Lower oil and natural gas prices reduce power grid stress—critical for AI data centers consuming 20-30% of U.S. electricity growth. Cheaper energy = higher margins for chip makers and cloud providers. Nvidia's weekly gain hit double digits.
July jobs miss and weak payrolls pushed Fed rate-cut odds higher. Lower borrowing costs support tech valuations and growth stocks. Institutional money rotated into Nasdaq over Treasury bond yields at 4.0%.
Risk-on sentiment lifts crypto alongside equities. Bitcoin, Ethereum, and altcoins track Nasdaq closely during macro risk-on phases. Lower rates reduce funding costs for leveraged traders. August could see sustained crypto upside.
Q2 2026 earnings season kicks off in late August. Nvidia, Tesla, and Broad-based tech earnings will test whether valuations hold. A miss could mean mean reversion. For now, AI trade remains in favor.
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