Nathan Peterson of Charles Schwab discusses what he calls a "relief bounce" in the stock market Wednesday, led by AI stocks. He points to CoreWeave (CRWV) as the catalyst and explains why "it's hard to get too bearish" on tech. Nathan still sees key tests for the S&P 500 (SPX) and Nasdaq-100 (NDX) in repairing technical damages across both indexes. Jim Ferraioli turns to the crypto space as Bitcoin struggles to break back above $75,000. He explains how shifting correlations between the cryptocurrency, the AI trade, and Treasury yields add to mounting uncertainty.
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