AI Soars and Rates Dive

[Andrew Postell]

Markets shook off trade war jitters as Nvidia soared past a $4 trillion valuation, fueling a tech-led rebound in the S&P 500. Microsoft joined the rally on an analyst upgrade, while Apple stumbled amid tariff talk. Equity investors seem increasingly immune to geopolitical noise, instead zeroing in on AI momentum and megacap strength as the real market movers.

Meanwhile, Treasury yields slipped, with the 10-year falling to 4.36% after a strong bond auction and rising hopes that the Fed could start cutting rates by September. Trump’s renewed tariff threats and his call for lower rates added to the dovish tilt. For now, Wall Street is betting that softening inflation and strong tech earnings will keep the bull case alive—at least until earnings season delivers its verdict. Mortgages are rallying along side their treasury counterparts with the current coupon up 5-6 tics on the day.

https://fortworthreport.org/2025/07/07/heres-how-tarrant-county-residents-can-help-support-central-texas-flood-victims/