I’m leaning towards a modest rebound rather than a full risk-on rally. After Friday’s 2.86% fall and Monday’s additional weakness, some bad news and AI valuation anxiety should already be reflected in positioning.
The biggest swing factor for me is tech earnings. Strong AMD, Qualcomm and Arm guidance could stabilise semiconductor sentiment, but investors now seem to demand evidence that AI capex is translating into revenue and profits, not merely more spending.
The jobs report is the wildcard. A moderate reading that avoids both recession fears and a sharp rise in yields would probably be the best outcome for Nasdaq.
My plan: continue DCA rather than chase a bounce. I would keep extra cash available if another valuation-driven selloff creates better entries.
$NASDAQ(.IXIC)$ $Invesco QQQ(QQQ)$ $NVIDIA(NVDA)$
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