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Daily US Equity Report 2026-06-09 (Tue)

U.S. stocks 6/8: semiconductor relief rally — chips recovered across the board (INTC +11.19%, MU +9.87%, MRVL +9.63%, SMH +5.00%); MRVL confirmed to join the S&P 500 on 6/22. Nasdaq +0.86%, S&P +0.30%, Dow -0.16%, VIX -12.04% to 18.92

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DAILY US EQUITY · 2026-06-09 (6/8 U.S. close)

Other markets →TaiwanChina A-sharesMemory/AI

U.S. stocks 6/8: semiconductor relief rally, stop-the-bleed rebound — after the 6/5 payrolls selloff, chip stocks recovered across the board (INTC +11.19%, MU +9.87%, MRVL +9.63%, KLAC +9.27%, AMAT +8.64%, SMH +5.00%); MRVL confirmed to join the S&P 500 on 6/22; Middle East tensions cooling + chips stabilizing revived risk appetite, with money rotating from defensives back into tech.Nasdaq +0.86% (25,929.66), S&P +0.30% (7,405.73), Dow -0.16% (50,786.01, defensives gave back), VIX -12.04% to 18.92

Data date: 2026-06-08 (most recent U.S. trading day close)

🎯 Today's (6/9) Key Watch Points

One-line summary: 6/8 (Mon): semiconductors stop the bleed and rebound, tech recovers, hedges unwind — after the 6/5 payrolls selloff, chip stocks staged a relief rally, SMH +5.00% recovering most of last week's losses. Equipment and memory led: INTC +11.19%, MU +9.87% (recovering most of Friday's -13.25%), MRVL +9.63%, KLAC +9.27%, AMAT +8.64%, LRCX +6.98%, ASML +6.54%. Catalysts included MRVL's confirmed S&P 500 inclusion on 6/22, cooling Middle East tensions, and technical buying after two days of chip selling. Money rotated from defensives back to tech: last week's countertrend staples / healthcare gave back (NVO -4.52%, PG -0.98%, JNJ -0.26%, GE -1.82%). Indices closed mixed-green: Nasdaq 25,929.66 (+0.86%, +220.23 pts), S&P 7,405.73 (+0.30%, +21.99 pts), Dow 50,866→50,786.01 (-0.16%, -80.77 pts), with the Dow slightly lower on defensive giveback. Breadth steadied to roughly balanced (top 200: ~94 up vs 97 down), VIX fell -12.04% to 18.92, 10Y steady at ~4.55%.

🔍 3 Focal Points

• 6/10 CPI + Oracle (ORCL) earnings after the close ⭐⭐⭐ — May CPI is the most critical inflation print before the FOMC; right after last week's hot payrolls, another high read would reignite the hike narrative and pressure high-multiple tech — semis, having just stabilized, are most sensitive. Same day, ORCL Q4 FY26 (after close); ORCL 6/8 -0.87%, 20D +8.10%, already off the main list — whether OCI / RPO cloud-AI momentum stabilizes is the focus.

• Can the semiconductor rebound continue ⭐⭐⭐ — SMH +5.00% on the day; equipment (KLAC / AMAT / LRCX / ASML 20D back to +10~13%) and memory (MU 20D +27.11%, just 8.8x) led. Watch whether this is a 'dead-cat bounce' or a trend restart; MRVL +9.63% on its S&P 500 inclusion (6/22), still #1 on 20D at +69.78%.

• 10Y yield & the 6/16-17 FOMC ⭐⭐ — The 10Y still hangs around 4.55%, not falling with the equity rebound; bonds keep pricing 'hike risk'. The FOMC (incl. SEP dot plot) is the biggest variable late next week; CPI will jointly set the dots' tone — watch whether yields keep pressuring valuations.

⚡ This week's rhythm: 6/5 (Fri) hot payrolls + chip crash, full risk-off → 6/8 (Mon, reported here): semiconductor relief rally, SMH +5%, MRVL joins S&P 500, defensives give back → 6/10 (Wed) CPI + ORCL after close ⭐⭐⭐ → 6/11 (Thu) PPI + ADBE after close → 6/16-17 FOMC rate decision + dot plot ⭐⭐⭐.

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🏛 Market Backdrop 6/8 close

SPY S&P 500

$739.22

1D +0.23%

20D +0.22%

QQQ Nasdaq 100

$716.07

1D +1.56%

20D +0.68%

IWM Russell 2000

$284.11

1D +0.87%

20D -0.02%

SMH Semiconductor ETF

$598.16

1D +5.00%

20D +5.58%

* Semiconductors alone lead the rebound: SMH +5.00% led, far outpacing other indices; QQQ +1.56% / IWM +0.87% / SPY +0.23%. Index levels: S&P 7,405.73 (+0.30%, +21.99 pts), Nasdaq 25,929.66 (+0.86%, +220.23 pts), Dow 50,786.01 (-0.16%, -80.77 pts). Technical buying after two days of chip selling + MRVL's S&P 500 inclusion + Middle East cooling drove the semi recovery; the Dow slipped as last week's countertrend defensives / value (PG / JNJ / GE / UNP) gave back — a mirror-image 'tech inflow, defensive ebb' pattern.

🌡 Macro Risk Signals 6/8 close · Futu / CNN actuals

VIX / VXN volatility

VIX 18.92 -12.04%

VXN 27.12 -10.99%

VIX fell from 21.51 on 6/5, -12.04% to 18.92 — fear receded as stocks rebounded. VXN -10.99% to 27.12 in tandem, though tech vol remains relatively high, reflecting that semis haven't fully settled after the big swings.

10Y Treasury yield

~4.55%

1D ~flat +1bp

10Y held around 4.55%, elevated, not falling with the equity rebound — after hot payrolls the market still prices 'slower Fed cuts or even hikes'. Elevated yields are a potential drag on this tech rebound; 6/10 CPI is the next key variable.

DXY USD / Crude

~100.0

USD 1D -0.07% flat

Dollar flat at ~100.0; USO crude ETF 6/8 +1.60%, oil rebounded (Middle East uncertainty + reviving risk appetite). FX calm; the day's main theme was the internal tech / defensive rotation.

Fear & Greed Index

~48-56 Neutral

Back from 'fear' to 'neutral'

CNN estimate recovered from ~40-48 (neutral-to-fear) on 6/5 to ~48-56 on 6/8 — index rebound + VIX -12% + breadth normalizing took sentiment from fear back to neutral, though not yet back to 'greed'.(not an official real-time value)

S&P 500 valuation

PE ~24.9 (trailing)

Fwd PE ~21.4

Index +0.30% on 6/8, valuation ticked up; Fwd PE ~21.4 still above the 10-yr average of 18.9. With yields elevated, multiple-compression risk is unresolved.(not an official real-time value)

Nasdaq 100 valuation

PE ~32.6 (trailing)

Fwd PE ~24.8

Index +0.86% rebound; valuation back up from ~32.3 to ~32.6 — still near the top of the 5-yr range, with the semi recovery the main driver.(not an official real-time value)

📅 Earnings / Major Events, Next 2 Weeks 6/8 - 6/22

📌 Major Tech / Semi Earnings

6/10 (Wed)	ORCL Oracle · after close ⭐⭐⭐ Oracle Q4 FY26. 6/8 -0.87%, 20D +8.10%, already off the main list. Whether OCI / RPO cloud-AI orders stabilize is the key validation for software / AI-cloud; same day as CPI, volatility may be amplified.
6/11 (Thu)	ADBE Adobe · after close ⭐⭐ 6/8 -2.57%, YTD -30%, badly lagging; AI monetization progress and next-quarter guidance in focus — the gauge of whether software / EDA can stabilize.
6/22 (Mon)	MRVL officially joins the S&P 500 ⭐⭐ Marvell confirmed to join the S&P 500 on 6/22; passive index-fund buying has been a recent share-price catalyst (6/8 +9.63%).
Late June	MU Micron · FY3Q earnings (est. end of month) The memory leader's results will test the HBM / DRAM price-upcycle; MU Fwd P/E just 8.8x with high expectations — the next key event for the memory group.

This week's main events: 6/10 ORCL + CPI, 6/11 ADBE. Semis have only just stabilized; ORCL / ADBE results will test whether 'software / AI-cloud' recovers in tandem or keeps weakening.

📊 Macro Events · Next 2 Weeks

6/8 (Mon, done)	Middle East cooling + chips stabilize ✅ Cautious signs of geopolitical de-escalation, plus technical buying after two days of chip selling, revived risk appetite; SMH +5%.
Blackout period	Pre-FOMC blackout Blackout ahead of the 6/16-17 FOMC continues; Fed officials silent. Market in wait-for-CPI mode.
6/10 (Wed)	May CPI ★ Most critical this week Last key inflation data before the FOMC; after hot payrolls, a hot CPI would reignite the hike narrative and pressure the barely-stabilized tech / semis.
6/11 (Thu)	May PPI Wholesale inflation check after CPI; together they set the full inflation picture pre-FOMC.
6/16-17 (Tue-Wed)	FOMC rate decision ★ Next week's main event June rate decision + economic projections (SEP) + dot plot; after hot payrolls, focus on the dots' cut / hike tilt.

Next week, 6/10 CPI is the last inflation print before the FOMC; 6/16-17 FOMC is the biggest variable. The 10Y still hangs at 4.55%, not falling with the rebound; the market keeps pricing hike risk and multiple-compression pressure is unresolved.

💡 Key Observations

🔥 6/8 strongest 1-day gainers (semiconductor recovery)

INTC +11.19%, MU +9.87%, MRVL +9.63%, KLAC +9.27%, AMAT +8.64%, LRCX +6.98%, ASML +6.54%, GLW +5.61%, SNDK +5.30%, AMD +5.14%, CDNS +4.80%, TSLA +4.59%, STX +3.46%, APH +3.45%, CMI +3.30%, WDC +2.97%, AVGO +2.82%, TSM +2.80%, CSCO +2.06%, TXN +2.05%

The gainer list is almost all semis: CPU / foundry (INTC / AMD / TSM) + memory (MU / SNDK / WDC / STX) + equipment (KLAC / AMAT / LRCX / ASML) + EDA (CDNS) + networking (CSCO / GLW) all recovered. Money rotated back from defensives; technical buying kicked in after the chip selloff.

📉 6/8 deepest 1-day decliners (defensives / healthcare giveback)

NVO -4.52%, WELL -3.35%, BMY -2.97%, PDD -2.88%, ADBE -2.57%, SNY -2.53%, AZN -2.37%, ACN -2.14%, NEE -2.13%, BKNG -2.13%, HWM -2.12%, PANW -2.10%, CME -2.09%, AAPL -1.89%, PGR -1.84%, ABBV -1.83%, GE -1.82%, CRWD -1.82%, DUK -1.75%, SPGI -1.73%

Decliners were mostly last week's countertrend defensives / healthcare / utilities: pharma (NVO / BMY / SNY / AZN / ABBV), REITs (WELL), utilities (NEE / DUK), insurance (PGR) gave back Friday's gains. Security names (PANW / CRWD) and AAPL also slipped — 'defensive ebb, tech inflow'.

📊 Key Story 1: Semiconductor relief rally, SMH +5%

After the 6/5 payrolls selloff (SMH -9.22%), chips recovered across the board on 6/8: SMH +5.00%, led by equipment (KLAC +9.27% / AMAT +8.64% / LRCX +6.98% / ASML +6.54%) and memory (MU +9.87%, recovering most of Friday's -13.25% / SNDK +5.30%), with INTC bouncing +11.19%. Catalysts: technical buying after two days of selling + Middle East de-escalation + buyers attracted post-correction.

One day's rebound doesn't define a trend; the 10Y still hangs at 4.55% and 6/10 CPI looms — whether semis hold needs watching.

💥 Key Story 2: MRVL joins the S&P 500; defensives ebb

S&P Dow Jones Indices announced Marvell (MRVL) will join the S&P 500 on 6/22; passive allocation buying lifted MRVL +9.63%, still #1 on 20D (+69.78%). Meanwhile last week's countertrend defensives gave back across the board: NVO -4.52%, PG -0.98%, JNJ -0.26%, GE -1.82%, UNP -1.34% — money rotated from low-beta defensives back to high-beta tech; breadth recovered from Friday's 1:2.1 to roughly balanced.

'Tech inflow, defensive ebb' is the mirror image of Friday's risk-off selloff; but it's a single-day rotation — durability awaits CPI / FOMC.

🔎 Stock Focus: MRVL / MU / SNDK / NVDA S&P inclusion · memory rebound · leader steadies

MRVL Marvell — $288.85 (6/8 +9.63%)Joins S&P 500

• Momentum: 5D +31.64%, 20D +69.78%, YTD +240.32%, mkt cap $252.7B

• Confirmed S&P 500 inclusion 6/22: passive-allocation buying + semi rebound drove +9.63%; still #1 on the 20D main list.

• Fwd P/E 46.8x is rich; the lone 5D-list survivor (+31.64%) — the 6/2 post-earnings surge is still inside the 5-day window.

MU Micron — $949.28 (6/8 +9.87%)Memory rebound

• Momentum: 5D -8.33%, 20D +27.11%, YTD +232.74%, mkt cap $1.07T

• 1D +9.87%: memory-group leader of the bounce, recovering most of Friday's -13.25%; 20D still +27.11%, #6 on the 20D main list.

• Fwd P/E just 8.8x, cheap; the HBM / DRAM price-upcycle is intact and month-end earnings are the next key event for memory.

SNDK SanDisk — $1,642.00 (6/8 +5.30%)NAND recovery

• Momentum: 5D -6.78%, 20D +5.10%, YTD +591.72%, mkt cap ~$243.2B

• 1D +5.30%: the NAND-flash price-hike leader recovered with the memory group; 20D +5.10%, still under the 20% threshold, not back on the main list.

• YTD +591.72%, still the list's top gainer; Fwd P/E ~9.0x — memory duo MU / SNDK rebounding together.

NVDA Nvidia — $208.64 (6/8 +1.73%)Leader steadies

• Momentum: 5D -7.01%, 20D -3.05%, YTD +11.87%, mkt cap $5.05T (#1 in the Top 200)

• 1D +1.73%: the leader steadied but modestly, lagging small/mid chips (INTC +11% / MU +10%); 20D still -3.05%.

• Fwd P/E ~16.5x, relatively reasonable; this rebound is led by equipment / memory / CPU — NVDA in a supporting role for now.

* 6/8 was a 'full-chain relief rally' in semis: equipment (KLAC +9.27% / AMAT +8.64% / LRCX +6.98% / ASML +6.54%), memory (MU +9.87% / SNDK +5.30% / WDC +2.97% / STX +3.46%), CPU (INTC +11.19% / AMD +5.14% / TSM +2.80%) all recovered; SMH +5.00%. MRVL +9.63% tops the list on S&P 500 inclusion (6/22); NVDA +1.73% relatively modest, 20D still negative. Cheap MU (Fwd 8.8x), SNDK (~9.0x), NVDA (16.5x) are the rebound's main candidates.

📋 Full ListTop 200 by mkt cap · 20D gain > 20% · sorted by 20D

Semis · Memory/CPU Semis · Logic/ASIC/Hardware Software/Security Non-tech | Green=up on 6/8 Red=down on 6/8

Ticker / Name

Price

Gain (20D)

1D (6/8)

20D

YTD

Fwd P/E

Net income ($100M)

Mkt cap ($100M)

MRVL MarvellASIC/networking chips

288.85

+9.63%

+31.64%

+69.78%

+240.32%

46.8

25 as of 5/2

2,527

ARM ArmSemiconductor IP

346.39

+1.01%

-15.28%

+62.42%

+216.89%

113.2

9 as of 3/31

3,700

DELL DellAI servers

400.77

+1.62%

-13.99%

+53.87%

+220.76%

18.9

84 as of 5/1

2,603

CSCO CiscoNetworking equipment

124.15

+2.06%

+2.32%

+28.56%

+62.91%

26.0

120 as of 4/25

4,893

PANW Palo AltoCybersecurity

266.33

-2.10%

-11.37%

+28.12%

+44.59%

64.8

8 as of 4/30

2,171

MU MicronDRAM/HBM

949.28

+9.87%

-8.33%

+27.11%

+232.74%

8.8

241 as of 2/26

10,700

FTNT FortinetCybersecurity

143.04

-1.13%

-2.79%

+25.40%

+80.13%

41.8

20 as of 3/31

1,048

NOW ServiceNowEnterprise software

114.19

+1.55%

-15.95%

+25.24%

-25.46%

22.7

18 as of 3/31

1,178

CRWD CrowdStrikeEndpoint security

658.79

-1.82%

-15.77%

+24.83%

+40.54%

105.5

0 as of 4/30

1,677

IBM IBMCloud/AI services

280.82

-1.41%

-12.36%

+22.22%

-3.95%

20.9

107 as of 3/31

2,639

LLY Eli LillyPharma/GLP-1

1149.15

+1.57%

+6.19%

+21.37%

+7.29%

25.8

253 as of 3/31

10,800

SPOT SpotifyStreaming

503.13

+1.24%

-0.91%

+20.42%

-13.36%

27.6

27 as of 3/31

1,035

APP ApplovinAd software

563.69

+1.16%

-8.15%

+20.31%

-16.34%

25.7

39 as of 3/31

1,894

* List changes (vs 6/6): now 13 names (14 on 6/6), down 1 — despite the 6/8 semi rebound, the 20D window still contains Friday's plunge, so list turnover was limited.MRVL's 6/8 +9.63% (S&P 500 inclusion) lifted its 20D to +69.78%, vaulting to #1 (previously DELL); added LLY (+21.37%), SPOT (+20.42%) — defensives / streaming; ALAB / NBIS / SNOW / STX left as market cap fell out of the top 200 or 20D broke the threshold. Gain bars use MRVL's 20D +69.78% as the 100% baseline. Net income = trailing four quarters (TTM), US$100M units ('as of M/D' = latest fiscal quarter end); updated after next earnings.

📋 Full List (5D momentum)Top 200 by mkt cap · 5D gain > 10% · sorted by 5D

Semis · Memory/CPU Semis · Logic/ASIC/Hardware Software/Security Non-tech | Green=up on 6/8 Red=down on 6/8

Ticker / Name

Price

Gain (5D)

20D

1D (6/8)

YTD

Fwd P/E

Net income ($100M)

Mkt cap ($100M)

MRVL MarvellASIC/networking chips

288.85

+31.64%

+69.78%

+9.63%

+240.32%

46.8

25 as of 5/2

2,527

* The 5D momentum list has just 1 name (5D > 10%): MRVL +31.64% is the lone survivor — the +32.52% surge from its 6/2 earnings is still inside the 5-day window, plus another +9.63% on 6/8's S&P 500 news. All other top-200 names are below 10% on 5D, as the window still spans the 6/5 payrolls selloff; even with the 6/8 rebound they couldn't clear +10%.Net income = trailing four quarters (TTM), US$100M; updated after next earnings.

🤖 AI Subsector Breakdown after 6/8 close · 20D average

🛡 AI security　20D +26.1%

PANW +28.12%, FTNT +25.40%, CRWD +24.83%. All three holding high — the strongest subsector on the list; but on 6/8 they slipped with defensives, not joining the chip rebound.

☁ Software/AI cloud　20D +22.0%

SNOW +57.72%, NET +26.34%, NOW +25.24%, IBM +22.22%, APP +20.31%, DDOG +15.75%, ORCL +8.10%, CRM +0.40%. Wide dispersion; mostly modest on 6/8.

🔗 Logic/ASIC/networking　20D +19.2%

MRVL +69.78%, CSCO +28.56%, NOK +13.81%, ANET +10.32%, GLW +0.32%, AVGO -7.77%. MRVL props up the average; AVGO still a drag.

💻 CPU/mobile chips　20D +14.5%

ARM +62.42%, AMD +7.72%, QCOM -0.60%, INTC -11.73%. ARM alone lifts the average; all rebounded on 6/8 (INTC +11.19% the most).

🧠 Memory/HDD　20D +13.5%

MU +27.11%, STX +12.03%, WDC +9.78%, SNDK +5.10%. Full recovery on 6/8 (MU +9.87% / SNDK +5.30% / STX +3.46%); momentum stabilizing.

⚙ Semi equipment　20D +11.5%

AMAT +13.03%, KLAC +12.78%, LRCX +10.34%, ASML +9.86%. Roared back on 6/8 (+6~9%); 20D turning strong again, all four recovering.

⚡ AI power infrastructure　20D -8.5%

CEG -17.44%, VST weak, GE 20D roughly flat. Power names stay weak, dragged by CEG's plunge; the weakest subsector, still decoupled from the AI-compute theme — no rebound on 6/8 either.

📊 Subsector ranking (20D avg)

AI security +26.1% > software/AI cloud +22.0% > logic/ASIC/networking +19.2% > CPU/mobile chips +14.5% > memory/HDD +13.5% > semi equipment +11.5% > AI power infra -8.5%. After the 6/8 rebound, hardware / equipment / memory 20D momentum stabilized and turned up (equipment back from +8.5% to +11.5%); security didn't join the rebound but still leads on 20D; power infra remains the only negative.

📈 Breadth Snapshot Top 200 by mkt cap · 6/8 advancers/decliners

Advancers

~49%; semis / tech / growth led

Decliners

~50%; defensives / healthcare / utilities gave back

A/D ratio

1 : 1.03

Roughly balanced; breadth much steadier vs Friday's 1:2.1

* 6/8 breadth steadied to roughly balanced: 94 up vs 97 down (2 flat; sample = top 200 ex-ETFs, 193 names). Gainers were mostly semis / tech / growth (chip recovery); decliners were last week's countertrend defensives / healthcare / utilities / REITs giving back — a classic 'risk-on inflow, defensive ebb' mirror pattern. Indices closed green but internal A/D was near 1:1 — a structural rotation, not a broad rally.

🔁 6/5 → 6/8 Change Tracker

Stock	6/5 close (back-calc.)	6/8 close	6/8 change	Key change
INTC Intel	$99.17	$110.27	+11.19%	Top gainer on the whole list; foundry / CPU led the bounce; 20D still -11.73%
MU Micron	$863.99	$949.28	+9.87%	Memory led the bounce, recovering most of Friday; 20D +27.11%, #6 on the list
MRVL Marvell	$263.48	$288.85	+9.63%	S&P 500 inclusion (6/22); 20D +69.78%, vaulted to #1
KLAC KLA	$1,929.32	$2,108.06	+9.27%	Semi equipment led the bounce; 20D back to +12.78%
AVGO Broadcom	$385.71	$396.60	+2.82%	Small rebound after two days of selling; 5D still -13.78%, 20D -7.77%
NVDA Nvidia	$205.09	$208.64	+1.73%	Leader steadied but modest, lagging small/mid chips; 20D still -3.05%
NVO Novo Nordisk	$42.96	$41.02	-4.52%	Defensives / healthcare gave back; reverse of Friday's haven bid

* The 6/5→6/8 theme: 'semiconductor relief rally + defensive ebb' — chips stabilized + Middle East cooled + MRVL joins the S&P 500; INTC / MU / MRVL / KLAC led the bounce while money rotated out of defensives (NVO / PG / JNJ / GE) back into tech. The 20D main list slimmed from 14 names to 13; MRVL vaulted to #1. Back-calculated prior close = 6/8 close ÷ (1 + 6/8 % change).

📝 Summary Core conclusions after the 6/8 close

① Market structure: indices closed mixed-green (S&P +0.30% 7,405.73, Nasdaq +0.86% 25,929.66, Dow -0.16% 50,786.01).SMH +5.00% led, with the semiconductor relief rally the main theme; breadth steadied to roughly balanced (94 up vs 97 down), VIX fell -12.04% to 18.92, 10Y still elevated at 4.55%. Risk-on inflow but internal rotation — not a broad rally.

② Theme 1: semiconductor relief rally: after the 6/5 payrolls selloff (SMH -9.22%), chips recovered across the board on 6/8, SMH +5.00%, led by equipment (KLAC +9.27% / AMAT +8.64% / LRCX +6.98% / ASML +6.54%), memory (MU +9.87% / SNDK +5.30%), CPU (INTC +11.19% / AMD +5.14%). Catalysts: technical buying + Middle East cooling + post-correction dip-buying; one day doesn't define a trend.

③ Theme 2: MRVL joins the S&P 500: S&P Dow Jones announced Marvell will join the S&P 500 on 6/22; passive allocation buying lifted MRVL +9.63%, 20D +69.78%, vaulting to #1 on the main list (replacing DELL). Index changes are a key near-term single-stock catalyst.

④ Theme 3: defensives ebb, money returns to tech: last week's countertrend defensives gave back across the board (NVO -4.52% / PG -0.98% / JNJ -0.26% / GE -1.82% / UNP -1.34%) as money rotated from low-beta defensives back to high-beta tech. The Dow, weighed by defensive giveback, was the only index in the red — the mirror of Friday's risk-off.

⑤ List changes: the 20D main list slimmed from 14 names to 13: MRVL vaulted to #1 (+69.78%); added defensives / streaming LLY (+21.37%) and SPOT (+20.42%); ALAB / NBIS / SNOW / STX left on market-cap or threshold breaks. The 5D momentum list still has just MRVL, 1 name (+31.64%). AI subsectors: security (+26.1%) remains strongest; hardware / equipment / memory 20D momentum stabilized and turned up (equipment back to +11.5%); power infra (-8.5%) remains the only negative.

⑥ Conclusion & strategy this week: the 6/8 semiconductor relief rally and hedge unwind steadied the market after Friday's selloff. But the 10Y still hangs at 4.55%, not falling with stocks; the rebound's durability is unproven. Watch: (1) 6/10 CPI ⭐⭐⭐ — a hot print could revive the hike narrative and pressure the barely-stabilized tech / semis; (2) ORCL (6/10 after close) / ADBE (6/11) earnings testing whether software / AI-cloud recovers in tandem; (3) 6/16-17 FOMC (incl. dot plot), the biggest variable — yields and VIX stabilizing are prerequisites for risk appetite to continue. Cheap MU (Fwd 8.8x), SNDK (~9.0x), NVDA (16.5x) are the rebound's main candidates.

Sources: Futu U.S. top-200 market-cap list (6/8 close, full 4 pages, 200 names), Yahoo Finance (indices / ETFs / risk gauges / 1D-20D-YTD / Fwd P/E / net income), CNN Fear & Greed Index (estimated).
For reference only; not investment advice. All percentages are Futu / Yahoo actuals; F&G and PE are non-official estimates.
DAILY US EQUITY · 2026-06-09 (6/8 U.S. close)

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