Rotation continues with sectors like utilities, metals, and Bitcoin higher today; broadening out theme looks encouraging but question is what takes market higher given weakness in Mag 7; institutional support needed; international markets (Europe, Asia, emerging) part of broadening; AI bullish story shifting to parts of Asia; China headline risk affecting US cybersecurity names and Nvidia chips; Trip.com down 17% on anti-monopoly investigation.

Tomorrow's focus: Morgan Stanley earnings expected at $2.41 EPS on $17.32B revenue driven by investment banking/trading, history of beating estimates; Goldman Sachs revenue expected $14.54B with EPS $11.69 marking year-over-year profit decrease.

TSMC earnings tomorrow expected net profit ~$15B up 25% YoY; quarterly revenue expected up 20% to ~$33B; guidance and expansion plans in focus as Nvidia's chip maker.