🔥 Wall Street Rollercoaster: Nasdaq Plummets 3.6% Only to Stage a Comeback! Is 7238 the New Short-Term Bottom?
The stock market experienced a wild ride, with the Nasdaq diving 3.6% before bouncing back as the VIX spiked to 23 and then quickly retraced. Escalating tensions in the Middle East and pre-CPI risk-off sentiment fueled the dip, but short covering and bottom-fishing capital drove the index to recover.
Current Market Core Logic: • CPI risks have mostly been priced in already • SpaceX going public this Friday, strong Wall Street support anticipated • Oil prices pulling back, US Treasury yields easing, bolstering the stock market • Tech stock valuations nearing the end of the bubble squeeze • 7238 may become a crucial low point in this correction
In the short term, we’re looking at a rebound, but don’t get too bearish; in the medium term, we still need to watch out for potential rate hikes from the Bank of Japan and the secondary impact from the FOMC meeting on June 17.
How Long Can the AI Bull Run Last? DELL's Earnings Report Has the Answer Subtitle: GPUs Are No Longer Scarce; Storage and Power Grids Are the Next Wealth Keys.
Oil crashes. Crypto bleeds. Liquidity dries up. But AI & SpaceX keep sucking in global capital. Welcome to the age of “localized euphoria, systemic exhaustion.”
The US-Iran talks suddenly revealed significant progress, but the market took a dip as a courtesy: oil prices, gold, BTC, and small caps are all pricing in a new narrative at the same time.