GREY BRIEFING #26: Record highs on the Dow, weakness on the Nasdaq, and extreme stress in the crypto sector

The week saw a mixed market picture. While the Dow Jones reached new highs, the Nasdaq-100 came under significant pressure. The reporting season confirmed decent corporate figures overall, but was overshadowed by questions about investments, margins, and valuations, especially after the reaction to Amazon's quarterly figures. At the same time, the crypto market saw some extreme sell-offs, with significant liquidations and a noticeable deterioration in sentiment, further underscoring the increased nervousness beneath the surface. WEEKLY PERFORMANCE – INDICES The week was marked by rotation: The Nasdaq 100 lost 2.4% and was under pressure mainly due to sell-offs in the software and AI sectors. Profit-taking after strong previous weeks...