Aleksandra Jensen @RainbirdFx: "Good afternoon, ladies and gentlemen The..."

Denmark

Good afternoon, ladies and gentlemen The market didn’t just wake up nervous — it woke up conflicted. After the Supreme Court setback, tariffs were lifted from 10% to 15%. The timing is interesting. Earlier this year, every political move seemed designed to stabilize equities. Now? Not so much. One interpretation gaining traction: lower markets create a narrative. If equities weaken after the court decision, the argument becomes simple — “See? The problem isn’t policy, it’s the Supreme Court.” Whether that’s the intent or not is secondary. What matters is that markets are sensing less protection and more pressure. And that’s hitting at the same time as a serious AI repricing. We’ve gone from “AI is infinite growth” to “AI might compress demand” in a matter of weeks. Nearly $800 billion evaporated in one session. This wasn’t about bad earnings. It was about fear of structural consequences: Machines get more efficient → fewer workers needed → income pressure builds → consumption slows → earnings expectations adjust. In a U.S. economy that’s ~70% consumption-driven, that feedback loop suddenly matters. Now to the charts. The $NSDQ100 dropped to 24,605 and is currently around 24,790. The $SPX500 flushed to 6,818 and sits near 6,850. Yes, we’re bouncing — but it feels tactical, not structural. Financials are breaking moving averages. Credit card names sold off. Software remains under pressure. This is no longer narrow — breadth is thinning. And now comes the next catalyst: $NVDA (NVIDIA Corporation) reports tomorrow after the close. Normally, that would be the cavalry for this market. But here’s the issue: expectations are still enormous. Even a “good” report might not be enough if guidance doesn’t expand the AI narrative further. When positioning is stretched and confidence fragile, “good” sometimes equals “sell the news.” If NVIDIA can’t re-ignite risk appetite, the market may interpret that as confirmation that the AI trade needs a deeper reset. Add geopolitical tension, tariff escalation, and political uncertainty — and you get a fragile setup. Not 2008. Not a crash call. But definitely not blind euphoria anymore. As long as NASD struggles below 25,000 and SPX below 6,900, upside looks like positioning relief rather than real accumulation. So this bounce needs proof before we can expect it to last Strong breadth. Real volume. Leadership returning. Otherwise, we stay cautious. Because in this environment, “hope” is not a strategy — and even a strong earnings hero might not be enough to rescue sentiment. Let’s see what tomorrow brings. I wish you all a nice and profitable day ahead and all the best A www.breakingthenews.net/Article/Europe-opens-lower-with-tariffs-Ukraine-in-focus/65731097