I think bitcoin’s new low merely reflects the movement of funds to other areas like AI, aerospace and resilience areas such as healthcare. There is no reason to put money in bitcoin and other cryptocurrencies when in the near term there are clear stocks that can almost guarantee good returns for the next 1-2 years.
With the US market being resilient, I think market fears rate hikes which would impact tech and AI stocks. Market has pulled back slightly on Friday in a knee jerk reaction. Market taking a breather now is also expected as the rise this year has already cause many of the indices to hit 52 week highs.
I think the market has mostly priced in the oil prices and potential of inflation being sticky but market always reacts to the potential for rate hikes. As long as there is no stagflation, market has priced it in. A stagflation is the real killer but maybe avoided if AI can truly lead to structural changes in the economy with increase productivity and job generation.
US-Iran Deal Sends Dow to Record High: Bull Market Fully Back?
The Nasdaq QQQ surged 3.14% and the Dow Jones hit an all-time high, as a triple catalyst of U.S.-Iran deal, peace expectations, and SpaceX optimism drove broad risk-on buying. Semiconductors led — SOXL +16.12%, AMD +6.98%, Nebius +11.93% — completely erasing last week's epic deleveraging panic. Yet skeptics warn "the world thinks the war is over, but it isn't," and that "every concern about the AI trade is real, just not yet a catalyst." From crash to euphoria in a single week — will you go all-in, or keep some powder dry in case the mood turns?
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