Nasdaq On The Edge: AI Cracks, Volatility Explodes, Skew Goes Haywire
The AI unwind accelerates
Nasdaq remains trapped in its trading range, but the cracks beneath the surface are getting harder to ignore. Tech volatility is exploding, semiconductors are breaking down, and Korea continues to lead the global AI unwind. Meanwhile, downside protection is being repriced violently, while Apple emerges as the unlikely winner. How much longer can Nasdaq hold the range while the AI trade breaks down beneath the surface?