🟢 5.14 | M-Point U.S. Daily Brief
1/ Yesterday’s Recap
• U.S. stocks pushed higher again, but gains weren’t broad-based. S&P 500 +0.58%, Nasdaq +1.2%, both closed at record highs. Dow slipped slightly, Russell 2000 was mostly flat.
• PPI came in hot, but tech held up. Markets are balancing two forces: inflation pressure vs. AI valuation resilience.
• Stocks rallied, bonds didn’t. 10Y Treasury yields approached 4.5%, while the 30Y auction yield moved above 5%.
• AI remained the main driver. $SOXX.M +2.37%, $NVDA.M +2.33%. Financials and utilities lagged as flows stayed concentrated in tech.
2/ Today’s Watchlist
• Retail Sales (8:30 ET): Can consumers keep spending in a high-price environment?
• Treasury Yields: Can the 10Y stay below 4.5%?
• Semis: Watch $QQQ.M $SOXX.M $NVDA.M. If semis stay strong despite high yields, the AI trade still has support.
• $CBRS.M IPO: Cerebras debuts on Nasdaq today at $185, above the previous $150–160 range. Now the market tests whether AI demand can hold up in secondary trading. 👀
Today’s real question isn’t whether indexes hit new highs again — it’s whether AI buying momentum can continue after the CBRS debut.
Full report details 👇
https://t.co/I6PWCQNnII
#MSX #OnChain #MacroAnalysis #AI #NVIDIA #CBRS #IPO
@msxcom B+E,true,My mom has been looking at her phone to fall asleep lately. I hope she can put it down and get a good night's sleep on Mother's Day.#MSX