The market shows continued strength in certain sectors like technology (NVIDIA, Micron) and infrastructure (Union Pacific), driven by AI advancements and physical asset demand. However, the tech sector, particularly software ETFs like IGV, is facing headwinds, with valuations resetting due to rising costs and the potential for AI disruption. Investors are closely watching inflation data and Fed policy for future rate decisions, with a growing expectation of no rate cuts in the near term due to persistent inflation. The market sentiment appears to be a mixed bag, with strong performance in some areas and significant pressure in others.