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The Dow May Finally Close Above 52,000. Fourth Time's the Charm?
Barrons.com51d agoneutral
The Dow May Finally Close Above 52,000. Fourth Time's the Charm?

The Dow is on track to close above 52,000 for the first time. The blue-chip index was up 214 points, or 0.4%, to 52,060. A close above 52,000 would mark its fourth thousand-point milestone of 2026; the Dow closed above 51,000 18 trading days ago, according to Dow Jones Market Data.

Bitcoin Is Paying the Price for the End of the Dollar Debasement Trade
Barrons.com51d agoneutral
Bitcoin Is Paying the Price for the End of the Dollar Debasement Trade

When betting on the artificial-intelligence trade outpaces gains in the world’s biggest digital currency by more than 200%, you know you’re witnessing a sea change in the global investment zeitgeist. It was less than a year ago, of course, when Bitcoin topped $126,000 amid its long two-year rally that powered the digital currency some 350% higher as investors bet on a dollar debasement trade. “Like Bitcoin and software last October, precious metals in January …things can change quickly,” he added.

💬 Money Quote: Power Rotation
The Wall Street Journal51d agoneutral
💬 Money Quote: Power Rotation

📣 “What we are getting right now is a power rotation. The 10-year Treasury is rallying, and that’s causing rotation into financials and consumer cyclicals. And the Nasdaq is bouncing all over the place because tech is a secular growth story and you don’t need tech as much when oil is at $70.

Why the Dow Is Soaring But the Nasdaq Is Falling
Barrons.com51d agoneutral
Why the Dow Is Soaring But the Nasdaq Is Falling

The stock market is leaving Big Tech stocks in the dust. The Dow surged 733 points, or 1.4%, while the S&P 500 gained 0.3%. The Nasdaq, which was up nearly 1% at the open, was down 0.6%. More than four-in-five S&P 500 stocks were set to close higher, but the Roundhill Magnificent Seven ETF dropped 2%.

💬 Money Quote: Profit Taking
The Wall Street Journal51d agoneutral
💬 Money Quote: Profit Taking

📣 "There are lots of traders there just trying to make a buck, so they follow the momentum and then try to take profits." —Thomas Martin, senior portfolio manager at Globalt Investments, on this morning's market moves.

There Goes the Nasdaq's Rally
Barrons.com51d agobullish
There Goes the Nasdaq's Rally

It is happening again. The Nasdaq, after opening higher and riding a rebound in tech stocks, turned sharply lower. It's exactly what happened on Wednesday. This time, it is down 0.6%. The S&P 500 rose 0.