Micro emini futures micro E-mini S&P contracts face a

Micro E-mini S&P contracts face a potential headwind as bond yields edge higher. Risk-parity funds are rebalancing portfolios, leading to modest selling in equity-linked futures. Chip makers and AI-infrastructure stocks moved higher on Thursday, a supportive factor for the broader market.  Advanced Micro Devices (AMD) closed up more than +3% to lead gainers in the Nasdaq 100.  Also, Intel (INTC) and GlobalFoundries (GFS) closed up more than +3%.  In addition, Applied Materials (AMAT), Lam Research (LRCX), ASML Holding NV (ASML), and Marvell Technology (MRVL) all closed up by more than +2%.  Finally, Broadcom (AVGO), Qualcomm (QCOM), NXP Semiconductors NV (NXPI), and Texas Instruments (TXN) closed up more than +1%. 5 index point integer multiples, 10 days prior to expiration of the option: +5% to -10% of the prior day’s settlement price on the underlying future contract Micro E-mini futures tied to the Russell 2000 are gaining traction, with small-cap strength reflecting broad market optimism. The 2,050 level is now a short-term pivot point for momentum traders.