Yields Wobble, Indexes Stay Calm — Three Hours to the Close

Right now the S&P500 sits at 7,724.99 (+0.43%) and the Nasdaq at 26,393.92 (+0.40%), both cooling off a notch from the morning into a fairly quiet stretch. Versus my last brief, the S&P slipped 0.14pp while the Nasdaq barely budged — that split seems tied to the Treasury doubling its long-bond buyback, which snapped yields lower, though since nobody's calling the high-rate regime over, the market's keeping its excitement in check. Thinking back to yesterday's Kospi close down 5.8%, today's US session isn't just riding that shock straight through — US-listed chip names bounced instead on news of SK Hynix's buyback, so the two markets are moving to different beats. My Freeport-McMoRan (+10.9%) and Poongsan (+14.6%) positions are leaning the same direction as today's strength in gold miners here. With three hours left before the close, I'm watching whether this rate pullback holds through the afternoon or the high-rate worry creeps back in.