Dow Jones hit a fresh all-time high (~50,135–50,219 close/intraday) on Monday, up modestly (+0.04%). S&P 500 gained ~0.5% to ~6,965 (just ~27–30 points from its own record). Nasdaq outperformed (+0.9%) on tech rebound after last week's AI sell-off dip.
Pre-market futures are slightly lower (Dow -0.02% to -0.04%, S&P -0.01% to -0.06%, Nasdaq -0.2%), suggesting a pause/consolidation after the 2-day rally. This could set up for dip-buying if it holds support.
Key drivers: Tech rebound (Nvidia, Broadcom up 2.5–3.3%; Oracle +9.6% on OpenAI upgrade). Broader risk-on tone from Asia (Nikkei +2.3% to new record post-Japan election win for expansionary policies under PM Takaichi).
Upcoming catalysts: US jobs report later this week (White House prepping for softer numbers). Earnings season ramps up—watch for AI/big tech guidance.
Trade ideas: Long dips in Nasdaq/tech leaders if futures hold; fade overextension if we see rejection at highs. International indexes (Japan) outperforming S&P YTD—consider exposure via ETFs for relative strength.
Crypto (Bitcoin Rebound Stalling – Volatility Alert)
Bitcoin bounced sharply from last week's low (~$60,000) to ~$70,000–$71,000 but facing resistance. Sentiment hit fearful levels (lowest since 2022 per some gauges), with low volumes/retail fade.
Broader crypto sell-off eased, but risk-off unwind persists. White House stablecoin meeting today could spark policy headlines (CLARITY Act debates on rewards/interest).
Trade ideas: Scalp the $70k–$71k resistance zone (short if rejection; long breakout toward $75k on volume). Watch for volatility spike from policy news—high risk/reward.
Commodities (Gold Strong, Oil Steady)
Gold volatile but bullish: Rebounded to ~$5,033–$5,070 (near weekly highs after dipping to ~$4,400–$4...
