Stock futures for monday indicate potential strength in

Stock futures for Monday indicate potential strength in financials, with bank stocks reacting to a steeper yield curve. Credit market trends are being closely monitored for recession probability signals. History doesn't repeat itself, but it often rhymes. And there's no denying the fact that the Shiller P/E ratio is inversely correlated with 10-year forward returns. As such, as the S&P 500 valuation continues to climb higher, the expected returns going forward become worse and worse. "BABA also announced new developments during the conference, such as 1) its flagship model Qwen3-Max (ranking top 3 globally) and Bailian agent platform upgrades, 2) partnership with NVIDIA on physical AI, and 3) accelerating overseas expansion with the first data centers launching in Brazil, France, Netherlands etc," Yu added. "We expect these initiatives, in addition to increased capex, to further accelerate cloud growth, and thus we raise our cloud growth estimates to 32% for F26 and 40% for F27 (vs. 30% for each of F26 and F27 previously." Stock futures for Monday indicate modest upward momentum, led by semiconductor stocks after Taiwan’s latest export data showed a 7% YoY surge. This sector-specific strength could set the tone for Nasdaq-heavy portfolios.