S&P 500's losing streak: What's going on?
The S&P 500 is on track for its longest losing streak since August, as a massive $1.2 trillion crypto selloff and worries about pricey AI stocks shake up the market.
Early Tuesday, both S&P 500 and Nasdaq 100 futures slipped 0.3%, while Bitcoin tumbled below $30,000 for the first time in months.
Why does this matter?
With only about half of S&P stocks holding above key averages and fund managers' cash reserves at historic lows, investors are clearly feeling cautious.
The index is also trading well above its usual valuation, adding to nerves—especially with worries about companies' capacity to finance heavy AI spending, as seen in rising credit spreads for some firms like Oracle.
Big names like NVIDIA and the Federal Reserve's next moves could set the tone for what happens next.
The bigger picture
Uncertainty is everywhere right now—from inflation worries to a possible US government shutdown—so markets are especially sensitive to any surprises.
If you're following stocks or crypto, it's a good moment to keep an eye on what comes next.