Raoul Pal: Capital Shifts from AI Sector Back to Crypto Market

Major equity indexes closed higher on October 6 ET. The S&P 500 and Nasdaq both set closing highs as long-end yields eased and oil stabilized, shifting capital from rate worries toward earnings. Constellation Energy led on a long-term power agreement to supply Google, while tokenized-securities platform Securitize jumped early after signing a tech partnership. Bitcoin held near $86,000, LayerZero led majors, and Anvil surged after an institutional purchase of governance tokens. Applied Digital reports after the close on October 7 ET, while markets also track policy-meeting minutes and TOKEN2049 industry headlines.

Why is Monad MON trending today? Analyze privacy-update expectations, Open ecosystem momentum, the November 24 unlock, supply risk, and MON futures.

Major equity indexes closed higher on October 5 ET, and the Nasdaq set another record high. Tech drew inflows after weak labor data cooled rate-hike expectations, but the 10-year and 30-year yields rose intraday to about 5.34% and 5.70%. The services prices index rose to 74.0, a four-year high, so the rate overhang has not cleared. EWZ and PBR jumped on election and resource-discovery narratives, while SpaceX hit a stage high. Bitcoin traded near $86,000. On October 6 ET, markets will watch Amazon’s fall Prime event and early sales signals for consumer-sector pricing.

Major equity indexes closed higher on October 5 ET, and the Nasdaq set another record high. Tech drew inflows after weak labor data cooled rate-hike expectations, but the 10-year and 30-year yields rose intraday to about 5.34% and 5.70%. The services prices index rose to 74.0, a four-year high, so the rate overhang has not cleared. EWZ and PBR jumped on election and resource-discovery narratives, while SpaceX hit a stage high. Bitcoin traded near $86,000. On October 6 ET, markets will watch Amazon’s fall Prime event and early sales signals for consumer-sector pricing.