AI Selloff Spreads, Junk Bonds Flash Warning, Bitcoin ETFs Snap Back

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Welcome to Stock Market Today, your market briefing with actionable insights on stocks, bonds, crypto, and the events moving markets.

Let's get into it. Futures are red this morning, the catalyst. South Korea's COSPI dropped nearly 4%.

It's worse close since April, as Samsung and SK Hynix sold off hard on renewed AI spending doubts. That's spilling straight into US pre-market. CoreWeave down another 4%.

Cypher Digital and IRN both lower. The Invesco QQQQ under pressure.

Here's your real signal, though. Credit markets. Junk bond spreads are blowing out while investment grade debt barely moved. A manual life John Hancock strategist called it uncharted territory. No recent precedent. That divergence tells you risk appetite is narrowing fast at the bottom of the credit stack, even as blue chip borrowers stay calm. Watch high-yield ETFs this week. Bitcoin's holding $81,400, sliding slightly, but BlackRock's IBIT just posted its biggest single-day inflow in over a year. $665 million, pulling the entire Bitcoin ETF complex positive on the day. Ethereum funds, by contrast, bled out for a fourth straight session. Capital's concentrating in Bitcoin, not crypto broadly.

Options traders on Deribit are still loading puts two-to-one over calls. Defensive positioning into this chop.

Commodities matter here, too. Brent crude cleared $111, highest since May, on Hathi-driven Gulf supply fears. That's an inflation headwind layering on top of the equity wobble. On earnings, 70 S&P 500 names report this week. SpaceX tomorrow, expected back to profitability on AI compute revenue. Tesla and Meta also on deck, testing Morgan Stanley's hidden correction thesis against real numbers. JPMorgan also dropped a decade-long forecast. 10% annualized Bitcoin returns, beating bonds, stocks and gold in their base case, still calling it speculative, not a diversifier. You either caught the move or you didn't. And if you didn't, tomorrow's a brand new market. Stop chasing ghosts. That wraps your market intel. Trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot.io.