Last week felt like a relief rally, with the SPX and Nasdaq snapping their losing streak. But oil at $112 and rising gold prices tell me this isn’t a clean risk-on move—geopolitical risks are still driving part of the market.
I’m seeing a split underneath the surface. Tech and AI names like $Taiwan Semiconductor Manufacturing(TSM)$ and $APPLIED DIGITAL CORP(APLD)$ remain strong, while consumer names like $Nike(NKE)$ show demand weakness. EVs are mixed too—$NIO Inc.(NIO)$ is strong, but $Tesla Motors(TSLA)$ is still under pressure, which I’m watching closely.
In Asia, the tone looks more defensive, with flows into banks, utilities, and commodities supporting indices like the $Straits Times Index(STI.SI)$. This week, I’m focused on inflation data and the FOMC minutes—because if inflation stays sticky, volatility could return quickly.
@TigerObserver @TigerStars @Tiger_comments @TigerClub
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