🎯 Smart Money Signal

Hope your afternoon is going well.

The Dow is taking the hardest hit today, down 1.45% while tech holds up comparatively better. Chip stocks are the story, with mixed signals from Asia creating real uncertainty heading into the close.

SK Hynix disappointing on earnings has traders rethinking the semiconductor rally's durability right now. Meanwhile, OPEC+ signaling a pause on output hikes is keeping energy stocks in a complicated spot this afternoon.

Top Stories for Wednesday, July 29th

Nikkei Rises 0.9%, Led by Chip, Auto Stocks

Japanese stocks were higher in early trade, recovering modestly from Tuesday's selloffs in technology stocks.

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Prediction: This International ETF Will Beat U.S. Stocks for the Next 5 Years

A study from Vanguard sees international developed-market stocks outperforming for the next 10 years. Vanguard's International High Dividend Yield ETF has bested its S&P 500 ETF in the past five years.

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Asian Chip Stocks Drop As SK Hynix Earnings Disappoint

Aside from SK Hynix's earnings miss, the selloff comes amid concerns about advancements reported by Chinese chipmaking and AI companies. Memory chipmaker CXMT, which made its market debut earlier this week, saw its stock price soar an additional 12.6% on Wednesday, following a 466% gain on Monday after going public.

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Get ready for August 15 market shock (Ad)

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OPEC+ Is About to Pause Oil Output Hikes. Here's What It Means for Oil Stocks.

OPEC is unlikely to increase its output again this year. That could keep crude prices elevated as the market tries to rebuild global stockpiles.

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Are Computer and Technology Stocks Lagging Corning (GLW) This Year?

Here is how Corning (GLW) and Grindr Inc. (GRND) have performed compared to their sector so far this year.

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Could This Stock Be “Trump’s Next Big Buy”? (Ad)

Jim Rickards believes the Trump administration is about to take a direct stake in a tiny $2 stock. The Trump administration has taken a direct stake in MP Materials, Lithium America, Trilogy Metals, and USA Rare Earth. Each time, shares sprinted higher.

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