Vilius Mikelskis
Lithuania
5m
Edited
Markets Update The market rally continued today, with QQQ logging its 12th gain in the last 14 trading sessions. The big catalyst was news that (@NVDA) will invest $100B into OpenAI and help build new data centers. This sent NVDA and most of the tech sector higher — with the biggest boost seen in the so-called “Neo-Cloud” names like @NBIS, @CRWV, and @IREN, which are set to directly benefit from this massive spending wave. Both major exchanges continue to push to new highs, and FOMO indicator is sitting at a neutral but elevated 58%. That’s generally a healthy reading, but we should stay alert — strong rallies can quickly breed complacency. When leadership is concentrated in a few mega-cap stocks, FOMO readings may understate risk. One thing I’m watching closely is the VIX. Normally, as the S&P 500 rises, the VIX falls. But right now, both are rising together — a rare dislocation. This means the options market is pricing in higher volatility even as stocks move up. We saw the same signal earlier this week, and it’s often a sign to be cautious in the near term, especially after such a sharp move higher. Finally, a heads-up: Fed Chair Powell speaks today at 12:35 PM, and markets will be listening carefully for clues on rates and policy direction.
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