Caught some interesting market moves yesterday. Tech stocks were absolutely crushing it, with AI chip makers and semiconductor names leading the charge. Nvidia's earnings are a big deal right now, and there's serious anticipation around those numbers. The S&P 500 climbed 0.81% and Nasdaq 100 jumped 1.41%, hitting fresh highs. Feels like the market's betting on strong AI processor demand.

What's wild is the crypto-exposed stocks rallied hard too. Bitcoin surged over 7% and is now trading around $76.41K, which sent Coinbase and the mining stocks flying. Coinbase popped more than 13%, and MicroStrategy jumped over 8%. That kind of move usually catches people's attention.

On the policy side, there's a lot of noise around tariffs and geopolitical tensions. Trump's 10% global tariffs kicked in, with talk of pushing it to 15% soon. Plus there's the whole Iran situation heating up again, which always makes investors nervous. The Fed's messaging remains that rates are near neutral, and honestly, the market's barely pricing in any rate cuts at the next minit meeting on March 17-18.

Earnings season is wrapping up and the numbers have been solid overall. About 74% of S&P 500 companies beat expectations, which is helping support the rally. The mortgage market cooled a bit though, with the 30-year fixed rate dropping to 6.09%, but purchase applications are still soft. Homebuilders got hit because Trump didn't announce housing initiatives in his speech.

Software stocks also had a good day. Thomson Reuters, Intuit, and some of the AI infrastructure plays all pushed higher. Meanwhile, some of the consumer stocks like Diageo are struggling with weak demand. If you're watching the minit meeting calendar, there's definitely some anticipation building ahead of the next policy decision.