The Dow casually cleared 51k, Robinhood is somehow an AI trade now, and we are all staring at Wednesday's Broadcom print like the whole rally depends on it
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Evening brief: The Dow casually cleared 51k, Robinhood is somehow an AI trade now, and we are all staring at Wednesday's Broadcom print like the whole rally depends on it
The market is an absolute juggernaut, with the Dow breaking 51,000 for the first time as tech carried the indexes to fresh all-time highs. ServiceNow skyrocketed 14% following a massive Experian partnership for agentic AI workflows and a BofA upgrade, capping a historic monthly rally. Robinhood spiked 11% as its narrative shifted beyond crypto, fueled by AI agentic trading and explosive engagement buzz around new Trump Accounts. Microsoft popped 5% after revealing a massive $37 billion AI revenue run rate and leaking plans to build cheaper in-house AI models. All eyes shift to Broadcom earnings this Wednesday, with options markets bracing for volatility as Wall Street anticipates 140% AI revenue growth.
Posture: Holding steady. The market is a juggernaut with the Dow at 51k, but froth is high; we are letting winners ride while avoiding FOMO.
Tickers in focus: DIA, HOOD, AVGO
Upcoming earnings
The day's moves on the ledger
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