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Last night U.S. stocks: Dow Jones was popping champagne🍾, Nasdaq was still in the emergency room 😂
Dow Jones: up 1.14%, fresh record high—I'm the brightest one tonight 🥂 S&P: barely moved; I'll wait and see 👀 Nasdaq: down 0.8%, tech bros got beaten again 🫠
**What’s outrageous: about 70% of S&P stocks rose, yet the semiconductor index fell another 5.4%. SanDisk down 14.1%、Micron down 5.5%、NVIDIA down 1.4%;
Tesla’s deliveries came in well above expectations, and the stock price still fell 7.5%. Market: Solid earnings? Funds: Got it—sell first, we’ll take a break 🤡**
Gold is back above $4,100, and BTC is back above $61k after the nonfarm payrolls. It’s not that the money is completely running away—it’s just relocating out of crowded AI tech stocks.
The question now is: is this a normal seat shuffle, or is the music about to stop?