Hyper-Scalers' Debt Wave Pushes Bond Yields Higher, Investor Demand Wanes

GOOGL shares have risen 4.57% in the last 24 hours, displaying strong momentum. While the RSI at 61.7 is not yet in overbought territory, the MACD is above its signal line, presenting a positive outlook. However, news headlines indicate that borrowing costs for hyperscalers are increasing and investor demand is declining, which could signal a negative funding environment for tech giants. Although technical indicators support a short-term uptrend, macroeconomic concerns and tightening debt markets may pressure the stock. Therefore, no clear directional signal has emerged.

NDX declined 2.9% over the past 24 hours to 27,508, closing below both its 20-day (27,808) and 50-day (28,385) moving averages. The RSI at 35.6 is approaching oversold territory, while the MACD remains below the signal line and in negative territory, indicating weak short-term momentum. Rising borrowing costs for hyperscalers and declining investor demand, as reported, could add further selling pressure on the tech-heavy index. However, the low RSI level may also trigger a potential technical rebound, so while the downtrend is strong, excessive bearishness should be avoided.

The S&P 500 (SPX) is trading below its 20- and 50-day moving averages, with the RSI at 40 indicating weak momentum. The MACD line is below the signal line and in negative territory, confirming a short-term bearish trend. News headlines highlight that rising borrowing costs are dampening investor demand, which could reduce risk appetite and pressure the index further. The 0.95% decline over the past 24 hours reflects current weakness. However, I expect a moderately confident bearish move, as the RSI is not yet in oversold territory and the market does not appear fully sold out.