U.S. equities are rallying hard: the S&P 500 +1.14% at 7,638, the Nasdaq +1.69% at 26,418, the Dow +0.62% at 51,780. The VIX sits at 15.5 (-12.6% today), inside its normal range.
The 10-year Treasury yield is easing at 4.95% — the number behind mortgage rates and Washington's interest bill. The dollar index is at 100.2 (-0.1%). Elsewhere: gold down 0.1% at $4,385/oz; WTI crude down 1.2% at $101.22/bbl; Bitcoin at $76,466 (+0.4%).
Among big names, SMCI leads gainers at +9.50%, while CRM lags at -2.99%. Rate moves and energy prices feed straight into the political fight over inflation — match this against the headlines above.