SOXL

NVDA

NVDL

<p>Comprehensive cooling of US inflation, betting on a rate cut in September driving US stock rotation, S&P Nasdaq ends seven-day rally, Tesla plunges by 8.4% marking its worst performance in nearly half a year and ending an 11-day rally, Nvidia falls by 5.6%, chip stocks index drops by 3.5%. Russell 2000 small-cap stocks rise by 3.6% hitting the best level since November last year and the highest in two and a half years, the worst-performing real estate sector this year sees its biggest increase. US bond yields see a double-digit drop across the board, the US dollar records its deepest decline in two months. The yen briefly rises by 2.6%, marking the largest increase since the end of 2022, anonymous officials confirm government intervention in the currency market</p>

- US inflation in June unexpectedly cooled down, with overall CPI month-on-month growth turning negative for the first time in four years. The currency market anticipates a 25 basis point rate cut in September, with expectations of three rate cuts within the year.
- US bonds, the dollar, and gold experienced significant volatility post-data release. The Nasdaq and Nasdaq 100 plummeted, diverging from the S&P 500 hitting new intraday highs, while the Russell 2000 surged. The US dollar index dropped from a high of 104.99 to a low of 104. Pound to dollar hit a one-year high.
- Treasury yields from 2 to 30 years dropped over 10 basis points intraday, steepening the yield curve. Gold broke through the $2400/ounce mark for the first time since May 22, rallying over 2% intraday. The yen surged, possibly influenced by market positioning due to Fed rate cut bets rather than Japanese government intervention.

Wallstreetcn

VanEck Semiconductor ETF

Direxion Semicon Bull 3X

NVIDIA

GraniteShares 2x Long NVDA Daily ETF

Nasdaq fell nearly 2%, with the "Seven Sisters" seeing the largest sell-off in a year and a half, while small caps and Chinese concept stocks surged, and US Treasury bonds soared