market analysis

UNH's surge led the Dow and spilled over into insurance stocks. FSLR bought on Sunrun earnings, NU/ZETA continued to buy beats and raises, and LYFT restored supply/demand on improved governance, including a single voting unit.

PPI rises and interest rates rise, but indexes are still small. DLO surged +31% on strong earnings, while small and mid-cap growth backed by real demand such as CRML and ONDS were widely speculated. The day was marked by a broad range of themes from fintech to advanced manufacturing to strategic minerals, with a sense of short-term overheating and expectations of medium-term trends coexisting.

Industrial AI and automation-related (CRNC, OUST), backed by earnings, took center stage due to a combination of lower interest rates and a weaker dollar. Space (MNTS) and materials/biotech (DNA, AREC) are also attracting short-term funds, and the cyclical tone across themes is strengthening.

CPI was in line with expectations, interest rates were stable, and the S&P 500 and NASDAQ hit all-time highs at the same time. Sea, Life360, Jumia, and Ondas were the main players on the earnings beat; CATL reports continued yesterday, and lithium-associated highs spilled over into materials.

U.S. stocks slightly lower on the eve of CPI, but supply/demand concerns spike on news of lithium mine shutdown by China's CATL. Semiconductors and resource stocks led the rally.

On August 7, 2025, the NASDAQ hit a new high on Apple's investment report, while the S&P 500 was slightly lower. The yield on the 10-year U.S. Treasury note rose to 4.34% and the dollar remained strong, while oil fell to the $63 level and gold weakened. The selective risk-on trend continued, with money going into high-tech stocks and Japanese and European business-sensitive stocks, despite high interest rates and a strong dollar.

On August 7, 2025, the NASDAQ hit a new high on Apple's investment report, while the S&P 500 was slightly lower. The yield on the 10-year U.S. Treasury note rose to 4.34% and the dollar remained strong, while oil fell to the $63 level and gold weakened. The selective risk-on trend continued, with money going into high-tech stocks and Japanese and European business-sensitive stocks, despite high interest rates and a strong dollar.

On August 5, 2025, U.S. stocks were slightly lower due to stagnation in the U.S. service sector and tariff concerns. The dollar strengthens and the US long-term interest rate advances to the 4.21 TP3T level, while oil continues to fall to the $66/bbl level. European and Asian stocks are steady and selective risk-on continues.

On August 5, 2025, U.S. stocks were slightly lower due to stagnation in the U.S. service sector and tariff concerns. The dollar strengthens and the US long-term interest rate advances to the 4.21 TP3T level, while oil continues to fall to the $66/bbl level. European and Asian stocks are steady and selective risk-on continues.

After the previous day's sharp decline, the S&P 500 and NASDAQ rebounded, up 1.47% and 1.95%, respectively, on renewed speculation of a Fed September rate cut. The U.S. dollar softened on lower U.S. interest rates, and gold was slightly higher. Crude oil continued to fall on OPEC+ production hike speculation, while funds selectively flowed into high-tech and safe-haven assets.