This week delivered a classic “sell the news” shock to risk assets. Nvidia crushed earnings, yet the stock dropped more than 5%, dragging semiconductors lower and pulling Bitcoin down from near $70,000 to the mid-$67,000s. For now, BTC remains tightly tethered to AI risk sentiment.

This week’s report breaks down these crosscurrents with 14 detailed charts covering the AI spillover into crypto, Japan’s curve compression, falling US yields, and the powerful shift toward global equities.

The crypto section dissects Bitcoin, Ethereum, and Solana, delivering long and short trading setups with precise entry points, targets, and invalidation zones.

Let’s dive in 👇

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Thursday's session delivered a sharp lesson in "sell the news" dynamics: Nvidia beat earnings expectations handily, yet the stock dropped over 5%, dragging the broader semiconductor complex down with it and pulling Bitcoin along for the ride. The BTC/USD chart tells the story clearly, it peaked near $70,000 on February 25 before sliding back to $67,225, a move that tracks almost tick-for-tick with the chip selloff and confirms how tightly Bitcoin's short-term fate remains linked to AI risk sentiment.

The Japan yield curve flattening we've been tracking has continued to develop, with the 2Y/30Y spread now compressing further to 212 basis points, down sharply from the brief spike to 260 in early January. The move reinforces the theme we flagged previously: BOJ normalization is squeezing the curve from the short end, keeping the risk of a disorderly carry unwind very much on the table.

If you’re a decision maker at your company, you need to be on the bleeding edge of, well, everything. But before you go signing up for seminars, conferences, lunch ‘n learns, and all that jazz, just know there’s a far better (and simpler) way: Subscribing to The Deep View.

This daily newsletter condenses everything you need to know about the latest and greatest AI developments into a 5-minute read. Squeeze it into your morning coffee break and before you know it, you’ll be an expert too.

Subscribe right here. It’s totally free, wildly informative, and trusted by 600,000+ readers at Google, Meta, Microsoft, and beyond.

Meanwhile, US 10-year Treasury yields have fallen to their lowest level since November, hovering near 4.0%, as investors rotated into safe havens following the tech-led selloff. Falling yields ease credit conditions on the margin, but at this stage of the cycle they more clearly signal that the market is beginning to price in softer US growth, not a benign development for a US equity market still trading at elevated valuations.

That concern is underscored by the most important chart of the day: since August 2025, the MSCI AC World Ex-US Index has returned nearly 20% versus just 6% for the S&P 500, a gap that has widened aggressively in 2026. The rotation out of US equities and into international markets is no longer a thesis, it is the dominant trend, and with AI spending credibility now under scrutiny, the catalyst for a reversal is not obvious. Investors still heavily concentrated in US mega-cap tech should take note.

The macro setup, a flattening Japanese curve, falling US yields, and accelerating international outperformance, is consistent and mutually reinforcing. Until there is a clear catalyst to reverse these trends, the path of least resistance favors diversification away from US tech concentration and toward the international rotation that has been building for months.