Hey, here’s the real story for today.
U.S. markets ticked up to fresh highs, gold surged amid Fed turbulence, and money managers like ARK just dropped big bets on AI and mining, signaling where confidence is landing.
Equities Edge Up
The S&P 500 and Nasdaq reached new record highs, with the Dow also making modest gains. Investors are pressing pause on Fed fears, riding Nvidia’s AI momentum and clarity on rate-cut expectations. Tech stocks led the move, even amid questions over sector valuations.
Gold Roars Back
Gold hit its highest level in over two weeks, climbing to $3,443 per ounce. Investors are piling in on safe-haven demand, spooked by ongoing Fed uncertainty and political pressure over central bank independence. Gold is back as the insurance trade in an unpredictable landscape.
Whale Moves: ARK’s AI + Mining Push
Cathie Wood’s ARK ETFs made big moves today, buying nearly $17M in Bitmine Immersion Tech and boosting its stake in CRISPR Therapeutics and Intellia, signaling confidence in next-gen biotech and crypto mining names. That’s bold in a market craving conviction.
Final Word
Today was about real conviction, not chatter. Equities held the high ground. Gold reminded us it still matters. And ARK’s buys? A subtle hint to follow where the big money is placing bets.