Dip-Buyers Rescue Stocks (ish) From Bond Bloodbath Ahead Of NVDA Earnings; Oil Up, Gold Down
Tl;dr: The acceleration of UST yields (to 19 year highs) briefly broke the spell of AI Capex today (there's still a lot of questions about supply) sending stocks lower (AI/Semis/Momo worst), but 0-DTE traders stepped in to put some lipstick on the pig of a day after Europe closed (but stocks ended lower). Oil was up from last night's lows (but below yesterday's highs). Bitcoin bounced back from early ugliness as the dollar raced back above its 200DMA (six week highs) dragging gold lower.
Gotta keep the dream alive for one more day into NVDA earnings (or SpaceX IPO)...
