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U.S. Indexes rebounded to start the week as AI concerns eased over the weekend, although breadth was poor outside of AI names. As such, hyperscaler and mega-cap names drove gains within Tech and Consumer Discretionary (AMZN +5%, named a top pick at MS), while...
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U.S. Indexes were sold across the board on Friday, with the NASDAQ 100 underperforming as the rout in technology, AI, chip and memory stocks continued. Reports that Anthropic’s valuation expectations had been lowered to USD 1.5 trillion from USD 2 trillion added...
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U.S. Indexes closed lower on Wednesday, with initial pressure following the hotter-than-expected US CPI report, particularly in the core metrics. Meanwhile, AI concerns continued to mount, with further weakness in memory stocks, while concerns over AI-related...
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U.S. Indexes closed mixed, as the tech-heavy Nasdaq 100 lagged and was once again weighed on by losses in memory names, highlighted by the memory ETF DRAM closing with losses in excess of 3%. The move follows a sharp decline in the Kospi overnight, following...
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U.S. Indexes were closed Monday for the Columbus Day Bank Holiday. The only news of note was a speech from Fed Member Hammack: Treasury rates right now are “modest” by historic standards. If the economy were to return to a 3% home mortgage it would likely mean...
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U.S. Indexes closed higher on Friday, with tech names putting Thursday’s Financial Times article on Open AI in the rearview. Real Estate, Consumer Discretionary, and Healthcare outperformed, meanwhile, Communications underperformed following SpaceX competition...
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