Market Volatility 2025: Trump’s Wild Card Year

A violent rotation into staples, healthcare and utilities has lifted Walmart, P&G and Coca-Cola as fears grow that the AI bull market may be over.

The S&P 500 rose 2.35% for its best day since April 8 as oil fell and chips rebounded, while the Fed’s Goolsbee flagged inflation risk before CPI.

Goldman data show hedge funds net-sold tech at roughly a record pace last week and dumped U.S. industrials at the fastest rate since April 2020.

Nvidia perpetual futures on Hyperliquid fell to $180.15 on $200 million of volume Sunday, as perps, Kalshi and premarket options priced the Huang scandal.

Treasury yields were little changed to slightly higher as investors awaited Tuesday’s CPI, which is expected to show October inflation rising to 3.9%.

The Dow climbed over 800 points and the Nasdaq rose 2.4% as oil fell and chipmakers rebounded, while Nvidia sank and Citi downgraded US tech to neutral.

S&P 500 futures rose 0.4% and Asian stocks rebounded from an 18-month-worst drop as markets steadied, with Nasdaq 100 futures flat after the Nvidia news.

Berkshire Hathaway hired Mizuho and BofA for a benchmark yen bond, its first Japan offering since a ¥272.3 billion ($1.7 billion) deal in April.

Alphabet is weighing debut Hong Kong and Singapore dollar bond sales as soon as this month, as AI spending fears widen tech credit spreads.

JPMorgan, Citadel, UBS predicted post-election rally (clearing event thesis; cash redeployment). Materialized Wed (+). Thursday inverted: Nasdaq -$2.3T, S&P -4.4%, all sectors red. Goldman busiest Wed, "exact opposite"...