Happy Thursday! Markets are at record highs, however, smart money and fast money are moving in opposite directions. Get the signals and see which side is calling the next move correctly.

And tech stocks are surging at a pace not seen since the aftermath of the dot-com crash, putting today’s rally in rare historical company. Is this the start of another sustained bull run, or a warning signal hiding in plain sight? Dive into the data to see what history suggests happens next.

Plus, if you’re looking to actively trade the volatility around AI and big tech, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• SPONSORED CONTENT

Smart Money vs. Fast Money — Who’s Right As Markets Hit Record Highs?

The S&P 500 is hitting record highs, but the investors you’d expect to fuel the rally are stepping aside as institutions and corporate buybacks cool off.

At the same time, hedge funds are leaning in and chasing momentum in a way that often signals a shift and patterns only seen at pivotal market moments.

Dive deeper into what’s really driving the divergence and what it means going forward.

Trade Your Convictions About AI Across Varying Concentration Levels With Direxion’s ETFs

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Yesterday: U.S. indexes closed at record highs Wednesday, with the S&P 500 and Nasdaq both advancing as investors responded positively to a ceasefire extension between the U.S. and Iran. However, geopolitical tensions remain high as reports state that Vice President JD Vance paused travel plans for peace talks due to a lack of commitment from Iran. Energy markets continued to signal strain, as oil prices move higher as the Strait of Hormuz remains disrupted and the U.S. blockade continues. Lastly, with earnings in full swing, a number of notable companies saw their shares tumble with IBM and ServiceNow being some of the top laggards. Meanwhile, Tesla, reversed earlier gains to finish lower after warning of substantially higher capital expenditures going forward.

On Our Radar: Analysts will be paying attention to the latest S&P flash U.S. services and manufacturing PMI readings for signals on business activity and economic momentum. On the earnings front, all eyes will be on Procter & Gamble (PG) which will report before the market opens on Friday.

Shares of Micron (MU), Sandisk (SNDK), and GE Vernova (GEV) were flying high, while United Airlines (UAL), Booking Holdings (BKNG), and TE Connectivity (TEL) were among the top laggards on the day. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Wednesday. 

See how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Power Shift: A new Amazon-Anthropic $100 billion mega-deal is raising eyebrows across Silicon Valley — and Nvidia investors may not like what comes next. Here’s all the details.

Earnings Whiplash: Shares of Tesla initially jumped after earnings on a profit beat and AI/robotaxi hype, but the rally quickly faded. Read on to see what Elon Musk said that changed sentiment so fast.

Rough Seas: Cruise stocks may look steady on the surface, but beneath the waves Wall Street is unleashing a new storm of analyst price target cuts. Click to see how deep the downgrades are going.

Crude Twist: Energy stocks are pulling back just as this top strategist makes a contrarian call that the worst is over. See why oil’s next move might not be what markets are currently focusing on.

Stock Of The Day: UnitedHealth is creeping into a make-or-break price zone where history says big moves tend to happen. See the setup that traders are watching right now. 

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