It's the last day of the month, and the market is exploding higher, in a strong risk-onmove driven by a series of stellar earnings in the Tech sector. The day is dominated by impressive rallies, although key divergences remain.

🇺🇸 US Equities (Pre-market/Open)

$SPX500 — Futures are moving decidedly higher, driven by the Mega-Cap rally.

$DJ30 — Up, as positive sentiment spreads.

$NSDQ100 — In a strong rally, the index is being pulled higher by $AMZN$ and $GOOGL$.

💻 Tech & Growth Snapshot

$NVDA (+1.22%) — In a solid rise, the stock is outperforming and leading the AI sector.

$GOOGL (-0.46%) — Rallying strongly, the market reacts with euphoria to its earnings, pushing the stock higher.

$AVGO (+0.25%) — Slightly down, counter-trending the sector, showing weakness.

$META (-2.03%) — Up, the stock is recovering lost ground and joining the positive sentiment.

$MSFT (-0.99%) — Slightly up, attempting a modest recovery along with the Nasdaq rally.

$TSM (-0.85%) — Slightly up, showing resilience in the chip sector.

$RR. (-0.07%) — Slightly down, the industrial/aerospace sector is weak.

$RKLB (+1.86%) — Slightly up, showing cautious optimism in the new techspace.

$RGTI (+3.75%) — Up, the quantum sector follows the speculative sentiment.

🛍️ Retail & Commerce

$AMZN (-2.86%) — Exploding higher, the stock is dominating the market with an impressive rally, clearly following earnings that beat all expectations.

$BABA (-2.64%) — Falling sharply, continuing its negative performance, crashing against the US tech trend.

$CVNA (-1.15%) — Up, the stock is participating in the risk-onmove and recovering ground.

$SHOP (+0.2%) — Stable, failing to benefit from the $AMZN rally.

⚕️ Health & Pharmaceutical

$LLY (+0.88%) — Slightly down, the defensive Pharma sector is being sold as capital rotates into Tech.

$HIMS (+5.07%) — Stable, awaiting catalysts.

$INSM (-2.66%) — Stable, the biotech sector is flat.

🇪🇺 Europe & Industrials

STOXX 600 — Mixed, Europe is not fully participating in the US rally.

GER40 — Mixed/Slightly down, reflecting uncertainty.

$LDO (+1.53%) — Slightly up, the defense sector shows some strength.

$IBE (-0.48%) — Slightly up, utilities are stable/positive.

$OKLO — Stable, the nuclear stock is flat.

$CS (-4.95%) — Down, the European financial sector is weak.

🏦 Banking & Finance

$UCG (+0.63%) — Slightly up, the Italian banking sector is mixed.

$ISP (-2.6%) — Slightly up, showing modest strength.

$BPE (+0.66%) — Solidly up, continuing its outperformance and positive trend.

$CE (+0.07%) Up, another strong performer in Italian banking.

$BBVA (+0.14%) — Up, the Spanish bank is recovering ground.

$AXP (+1.18%) — Slightly down, the payments sector is weak.

$V (-1.04%) — Down, following the weakness in $AXP$.

🌏 Asia

$JPN225 / $KOSPI / $HK50 / $CHINA50 — Closed mixed/negative, weighed down by weakness in Chinese stocks ($BABA$).

💱 Forex

$DXY — The Dollar Index is stable/slightly down, reflecting the conflicting sentiment.

$EURUSD — Stable/Slightly upagainst a weaker Dollar.

$USDJPY — Stable.

💎 Commodities & Precious Metals

$GLD (+0.06%) — Stable, gold is flat, not benefiting from the defensive sell-off or the tech risk-on.

$CDE (-1.19%) — Stable, following gold.

$BRENT / $WTI — Down, oil is dropping due to demand fears (e.g., $BABA data).

💰 Crypto

$BTC (+2.89%) / $ETH (+2.77%) — Up, crypto is following the risk-onrally led by $AMZN and $GOOGL.

$TRX (+1.87%) — Up, the altcoin sector is participating in the positive sentiment.

$CRO (+3.34%) — Up, in line with the sector.

📈 Benchmark ETFs

$VOO (+0.37%) / $VGT (+0.26%) / $CNDX — The real sentiment is being pulled higher by their main components.

$BND (+0.34%) — Stable, investors are also looking for safety in bonds.

🔎 Deep Dive: The Great Earnings Divergence

Today is the definition of a "stock market," not a "market of stocks." There is no single sentiment. Quarterly results are creating massive divergences:

1. The Winners: $AMZN (-2.86%) and $GOOGL (-0.46%) are on fire, saving the $NSDQ100 single-handedly.

2. The Losers: $BABA (-2.64%) is collapsing, signaling weakness in Chinese and speculative retail.

3. The Isolated Strong:Italian banks ($BPE (+0.66%) , $CE (+0.07%) ) and $BBVA (+0.14%) continue to outperform.

4. The Defensives:Gold ($GLD (+0.06%) ) is flat, while Pharma ($LLY (+0.88%) ) and European financials ($CS (-4.95%)

) are weak.

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🇺🇸 US Equities (Pre-market/Early Trading)

$SPX500 — Indicating a sharp decline, as the collapse in major tech components weighs heavily on the index.

$DJ30 — Trading significantly lower, pulled down by the broad *risk-offsentiment.

$NSDQ100 — Falling sharply, dragged down by heavy losses in major tech names.

💻 Tech & Growth Snapshot

$NVDA (+1.22%) — Down slightly, showing significant resilience and holding up well compared to the broader tech wreck.

$GOOGL (-0.46%) — Surging dramatically higher, completely defying the market sell-off, likely on a stellar earnings report.

$AVGO (+0.25%) — Up moderately, showing strong relative strength in the semiconductor sector.$META (-2.03%) — Collapsing, in a sharp sell-off likely due to a major earnings miss.

$MSFT (-0.99%) — Falling sharply, a massive drop indicating a very negative reaction to its earnings, pulling the $SPX500$ down.

$QBTS (+0.38%) Not shown, but likely down significantly*in this *risk-offenvironment for speculative tech.

$RGTI (+3.75%) — Down moderately, following the negative sentiment in speculative tech.

$TSM (-0.85%) — Down slightly, giving back some recent gains.

$RR. (-0.07%) — Down moderately, the industrial/aerospace sector is weak.

$RKLB (+1.86%) — Up slightly, showing some resilience in the space sector.

🛍️ Retail & Commerce

$AMZN (-2.86%) — Down moderately, reflecting weakness in consumer-focused tech.

$BABA (-2.64%) — Down moderately, under pressure alongside other Chinese and e-commerce stocks.

$CVNA (-1.15%) — Falling sharply, continuing its pattern of high volatility and weakness.

$SHOP (+0.2%) — Down moderately, indicating pressure on e-commerce platforms.

⚕️ Health & Pharmaceutical

$LLY (+0.88%) — Likely flat or slightly down, as investors rotate out of defensive names or brace for the downturn.

$HIMS (+5.07%) — Holding steady, showing no significant price change.

$INSM (-2.66%) — Flat, the biotech sector remains cautious.

🇪🇺 Europe & Industrials

STOXX 600 — Trading lower, struggling as the US tech crash impacts global sentiment.

GER40 — Trading cautiously lower, reflecting the uncertain global sentiment.

$LDO (+1.53%) — Down moderately, suggesting pressure on the defense sector.

$IBE (-0.48%) — Down slightly, utilities are also facing some selling pressure.

$OKLO Down moderately, indicating profit-taking in the nuclear technology space.

$CS (-4.95%) — Down moderately, reflecting broader caution across parts of the European financial sector.

🏦 Banking & Finance

$UCG (+0.63%) — Down moderately, following the negative trend in European financials.

$ISP (-2.6%) — Down slightly, showing some weakness.

$BPE (+0.66%) — Making moderate gains, continuing its strong counter-trend rally.

$CE (+0.07%) — Up slightly, joining the isolated strength in Italian mid-cap banks.

$BBVA (+0.14%) — Falling sharply, showing significant weakness and vulnerability.

$AXP (+1.18%) — Down moderately, reflecting caution in the payments sector.

$V (-1.04%) — Down slightly, mirroring the hesitation seen in other payment stocks.

🌏 Asia

$JPN225 / $KOSPI / $HK50 / $CHINA50 — Likely closed mixed to negative*as the US tech crash sentiment spread.

💱 Forex

$DXY — The Dollar Index is likely trading higher*as investors flee to safety (cash).

$EURUSD — Likely edging lower*against a stronger Dollar.

$USDJPY — Likely trading higher*reflecting the strong Dollar.

💎 Commodities & Precious Metals

$GLD (+0.06%) — Holding steady, pausing as investors prefer the $DXY$ as the primary safe haven over gold.

$CDE (-1.19%) — Flat, mirroring gold's lack of direction.

$BRENT / $WTI (W&T Offshore Inc) — Likely trading down*as growth concerns spike, tempering demand outlook.

💰 Crypto

$BTC (+2.89%) / $ETH (+2.77%) — Likely experiencing significant downward pressure, following the Nasdaq crash.

$TRX (+1.87%) — Holding steady, though the broader crypto market is likely weak.

$CRO (+3.34%) — Likely tracking the negative trend in crypto.

📈 Benchmark ETFs

$VOO (+0.37%)
$VGT (+0.26%)
$CNDX — Holding steady (0.00%) in the image, likely reflecting a pre-market halt or lag, but they are clearly heading for a sharp drop*based on their components.

$BND (+0.34%) — Flat, as bond yields likely fall (prices rise) during the flight to safety.

🔎 Deep Dive: The Great Tech Divergence

Today's story is a brutal earnings-driven divergence. The market is split in two: $MSFT (-0.99%) and $META (-2.03%) are collapsing, pulling the entire $SPX500 and risk-onsentiment down with them. Retail stocks like $BABA and $AMZN are falling in sympathy.

However, $GOOGL (-0.46%) is surging dramatically, completely disconnecting from the sector on what must be a stellar earnings report. This divergence shows the market is differentiating between AI narratives: $NVDA (+1.22%) is also holding up remarkably well (down only slightly), while other tech ($TSM (-0.85%) , $AVGO (+0.25%) ) is mixed.

Away from tech, Italian banks ($BPE (+0.66%)) continue their isolated rally, but the overall mood is clearly *risk-off*.

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⚠️ Disclaimer:*Past performance is not indicative of future results. Investing involves risks, including the loss of capital.

Significant news is rippling through the digital asset world today, originating from Germany's political landscape. Reports confirm that the Alternative für Deutschland (AfD), currently the nation's second-largest political force, has formally submitted a parliamentary motion. The proposal? For Germany to establish a national reserve held in Bitcoin ($BTC (+2.89%)).

This move comes amidst a broader global discussion about the role of digital assets in national treasuries, a topic gaining traction since El Salvador's pioneering adoption.

🤔 Deeper Dive: Why This Proposal Resonates (Even If Unlikely Now)

While it's crucial to stress this is merely a proposal by one party and faces immense political and regulatory hurdles before ever becoming reality, its introduction is noteworthy for several key reasons:

1. Major Institutional Signal: Having a prominent political party within a G7 nation ($GER40) table a formal motion to hold Bitcoin is a powerful signal. It elevates the conversation beyond corporate treasuries (like $MSTR) and into the realm of national economic strategy, suggesting Bitcoin is being considered, at least by some factions, as a potential hedge or diversification tool at the sovereign level.

2. Potential Legitimacy Catalyst: Should this motion gain unexpected political momentum or even just spark widespread debate within the Bundestag, it could significantly enhance Bitcoin's perceived legitimacy. Validation, even in discussion form, from a major European economy could influence how traditional finance, regulators, and other governments view $BTC as a potential reserve asset, potentially accelerating broader acceptance.

3. Driving the State Adoption Narrative: This development feeds directly into the long-term narrative of nation-state Bitcoin adoption. While El Salvador provided the first example, Germany's scale and influence in the EU make this proposal, even if symbolic for now, far more impactful. It raises questions about reserve diversification, potential geopolitical shifts, and the future role of non-state monetary assets.

4. Reflecting Shifting Views on Currency: The proposal implicitly touches upon growing concerns regarding traditional fiat currencies, inflation, and the existing monetary system. Proposing Bitcoin as a reserve suggests a search for alternatives or hedges against potential systemic risks within the established financial order.

🚧 Hurdles and Skepticism Remain High

It's essential to maintain perspective. This motion faces significant challenges:

Political Opposition: The AfD's proposal is likely to face strong resistance from other major political parties in Germany.

Regulatory Landscape: The EU's complex regulatory environment (MiCA) and the European Central Bank's (ECB) stance on crypto pose substantial hurdles.

Volatility & Practicality: Concerns about Bitcoin's price volatility, custody solutions for national reserves, and the ongoing ESG debate surrounding mining energy consumption are major practical and political obstacles.

📈 Potential Market & Sentiment Impact

While the immediate, direct market impact of *this motionis likely limited, news of this nature often provides a short-term sentiment boost for Bitcoin ($BTC (+2.89%)) and the broader crypto market ($ETH (+2.77%) , $TRX (+1.87%)). It reinforces the "digital gold" narrative and excites proponents of institutional and sovereign adoption.

The true significance lies less in the immediate price action and more in the long-term implications – the fact that holding Bitcoin as a national reserve is now being formally debated within a major global economy. We will need to closely monitor the political discussions and reactions surrounding this proposal in Germany.

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⚠️ Disclaimer: Past performance is not indicative of future results. Investing involves risks, including the loss of capital. This post is for informational purposes only and does not constitute political endorsement or investment advice.

Markets are displaying a mixed and cautious tonetoday, struggling to sustain the post-FOMC optimism. While the Fed's dovish signals offer support, earnings reports and sector-specific dynamics are creating significant divergence across the board.

🇺🇸 US Equities (Pre-market/Early Trading)

$SPX500 — Futures suggest a hesitant start, leaning slightly negative as tech weakness offsets gains elsewhere.

$DJ30 — Trading sideways, lacking clear direction amid ongoing sector rotation.

$NSDQ100 — Showing noticeable pressure, pulled down by declines in several major tech components.

💻 Tech & Growth Snapshot

$NVDA (+1.22%) — Surging significantly higher, clearly outperforming the market and reinforcing its leadership in the AI space.

$GOOGL (-0.46%) — Trading moderately higher, participating in some tech strength but lagging behind leaders like NVDA.

$AVGO (+0.25%) — Experiencing a slight pullback, indicating mixed sentiment within the semiconductor sector.

$META (-2.03%) — Essentially flat, hovering around the previous close with little momentum.

$MSFT (-0.99%) — Trading sideways, showing stability but lacking strong buying interest.

$QBTS (+0.38%) — Likely pulling back sharply, mirroring the negative trend in other speculative quantum names.

$RGTI (+3.75%) — Undergoing a significant correction, suggesting sharp profit-taking is hitting the quantum computing sector.

$TSM (-0.85%) — Climbing steadily higher, demonstrating notable resilience and strength within the chip industry.

$$RR. (-0.07%) — Edging slightly lower, reflecting a cautious stance in the industrial and aerospace sector.

$RKLB (+1.86%) — Showing modest gains, indicating some investor interest in the space exploration theme.

🛍️ Retail & Commerce

$AMZN (-2.86%) — Drifting slightly lower, reflecting caution surrounding consumer-focused tech giants.

$BABA (-2.64%) — Falling sharply, significantly underperforming due to persistent pressures on Chinese equities.

$CVNA (-1.15%) — Experiencing a minor dip, continuing its recent pattern of weakness.

$SHOP (+0.2%) — Trading moderately lower, indicating pressure on e-commerce enablement platforms.

⚕️ Health & Pharmaceutical

$LLY (+0.88%) — Likely trading slightly down or flat, as investors rotate out of defensive pharma names.

$HIMS (+5.07%) — Holding steady, showing no significant price change.

$INSM (-2.66%) — Flat, the biotech sector remains cautious.

🇪🇺 Europe & Industrials

STOXX 600 — Mixed performance, struggling to maintain direction as different sectors diverge.

GER40 — Trading cautiously, reflecting the uncertain global sentiment.

$LDO (+1.53%) — Experiencing moderate declines, suggesting pressure on the defense sector.

$IBE (-0.48%) — Showing slight gains, with utilities attracting some buying interest as a defensive play.

$OKLO — Pulling back moderately, indicating profit-taking in the nuclear technology space.

$CS (-4.95%) — Trading moderately lower, reflecting broader caution across parts of the European financial sector.

🏦 Banking & Finance

$UCG (+0.63%) — Making solid gains, clearly participating in the positive Italian banking trend.

$ISP (-2.6%) — Climbing strongly higher, another standout performer among Italian banks today.

$BPE (+0.66%) — Surging dramatically higher, a standout rally significantly outpacing the market.

$CE (+0.07%) Registering strong gains, joining the broader surge in Italian banks.

$BBVA (+0.14%) — Advancing solidly, the Spanish bank continues its upward trajectory.

$AXP (+1.18%) — Edging slightly lower, reflecting caution in the payments sector ahead of data/earnings.

$V (-1.04%) — Experiencing a minor dip, mirroring the hesitation seen in other payment stocks.

🌏 Asia

$JPN225 / $KOSPI / $HK50 / $CHINA50$ — Likely closed mixed to positive, carrying over optimism from the prior session.

💱 Forex

$DXY — The Dollar Index is trading mixed to slightly firmeras overall risk appetite fades somewhat.

$EURUSD — Likely edging loweragainst a relatively stable Dollar.

$USDJPY — Likely trading slightly higherreflecting cautious sentiment.

💎 Commodities & Precious Metals

$GLD (+0.06%) — Holding steady, pausing after recent significant moves as markets digest Fed comments.

$CDE (-1.19%) — Flat, mirroring gold's lack of direction.

$BRENT / $WTI — Likely trading mixed or slightly downas growth concerns temper demand outlook.

💰 Crypto

$BTC (+2.89%) / $ETH (+2.77%) — Likely experiencing downward pressure, following the weakness in the Nasdaq and broader tech sentiment.

$TRX (+1.87%) — Holding steady, showing little movement.

$CRO (+3.34%) — Not shown, likely tracking the mixed/negative trend in crypto.

📈 Benchmark ETFs

$VOO (+0.37%) / $VG / $CNDX — Likely trading flat or slightly down, reflecting the mixed and cautious market action.

$BND (+0.34%) — Likely holding steady or slightly upas bond yields stabilize.

🔎 Deep Dive: Market Divergence Post-FOMC

The initial excitement after the Fed's dovish comments has waned, revealing a highly fragmented market. While potential rate stability provides underlying support, company earnings and sector rotation are the main performance drivers today. Tech shows a clear split: leaders like $NVDA (+1.22%) and $TSM (-0.85%) power ahead, while others including $META (-2.03%) , $BABA (-2.64%) , and speculative names like $RGT face significant selling. European banks, particularly Italian ones ($UCG (+0.63%)
$ISP (-2.6%)
$BPE (+0.66%) ) along with $BBVA (+0.14%) , display remarkable strength, contrasting sharply with the caution seen in US payments ($AXP (+1.18%) , $V (-1.04%) ). Gold ($GLD (+0.06%) ) is pausing, suggesting investors are neither fully embracing risk nor rushing to safety, but rather becoming highly selective.

Follow the Analysis:

For daily real-time market insights, deep dives, and trading discussions, follow me on X: https://x.com/ThomasVioli

To copy my portfolio, strategies, and complete trade insights, you can follow me on eToro: https://www.eToro.com/people/farlys]

⚠️ Disclaimer:Past performance is not indicative of future results. Investing involves risks, including the loss of capital.

Markets open the day with cautious optimism, easing fears related to trade and inflation. Attention is focused on today's FOMC meeting and upcoming Big Tech earnings. The sentiment is generally *Risk-On*, but tempered by selective selling.

🇺🇸 US Equities (Pre-market)

$SPX500 — Futures are moving slightly higher, buoyed by easing geopolitical risks and below-expectation inflation data.

$DJ30 — Mixed/Stable, sentiment is cautious ahead of the Fed.

$NSDQ100 — Up, the Tech sector is the main beneficiary of a potential Fed pivot.

💻 Tech & Growth Snapshot

$NVDA (+1.22%) — Up, AI stocks benefit from relief over the US-China trade deal hopes.

$GOOGL (-0.46%) — Up, the Tech sector is leading.

$AVGO (+0.25%) — Up, the semiconductor complex is solid thanks to easing trade tension prospects.

$META (-2.03%) — Up, well-positioned for the earnings season.

$MSFT (-0.99%) — Up, the stock benefits from Tech enthusiasm.

$QBTS (+0.38%) — Up, *new techstocks attempt to recover from the correction.

$RGTI (+3.75%) — Up, following the recovery in speculative sentiment.

$TSM (-0.85%) — Solidly up, chip optimism is supported.

$RR. (-0.07%) — Up, the Industrial/Aerospace sector shows strength.

$RKLB (+1.86%) — Down slightly, experiencing profit-taking among aerospace *growthstocks.

🛍️ Retail & Commerce

$AMZN (-2.86%) — Up, driven by *Risk-Onand Tech.

$BABA (-2.64%) — Down, the Chinese stock faces profit-taking despite US-China trade deal hopes.

$CVNA (-1.15%) — Up, the stock follows the trend.

$SHOP (+0.2%) — Solid rise, retail tech is recovering.

⚕️ Health & Pharmaceutical

$LLY (+0.88%) — Down slightly, the defensive Pharma sector sees mild profit-taking due to the *Risk-Onshift.

$HIMS (+5.07%) — Up, in line with the general mood.

$INSM (-2.66%) — Up, the biotech sector participates in the rally.

🇪🇺 Europe & Industrials

STOXX 600 — Decidedly positive*open, driven by macro hopes and rising yields.

GER40 — Solid rise, the German market is strong.

$LDO (+1.53%) — Up, the defense sector is mixed/positive.

$IBE (-0.48%) — Mixed/Slightly down, defensive *utilitiestend to lag in a *Risk-Onenvironment.

$OKLO — Up, nuclear *new techfollows the rally.

$$CS (-4.95%) — Stable/Mixed, the European financial sector is cautious despite the *Risk-Onmood.

🏦 Banking & Finance

$$UCG (+0.63%)
$ISP (-2.6%) — Up, banks capitalize on rising bond yields.

$$BAMI (+0.1%)
$CE (+0.07%) , $BPE (+0.66%) — Up, financial stocks are positive.

$$BBVA (+0.14%) — Up slightly, showing relative strength compared to the broader cautious tone in European financials.

$AXP (+1.18%) — Down slightly, the payments sector sees profit-taking ahead of consumer data.

$V (-1.04%) — Up, payment services benefit from consumer confidence.

🌏 Asia

$JPN225 — Close with a solid rise, extending gains.

$KOSPI — Close up, Korean tech pushes the index higher.

$HK50 — Up, Asian stocks are supported by trade deal hopes.

$CHINA50 — Up, sentiment is positive.

💱 Forex

$DXY — The Dollar Index is moving sideways, awaiting the Fed meeting.

$EURUSD — Stable, in a narrow range.

$USDJPY — Up, the Dollar gains ground against the Yen.

💎 Commodities & Precious Metals

$GLD (+0.06%) — Down, gold is under pressure due to *Risk-Onand lower haven demand.

$CDE (-1.19%) — Down, following the gold correction.

$BRENT / $WTI — Up, oil is firmer thanks to easing macro risks.

💰 Crypto

$BTC (+2.89%) / $ETH (+2.77%) — Up, cryptocurrencies strengthen on *Risk-Onsentiment and contained CPI optimism.

$TRX (+1.87%) — Up, the altcoin sector is positive.

$CRO — Up, the altcoin sector is positive.

🔎 Deep Dive: FOMC and Trade Deal in Focus

The day is driven by two main themes: anticipation of the FOMC meeting outcome, where the market bets on a dovish stance, and reports of a potential US-China trade deal*suspending tariffs, a key catalyst for the tech sector. Selective weakness in names like $BABA and $AXP suggests investors are taking profits on stocks exposed to uncertain macro data before key events. The rotation is clear: Tech ($NVDA, $GOOGL) is leading, while defensive sectors ($LLY, $IBE.MC) retreat.

For daily real-time market insights, *deep dives*, and trading discussions, follow me on X: https://x.com/ThomasVioli

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⚠️ Disclaimer: Past performance is not indicative of future results. Investing involves risks, including the loss of capital.

Global markets open the week with a strong bullish tone, capitalizing on optimism from US inflation data which has fueled bets on Fed rate cuts and pushed indices to historical highs last week. Focus remains on earnings and monetary policy prospects.

🇺🇸 US Equities (Pre-market)

$SPX500 — Futures indicate a solid rise, extending gains recorded after the inflation data.

$DJ30 — Up, positive sentiment is widespread, including blue-chip stocks.

$NSDQ100 — Strong rally, the Tech sector is the main beneficiary of lower rate expectations.

💻 Tech & Growth Snapshot

$NVDA (+1.22%) — Strongly up, AI stocks continue to ride the wave of optimism.

$GOOGL (-0.46%) — Up, in line with the sector's performance.

$AVGO (+0.25%) — Solid rise, the semiconductor complex remains a key driver.

$META (-2.03%) — Up, the Communication Services sector is well-positioned.

$MSFT (-0.99%) — Up, the stock benefits from Tech enthusiasm.

$QBTS (+0.38%) — Up, new techstocks attempt to recover after correction.

$RGTI (+3.75%) — Up, following the recovery in speculative sentiment.

$TSM (-0.85%) — Solidly up, chip optimism is consolidated.

$$RR. (-0.07%) — Up, the Industrial/Aerospace sector shows strength.

🛍️ Retail & Commerce

$AMZN (-2.86%) — Strong rise, driven by *risk-onand consumer confidence.

$BABA (-2.64%) — Up, positive global sentiment supports Asian stocks.

$CVNA (-1.15%) — Up, the stock follows the trend.

$SHOP (+0.2%) — Solid rise, retail tech is fully recovering.

⚕️ Health & Pharmaceutical

$LLY (+0.88%) — Down slightly, the Pharma sector is experiencing mild profit-taking, penalized by the shift towards growth.

$HIMS (+5.07%) — Up, in line with the general mood.

$INSM (-2.66%) — Up, the biotech sector participates in the rally.

🇪🇺 Europe & Industrials

STOXX 600 — Decidedly positive*open, tracking the US sentiment.

GER40 — Solid rise, the German market is driven by optimism about rates.

$LDO (+1.53%) — Up, the defense sector is mixed/positive.

$IBE (-0.48%) — Down slightly, utilities are being sold off as defensive sectors in a risk-onenvironment.

$OKLO — Up, nuclear *new techfollows the rally.

🏦 Banking & Finance

$UCG (+0.63%) , $ISP (-2.6%) — Up, banks look to capitalize on positive sentiment.

$BAMI (+0.1%)
$CE (+0.07%) , $BPE (+0.66%) — Up, financial stocks are positive.

$BBVA (+0.14%) — Up, the financial sector participates in the rally.

$AXP (+1.18%) , $V (-1.04%) — Up, payment services benefit from consumer confidence.

💱 Forex

$DXY — The Dollar Index is moving in a slight decline, given rate cut expectations.

$EURUSD — Up, the Euro gains ground against the weaker Dollar.

$USDJPY — Stable, the Yen moves sideways.

💎 Commodities & Precious Metals

$GLD (+0.06%) — Down, gold is under pressure due to *risk-onand diminished haven demand.

$CDE (-1.19%) — Down, following the gold correction.

$BRENT / $WTI — Stable/Mixed, oil is cautious.

💰 Crypto

$BTC (+2.89%) / $ETH (+2.77%) — Up, cryptocurrencies benefit from *risk-onand liquidity expectations.

$TRX (+1.87%) , $CRO (+3.34%) — Up, the altcoin sector is positive.

🔎 Deep Dive: Optimism Returns (Rates & Earnings)

The week opens with widespread optimism, primarily fueled by the prospect of rate cuts*from the Federal Reserve and ongoing resilient corporate earnings. The weakness of the Dollar ($DXY) and the decline in Gold ($GLD) are the clearest signals of this prevailing *risk-onmood. The sector rotation is evident: defensive assets ($LLY, $IBE.MC) are giving way to Tech ($NVDA, $GOOGL) which has resumed leadership. Financial stocks ($AXP, $V) are capitalizing on consumer confidence, while *new technames ($QBTS, $RGTI) are recovering from recent lows.

For daily real-time market insights, deep dives, and trading discussions, follow me on X: https://x.com/ThomasVioli

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⚠️ Disclaimer: Past performance is not indicative of future results. Investing involves risks, including the loss of capital.

🇺🇸 USA

$SPX500 — Futures indicate a decisive surge, with the market attempting to recover losses from last week's banking sell-off.

$DJ30 — Futures in a solid rise, showing generalized risk-on sentiment.

$NSDQ100 — Futures are strongly up, with tech leading the market rebound.

💻 Tech & Growth Snapshot

$NVDA (+1.22%) — Up (0.55%), the stock is leading the semiconductor sector, confirming strong AI demand.

$GOOGL (-0.46%) — Up (0.19%), the stock joins the positive Nasdaq trend.

$AVGO (+0.25%) — Up (0.53%), the semiconductor sector benefits from renewed optimism.

$META (-2.03%) — Up (0.48%), showing a strong recovery after recent weakness.

$MSFT (-0.99%) — Up (0.36%), the stock regains momentum with positive sentiment.

$QBTS (+0.38%) — Strongly up, quantum computing sentiment has turned positive amid the tech rebound.

$RGTI (+3.75%) — Up sharply (3.08%), the quantum sector actively participates in the risk-on move.

$TSM (-0.85%) — Up sharply (2.43%), boosted by optimism in the semiconductor sector.

🛍️ Retail & Commerce

$AMZN (-2.86%) — Up (0.80%), strong pre-market recovery, led by tech.

$BABA (-2.64%) — Down (-0.57%), counter-trending Western tech, affected by Asian uncertainties.

$CVNA (-1.15%) — Up (0.57%), the stock gains ground following the broader market trend.

$SHOP (+0.2%) — Solidly up, retail tech is driven by the general risk-on mood.

⚕️ Health & Pharmaceutical

$LLY (+0.88%) — Up, tracking the general market rebound.

$HIMS (+5.07%) — Stable (0.00%), the stock is steady after last week's volatility.

$INSM (-2.66%) — Stable (0.00%), the biotech sector cautiously joins the rally.

🇪🇺 Europe

STOXX 600 — Opening solidly up, in line with global optimism.

GER40 — Decisively higher, the German market regains momentum.

$LDO (+1.53%) — Stable (0.00%), the defense sector is neutral in this rebound phase.

$$IBE (-0.48%) — Stable (0.00%), utilities are static in a risk-on environment.

$OKLO — Up sharply (1.73%), advanced nuclear technology continues its positive trend.

🏦 Banking & Finance

$$UCG (+0.63%) — Stable (0.00%), Italian banks are trying to establish a base after heavy selling.

$$ISP (-2.6%) — Stable (0.00%), awaiting clearer signals.

$$BAMI (+0.1%) , $CE (+0.07%) , $BPE (+0.66%) — Stable (0.00%), the financial sector shows caution despite the risk-on trend.

$$BBVA (+0.14%) — Stable (0.00%), the Spanish stock is leading the European banking recovery.

$AXP (+1.18%) — Up (0.59%), the payments sector participates in the rebound.

$V (-1.04%) — Up (0.07%), confirming its positive tone.

🌏 Asia

$JPN225 — Close in a solid rise, led by optimism in tech markets.

$KOSPI — Close up, Korean tech drives the index.

$HK50 — Up, tech stocks recover despite BABA's uncertainties.

$CHINA50 — Up, following positive global sentiment.

💱 Forex

$EURUSD — Up, the Dollar is losing momentum in a risk-on phase.

$GBPUSD — Up, the market positively assesses prospects for a stronger economy.

$USDJPY — Down, the Yen is gaining ground.

$DXY — The Dollar Index is showing clear weakness.

💎 Commodities & Precious Metals

$GLD (+0.06%) — Down slightly (0.00%), gold consolidates as investors shift to riskier assets.

$CDE (-1.19%) — Stable (0.00%), tracking the flat movement of gold.

$BRENT — Up, showing signs of demand recovery.

$WTI — Gaining ground, reflecting positive macroeconomic sentiment.

📈 Benchmark ETFs

$VOO (+0.37%) — Tracking $SPX500$ futures higher.

$VGT (+0.26%) — Up (0.00%), reflecting the strength of the technology sector.

$$CSNDX (+0.4%) — Up (0.00%), tracking Nasdaq futures in positive territory.

$BND (+0.34%) — Down (0.00%), reflecting rising yields.

💰 Crypto

$BTC (+2.89%) — Strong recovery, the crypto sector bounces off the bottom and gains ground.

$ETH (+2.77%) — Solidly up, following Bitcoin.

$TRX (+1.87%) — Up (0.00%), the altcoin sector participates in the rally.

$CRO (+3.34%) — Up, in line with overall positive sentiment.

🚀 Space & New Tech

$RKLB (+1.86%) — Up, sentiment for growth stocks suggests a rebound.

🔎 Deep Dive: The Return of Risk-On

The week opens with a decisive "Risk-On" mood. Markets are clearly shrugging off (for now) last week's banking tensions, focusing instead on tech-led growth ($NVDA, $TSM$) and hopes for monetary easing. The strong rally in cryptocurrencies ($BTC, $ETH$) and the weakness of the Dollar ($DXY$) are clear indicators that liquidity is flowing back into riskier assets. European banks ($BBVA.MC$) and the semiconductor sector show unexpected strength, while gold ($GLD$) pauses, confirming the shift in focus from systemic risk to growth opportunities.

For daily real-time market insights, deep dives, and trading discussions, follow me on X: https://x.com/ThomasVioli

To copy my portfolio, strategies, and complete trade insights, you can follow me on eToro: https://www.etoro.com/people/farlys

⚠️ Disclaimer: Past performance is not indicative of future results. Investing involves risks, including the loss of capital.

🇺🇸 USA

• $SPX500 — futures held modest gains, continuing upward tone post-Labor Day.

• $DJ30 — futures slightly lower, industrials under gentle pressure.

Tech Snapshot:

•$NVDA (+1.22%) — unchanged over the holiday; AI chip demand remains strong.

• $AVGO (+0.25%) — down ~3.7%, strong AI and hyperscaler demand underpinning medium-term outlook.

• $AMZN (-2.86%) — down ~1.16%; e-commerce and AWS remain growth drivers.

•$META (-2.03%) — down ~1.63%; ads and cloud revenue continue holding up.

• $MSFT (-0.99%) — down ~0.58%; cloud-led momentum supports stability.

•$SHOP (+0.2%) — down ~0.13%; e-commerce resilience offsetting recent volatility.

🇪🇺 Europe

• $EUSTX50 futures — slight dip, cautious sentiment ahead of key data.

• $GER40 futures — mild pullback.

European Banks Spotlight:

• $UCG (+0.63%) — stable; investor confidence in capital returns.

• $ISP (-2.6%) — steady; Q2 fundamentals solid.

• $BPE (+0.66%) — improving profitability trends.

•$BBVA (+0.14%) — consistent execution, stable lending growth.

• $CE (+0.07%) — reliable niche performance.

🌏 Asia

• $JPN225 — mixed; semiconductors underpin performance.

• $KOSPI — modest gains; tech sector support.

• $HK50 — rangebound; cautious China sentiment.

• $CHINA50 — modest movement; cautious positioning.

💳 Payments & Consumer

• $V — up ~0.48%; strong global transaction volumes support growth.

💊 Healthcare & Pharma

•$HIMS (+5.07%) — down ~3.97%; revenue growth remains focus.

•$LLY (+0.88%) — flat (~0.00%); supported by diabetes/obesity treatments.

• $PHIN (-0.45%) — down ~0.65%; sector momentum monitored closely.

💱 Forex

• $EURUSD — euro strengthened against USD.

• $GBPUSD — stable ahead of UK macro data.

• $USDJPY — slightly firmer.

• $DXY — softened marginally.

🥇 Gold (GLD)

• $GLD (+0.06%) — edged higher, supported by softer yields and defensive positioning.

🛢 Oil

• $WTI — held firm.

• $BRENT — held firm.

💰 Crypto

• $BTC (+2.89%) — modest gains; consolidating.

• $ETH (+2.77%) — steady in upper-$4k range.

• $TRX (+1.87%) — minor pullback after recent climb.

• $CRO (+3.34%) — retraced ~5% after breakout; volatility elevated.

Global Insight & Crypto Deep Dive

September begins cautiously: U.S. futures show tentative strength, Europe and Asia rangebound ahead of macro data (ISM, PMI, NFP). Broadcom (~–3.7%) retracement highlights sensitivity to global demand, while Amazon and Meta reflect rotation in tech. Microsoft and Shopify show relative stability.

In crypto, $BTC and $ETH remain steady, providing a base, while $CRO retraces after breakout—watch support levels closely; recovery could reignite momentum, failure could lead to deeper correction.

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🇺🇸 USA

$SPX500 ~6,427 (-0.2%) — Slight pullback after recent gains

$DJ30 ~45,165 (-0.3%) — Dow continues to consolidate near recent highs

Tech snapshot:

•$NVDA (+1.22%) — Strong performance driven by AI chip demand

•$AVGO (+0.25%) — Steady growth supported by semiconductor sector

•$GOOGL (-0.46%) — Search and cloud earnings lift stock

•$META (-2.03%) — Minor pullback after recent rally

🇪🇺 Europe

Markets slightly higher, supported by banks and earnings reports

$EUSTX50 futures +0.3%

$GER40 futures +0.4%

European Banks Spotlight:

• $UCG (+0.63%) — Strong capital returns attract investors

•$ISP (-2.6%) — Robust Q2 earnings boost confidence

•$BPE (+0.66%) — Steady growth, improving profitability

•$BBVA (+0.14%) — Spanish bank supported by stable loan growth

• $CE (+0.07%) — Niche banking player shows consistent results

Other Selected Stocks:

• $RR. (-0.07%) — Aerospace recovery continues

• $LDO (+1.53%) — Defense sector gains momentum

🌏 Asia

$JPN225 (Nikkei) +0.2% — Japanese equities mildly higher

$KOSPI +0.9% — South Korean tech lifts index

$HSI (Hang Seng) +1.5% — Chinese tech rebound

$SHCOMP (Shanghai) +0.7% — Steady gains

$TWII (Taiwan) +2.0% — Semiconductor exports drive growth

$ASX200 near fresh highs — Australian market supported by commodity prices

💱 Forex

$EURUSD ~1.165 — Euro strengthens on softer dollar

$GBPUSD~1.292 — Stable ahead of UK economic data

$USDJPY ~142.0 — Yen firming as US yields ease

$DXY (-0%) lower — Dollar weaker

🥇 Gold (ETF GLD)

$GLD (+0.06%) — Gold supported by declining yields and risk-off sentiment

🛢 Oil

$WTI ~USD 80.20 (+0.9%) — Supply concerns continue to support prices

$BRENT ~USD 84.10 (+0.8%) — Steady demand keeps Brent firm

💰 Crypto

$BTC (+2.89%) — Bitcoin consolidates near $110k after recent volatility

$ETH (+2.77%) — Ethereum remains resilient above $4.4k

$TRX (+1.87%) — TRON continues steady rise supported by strong on-chain activity

🔎 Crypto Insight:

Bitcoin shows consolidation after a minor pullback, with investors cautious ahead of US economic data. Ethereum holds its ground, demonstrating market resilience. TRON continues to climb steadily, supported by strong network activity.

🇺🇸 USA

$SPX500 slightly higher (+0.02%)

$DJ30 modestly up (+0.02%)

Tech snapshot:

• $NVDA (+1.22%) ~USD 177.99 (+1.7%)

•$AVGO (+0.25%) ~USD 294.00 (+1.5%)

•$GOOGL (-0.46%) ~USD 206.09 (+3.2%)

•$META (-2.03%) ~USD 754.79 (+2.1%)

🇪🇺 Europe

Markets higher after Powell’s dovish Jackson Hole remarks

$EUSTX50 futures +0.3%

$GER40 futures +0.4%

Selected Stocks:

•$RR. (-0.07%) ~1,043 GBp (+0.24%)

•$LDO (+1.53%) ~€47.35 (+0.68%)

•$GOOGL (-0.46%) ~USD 206.09 (+3.2%)

•$META (-2.03%) ~USD 754.79 (+2.1%)

•$NVDA (+1.22%) ~USD 177.99 (+1.7%)

•$AVGO (+0.25%) ~USD 294.00 (+1.5%)

🌏 Asia

Nikkei +0.3% — $JPN225

KOSPI +1.1%

Hang Seng +2.1%

Shanghai +0.9%

Taiwan +2.5%

Australia at multi-month highs

💱 Forex

$EURUSD ~1.16 — USD weaker post-Powell

$GBPUSD ~1.29 — GBP slightly stronger

$USDJPY ~142.5 — yen firmer as US yields ease

$DXY lower — reflecting softer dollar

🥇 Gold (ETF GLD)

$GLD ~USD 310.58 (+1.1%) — gold stronger as yields fall

🛢 Oil

$WTI ~USD 79.50 (+0.8%) — supported by falling US inventories

$BRENT ~USD 83.20 (+0.7%)

💰 Crypto

$BTC (+2.89%) ~112,272 (–2.3%)

$ETH (+2.77%) ~4,676 (–1.9%)

$TRX (+1.87%) ~0.354 (+1.4%)

🔎 Crypto Insight:

Bitcoin slipped but is holding above the $110k level after Powell’s remarks. Ethereum remains resilient above $4.6k despite selling pressure. TRON continues its steady rise, underpinned by strong on-chain activity.

👉 I slightly increased my BTC position today, staying cautiously bullish while watching Fed policy signals.

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