US Equities Color Chase

US equities saw a momentum-driven surge in semiconductors and memory stocks like MU (+19%), while NVDA lagged in a 'sell-the-news' trend. Despite the rally, institutional participation was low, with retail and quants driving the 'spot up, vol up' activity.

Key Takeaways

• 1.Semiconductors and Memory stocks surged 5% on strong retail demand and follow-through from Korean markets, despite a lack of institutional participation.
• 2.Nvidia (NVDA) continues to underperform relative to the sector, experiencing a 'sell-the-news' dynamic following its earnings report.
• 3.Market dynamics featured a 'spot up, vol up' environment led by the Nasdaq 100 and Russell 2000, with Micron (MU) outperforming dramatically (+19%).

Table of Contents

• Notice to Australian Investors
• Additional Disclaimers
• Notice to Brazilian Investors
• Notice to Investors in the European Economic Area
• Notice to Investors in Korea
• Notice to Investors in Japan
• Notice to Investors in New Zealand
• Notice to Investors in Switzerland

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