AI Optimism Drives Record Market Highs

The big story inside US equities was AI optimism, specifically around data,

compute and storage. The picks and shovels trade. You saw it in the winners.

Sandisk, Micron and Western Digital were some of the standout movers.

The market wasn't buying random tech. It was buying the parts of tech that scream more compute,

more data, more infrastructure, more demand. And that matters because it tells

you something about positioning. When the market is genuinely scared, it hides in defensives

and cash. When the market is confident, it concentrates into themes with

momentum and a story. Today was the second one. Now let's check the stress gauges.