Nasdaq 100 Leadership Is Collapsing as the S&P 500 Holds

The Nasdaq 100 is underperforming the S&P 500 because buyers have stopped bidding the pullbacks in the AI names that led the rally. James Stanley, StoneX Media Senior Market Analyst, walks through the charts behind the split between the Nasdaq 100 and the S&P 500. Stocks climbed the day after a hawkish Federal Reserve rate hike. The S&P 500 still holds a bull flag above its 50 percent retracement, while the Nasdaq 100 and AI names such as NVIDIA and Micron sit below their prior highs. Treasury yields are the missing piece, because capital needs somewhere else to go before it leaves equities. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_james_stanley&utm_content=share 00:00 - Hawkish Fed, Stocks Rally On 01:45 - S&P 500 Bull Flag Holds Up 03:48 - The Fed Put Is Getting Tested 04:29 - Bonds Become the Rival Bid 06:04 - Nasdaq Leadership Slips Away 07:40 - The 2000 Tech Top Replayed 08:59 - AI Names Sit Off Their Highs 11:07- Rotation Risk Builds Quietly Like and subscribe for more financial market insights. #Nasdaq #StoneX #JamesStanley #SP500 --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social