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What the Stock Market’s Record Highs Are Hiding
Barrons.com10d agobullish
What the Stock Market’s Record Highs Are Hiding

As stocks mark a 100 percentage-point gain from the start of the artificial-intelligence boom and hit all-time record highs, it might seem churlish to sound the alarm about dangers lurking beneath the surface. “ ‘Small vol’ events are going to affect markets with an increased frequency,” wrote Deutsche Bank analysts Luke Templeman and Galina Pozdnyakova in a recent client note. Last month’s effective liquidation at Leopold Aschenbrenner’s Situational Awareness, which saw around $16 billion in public stocks shifted to Citadel in a fire sale event, barely rippled markets.

Tech Stocks Pull Back After Dominating Yesterday's Rally
Barrons.com10d agobullish
Tech Stocks Pull Back After Dominating Yesterday's Rally

Tech stocks were taking a breather during Wednesday's session after leading yesterday's rally. The Nasdaq Composite was down 0.3%, while the S&P 500 fell to the flatline. The second-quarter earnings season is ongoing, and companies that deliver beats on the top and bottom lines have seen muted stock reactions.