FUTURES RISE AS WARSH STAYS MUM , TESLA FLYING CAR INTERRUPTS AI LIQUIDATION

What happened: US futures are higher as the crowded-trade unwind in chips, momentum and AI baskets pauses. Fed Chair Kevin Warsh said nothing on rates at the IMF gathering in Bangkok, and Tesla rose after Musk unveiled a "flying" Roadster. Key numbers: S&P futures +0.1% at 7,800, Nasdaq futures -0.2%, Dow futures -0.2%, Russell 2000 Why it matters: Traders read Warsh's silence as dovish, and the rebound in global stocks clipped the haven bid, stalling the bond rally. Europe is set for its biggest weekly outperformance over the S&P 500 since March as investors rotate out of the AI trade.

US futures are higher as the crowded-trade unwind in chips, momentum and AI baskets pauses. Fed Chair Kevin Warsh said nothing on rates at the IMF gathering in Bangkok, and Tesla rose after Musk unveiled a "flying" Roadster.

Traders read Warsh's silence as dovish, and the rebound in global stocks clipped the haven bid, stalling the bond rally. Europe is set for its biggest weekly outperformance over the S&P 500 since March as investors rotate out of the AI trade.