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AI Chips Must Lead to Rally SPX & RUT; Crypto ETFs Signal End of ‘Crypto Winter’
Schwab’s Nathan Peterson says AI chip leadership is needed to revive SPX and RUT after CPI volatility. Jim Ferraioli cites crypto ETF inflows as evidence crypto winter ending.
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What stands out
Nathan Peterson argues that AI chip stocks must step up and lead a market rally before bulls can comfortably return to the S&P 500 and the Russell 2000, after a hotter-than-expected Consumer Price Index print raised the odds of another Fed rate move. He points to how that volatility has punished small caps and tech-adjacent hardware names. Separately, Jim Ferraioli highlights fresh ETF inflows into crypto as evidence that the multi-year drawdown in digital assets may be ending, a counterpoint to the broader risk-off tone.