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Bitcoin Is Paying the Price for the End of the Dollar Debasement Trade
Barrons.com93d agoneutral
Bitcoin Is Paying the Price for the End of the Dollar Debasement Trade

When betting on the artificial-intelligence trade outpaces gains in the world’s biggest digital currency by more than 200%, you know you’re witnessing a sea change in the global investment zeitgeist. It was less than a year ago, of course, when Bitcoin topped $126,000 amid its long two-year rally that powered the digital currency some 350% higher as investors bet on a dollar debasement trade. “Like Bitcoin and software last October, precious metals in January …things can change quickly,” he added.

💬 Money Quote: Power Rotation
The Wall Street Journal93d agoneutral
💬 Money Quote: Power Rotation

📣 “What we are getting right now is a power rotation. The 10-year Treasury is rallying, and that’s causing rotation into financials and consumer cyclicals. And the Nasdaq is bouncing all over the place because tech is a secular growth story and you don’t need tech as much when oil is at $70.

Why the Dow Is Soaring But the Nasdaq Is Falling
Barrons.com93d agoneutral
Why the Dow Is Soaring But the Nasdaq Is Falling

The stock market is leaving Big Tech stocks in the dust. The Dow surged 733 points, or 1.4%, while the S&P 500 gained 0.3%. The Nasdaq, which was up nearly 1% at the open, was down 0.6%. More than four-in-five S&P 500 stocks were set to close higher, but the Roundhill Magnificent Seven ETF dropped 2%.

💬 Money Quote: Profit Taking
The Wall Street Journal93d agoneutral
💬 Money Quote: Profit Taking

📣 "There are lots of traders there just trying to make a buck, so they follow the momentum and then try to take profits." —Thomas Martin, senior portfolio manager at Globalt Investments, on this morning's market moves.

There Goes the Nasdaq's Rally
Barrons.com93d agobullish
There Goes the Nasdaq's Rally

It is happening again. The Nasdaq, after opening higher and riding a rebound in tech stocks, turned sharply lower. It's exactly what happened on Wednesday. This time, it is down 0.6%. The S&P 500 rose 0.

Here Are Thursday’s Best Wall Street Analyst Research Calls: Brown-Forman, CoreWeave, Intel, JFrog, Keurig Dr. Pepper, Klarna Group, Qualcomm, Shift 4 Payments, and More
24/7 Wall St.93d agoneutral
Here Are Thursday’s Best Wall Street Analyst Research Calls: Brown-Forman, CoreWeave, Intel, JFrog, Keurig Dr. Pepper, Klarna Group, Qualcomm, Shift 4 Payments, and More

Pre-Market Stock Futures: Futures are trading higher this morning, after all the big funds and portfolio managers may have shown their hands on Wednesday, as the tech and chip stocks sell-off resumed after stocks started higher in the morning but faded in the afternoon. The tech sell-off came before Micron Technology (NASDAQ: MU) posted huge ... Here Are Thursday’s Best Wall Street Analyst Research Calls: Brown-Forman, CoreWeave, Intel, JFrog, Keurig Dr. Pepper, Klarna Group, Qualcomm, Shift 4 P

Stock Futures Surge as Micron Earnings Revive AI Trade
Barrons.com93d agobullish
Stock Futures Surge as Micron Earnings Revive AI Trade

Stocks looked set to rally after memory-chip maker Micron’s strong earnings and guidance breathed some life into the artificial-intelligence trade, which has stumbled in recent sessions. Nasdaq 100 futures jumped 2% on Thursday. S&P 500 futures gained 0.7%.

Seoul stocks soar in Asia tech rally after Micron blowout forecast
AFP93d agobearish
Seoul stocks soar in Asia tech rally after Micron blowout forecast

South Korea's Kospi soared more than five percent in a tech-led surge across Asia on Thursday as a forecast-busting earnings report from US chip titan Micron helped traders brush off their latest worries about the AI investment boom.SK hynix jumped around 10 percent and Samsung more than five percent, pushing up the Kospi almost six percent at one point.