- The rally remains narrow: S&P 500 +0.7% versus Nasdaq 100 +1.4%, with chips and AI hardware leading while equal weight gained only 0.1%.
- Earnings drove dispersion: UPS rose 5.9% after raising revenue guidance to about $92.6B, while Boeing fell 10.8% on a wider loss and slower production ramp.
- The author is keeping size small and not chasing before the Fed and major technology earnings; S&P 7,626 is the key line, with a weekly close below it signaling seller control.
- BTC recovered above $80K but still lags Nasdaq; the author considers it heavy and is not interested until crypto shows clearer direction.
Investment pitches
filter:
63