Chips just ran the tape — everything else was background noise.
Chips just ran the tape — everything else was background noise. INTC up 10.64%, sitting at 133.99. Biggest move on the board, no debate. AMD up 4.86% to 537.37 — semis had a session. Broadcom up 4.7% at 411.35, quiet but consistent. Nvidia up 2.95% to 210.69, still printing. Amazon up 2.9% at…
Transcript
Chips just ran the tape — everything else was background noise.
INTC up 10.64%, sitting at 133.99. Biggest move on the board, no debate. AMD up 4.86% to 537.37 — semis had a session. Broadcom up 4.7% at 411.35, quiet but consistent. Nvidia up 2.95% to 210.69, still printing. Amazon up 2.9% at 244.39, cloud narrative intact.
The losers were short and sharp. JPM down 2.47% to 325.22 — financials got nothing today. Salesforce down 2.09% at 151.78, soft. Exxon off 2.08% at 137.81, energy had no bid.
Semis dominated. Financials and energy absorbed the selling. Clean rotation, nothing complicated.
QQQ up 2.51%. IWM up 1.97%. SPY up 0.78%. DIA down 0.15%. Tech carried the index. Dow sat it out — industrials and old economy didn't show up.
VIX at 16.78. Not alarmed. Gold down 1.21% — risk-on flows pulled money out of the safety trade. That's a consistent read with everything else you saw today.
META up 1.7% at 577.22. GOOGL up 1.17% at 368.03. Neither headline-grabbing on their own, but big-cap tech moving in the same direction as semis tightens the rotation story — this wasn't just one pocket running.
No earnings. No economic calendar. Asian markets unavailable. Nothing scheduled to disrupt the open.
The setup heading into next week: semis are leading, small caps participated, the Nasdaq logged a strong session. The Dow diverging negative while growth rips is a spread worth watching. VIX staying mid-teens suggests the market isn't pricing panic — but it's not complacent either.
Numbers don't lie. People do. Trade accordingly.