CoreWeave led the rout, down about 25% on the week as its debt reached $51B.
đ Money rotated out of debt-funded AI names and into blue chips; VIX topped 22 for the first time since June.
What it means for crypto: $BTC held near $81.7K through the selloff, but rotation away from high-beta assets is usually a headwind, not a tailwind. The Fed decision on Oct 27â28 is the next big test.
Is this a healthy rotation or the start of a broader risk-off? đ
$BTC $ETH
#NasdaqDowWeeklyGapWidestSinceJuly2002 #CryptoNews #Macro #Stocks