We are almost at the mid-month mark, and the portfolio results are exceptional. Despite general market uncertainty, our strategy is paying off with a growth of +5.01%, bolstered by a strong push over the last few days.

🏆 Benchmark Challenge: 2026 Goals in Sight

As I previously shared, outperforming the major U.S. indices is one of my primary goals for 2026. Mid-January data confirms we are on the right track:

🟢 My eToro Portfolio (farlys): +5.01%

🔵 $SPX500: +1.66%

🟣 $NSDQ100: +2.04%

We are significantly beating Wall Street, currently trailing only the most volatile assets of the moment: $BTC (+9.56%) (+7.85%), the Japanese $JPN225 (+7.12%), and $GOLD (+6.2%). As a reminder, I manage my Bitcoin exposure in a private portfolio outside of eToro for security, but its rally validates the return of a global "risk-on" sentiment.

🔥 What drove the push in the last few days?

This jump above 5% isn't accidental. Three key factors moved the market this week:

Rotation to Value and Europe: We've seen capital rotating out of "overcrowded" U.S. Tech names into sectors with stronger fundamentals. This favored our positions in $UCG (+1.33%) (UniCredit Commercial Bank) (+1.16%), $BBVA (+3.36%) (+1.14%), and $IBE (+2.57%) (Iberdrola) (+1.29%), which offer solid dividends and more attractive valuations.

The Chinese Awakening: The Chinese tech sector received a fundamental boost from new government plans to integrate AI into manufacturing. This propelled $BABA (Alibaba-ADR) (+3.59%), which remains our main engine for the start of the year.

Macro Stability: Recent inflation data has reassured investors that central banks might not need to be more aggressive than expected, fueling the momentum for "risk-on" assets and discounted growth stocks.

🛠️ The Power of Rebalancing

These results are the direct outcome of the slight rebalancing performed at the beginning of January. Reducing weight in some U.S. tech giants that dominated 2025 (like $NVDA (+7.52%) NVDA (NVIDIA Corporation) or $MSFT (+1.79%) (Microsoft), which are currently flat or slightly red in our heatmap) to pivot toward the Asian recovery and European banking solidity has allowed us to capture this "extra-return" compared to general indices.

🎯 Outlook

Beating the $SPX500 and $NSDQ100 by about 3 percentage points in just two weeks is a perfect start to our annual goal. The road is long, but our geographic and sectoral diversification is proving to be our best compass for navigating 2026.

How is your year starting? Are you keeping up with the Gold/Nikkei rally or are you still heavily anchored to U.S. indices? Let me know in the comments! 👇

Today's market is showing a mixed but generally positive tone across key sectors. While some tech giants are lagging, traditional finance, certain industrials, and defensive plays are showing strength, indicating a selective "risk-on" sentiment.

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

$SPX500 — Trading solidly higher, driven by positive sentiment in various sectors, though tech is mixed.

$DJ30 — Moving up, reflecting broad positive sentiment.

$NSDQ100 — Showing mixed performance, with some mega-cap tech names under pressure.

💻 Tech & Growth Snapshot

A mixed picture in tech, with strong gains but also significant losses:

$NVDA (+7.52%) — Trading slightly lower, indicating some profit-taking in the semiconductor space.

$GOOGL (-1.54%) — Up strongly, showing robust performance in the mega-cap tech space.

$MSFT (+1.79%) — Down significantly, acting as a drag on the overall tech sector.

$TSM (+6.5%) — Up slightly, showing resilience in the chip sector.

$AVGO (+6.67%) — Up strongly, participating in the semiconductor rally.

$RGTI (+24.13%) — Up sharply, outperforming as some speculative growth names find renewed interest.

🛍️ Retail & Commerce

A strong day for retail and e-commerce, recovering from previous sessions:

$AMZN (+3.69%) — Up, participating in the mega-cap rally.

$BABA (+3.85%) — Up strongly, showing a significant rebound in the Chinese retail sector.

$SHOP (+2.98%) — Up, showing positive momentum.

⚕️ Health & Pharmaceutical

A positive session for the health sector:

$INSM (-2.71%) — Up, showing strength in biotech.

$HIMS (+1.23%) — Up, indicating positive sentiment in health services.

🇪🇺 Europe & Industrials

European markets are generally positive, with strong performances in finance and defense:

STOXX 600 — Trading higher, led by a strong rally in the banking sector.

GER40 — Trading higher, reflecting the positive sentiment.

$LDO (+1.16%) — Up strongly, the defense sector is showing significant strength.

$IBE (+2.57%) — Trading slightly lower, utilities lag as investors move towards growth.

🏦 Banking & Finance

A very strong day for European financials, leading the overall market higher:

$BBVA (+3.36%) — Up strongly, the Spanish bank is showing significant gains.

$UCG (+1.33%) — Advancing higher, part of the strong European banking rally.

$ISP (+1.25%) — Up strongly, showing clear outperformance.

$BPE (+2.13%) — Surging higher, continuing its rally and leading the Italian banks.

$CE (+0.25%) — Trading slightly lower, bucking the trend of other Italian banks.

$AXP (+1.09%) / $V (+0.1%) — Trading higher, the payments sector is positive.

🌏 Asia

Asian markets are expected to close mixed to positive, heavily impacted by the strong rebound in major Chinese names like $BABA.

💎 Commodities & Precious Metals

$GLD (+2.8%) — Up strongly. Gold is showing significant strength today, reflecting renewed safe-haven demand or inflation concerns despite the broader mixed-to-positive equity market. I have strong, unwavering confidence in Gold as a core protective and strategic asset for the long term.

$CDE (+11.77%) — Up strongly, mirroring gold's positive direction.

💰 Crypto

$BTC (+9.56%) / $ETH (+9.25%) / $TRX (+0.59%) — Likely moving lower, following the general risk-on mood.

🔎 Deep Dive: Sector Rotation and Resilience

Today's market highlights a clear sector rotation. Investors are re-engaging with European financials and select tech names, while taking profits in others. The strong rebound in $BABA suggests a renewed, albeit cautious, appetite for growth. The strength in Gold ($GLD) alongside some equity gains is particularly noteworthy, indicating a complex sentiment where both risk-taking and wealth preservation are at play.

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.

The week kicks off with a strong, but highly selective, risk-on rally. Markets are piling into quality Tech and European Financials, while simultaneously selling off Chinese retail and speculative growth names.

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

$SPX500 — Trading solidly higher, driven by strong performance in Tech and Financials.

$DJ30 — Moving up, following the broad positive sentiment.

$NSDQ100 — Leading the gains, as major tech components are firmly in the green.

💻 Tech & Growth Snapshot

$NVDA (+7.52%) — Advancing higher, leading the AI and semiconductor space.

$GOOGL (-1.54%) — Moving up, showing solid strength in the mega-cap tech space.

$AVGO (+6.67%) — Up moderately, participating in the semiconductor rally.

$META (+0.3%) — Showing strong gains, continuing its upward momentum.

$MSFT (+1.79%) — Up slightly, tracking the positive tech trend.

$TSM (+6.5%) — Up slightly, showing resilience in the chip sector.

$RR. (+2.51%) — Up moderately, the industrial/aerospace stock shows strength.

$RKLB (+13.89%) — Down slightly, underperforming as speculative growth faces pressure.

$RGTI (+24.13%) — Down sharply, quantum stocks are experiencing significant selling.

🛍️ Retail & Commerce

$AMZN (+3.69%) — Up moderately, participating in the mega-cap rally.

$BABA (+3.85%) — Falling sharply, the main source of weakness in the market today, dragging down the retail sector.

$CVNA (+5.25%) — Up moderately, recovering some ground.

$SHOP (+2.98%) — Down moderately, likely pulled down by the negative sentiment from $BABA$.

⚕️ Health & Pharmaceutical

$LLY (+3.72%) — Likely flat or slightly down, as investors rotate out of defensive pharma names.

$HIMS (+1.23%) — Holding steady, showing no significant price change.

$INSM (-2.71%) — Flat, the biotech sector remains cautious.

🇪🇺 Europe & Industrials

STOXX 600 — Trading higher, led by a strong rally in the banking sector.

GER40 — Trading cautiously higher, reflecting the positive sentiment.

$LDO (+1.16%) — Up strongly, the defense sector is showing significant strength.

$IBE (+2.57%) — Down slightly, utilities lag as investors move away from defensive assets.

$OKLO — Holding steady, the nuclear tech stock is flat.

$CS (+1.35%) — Up moderately, joining the rally in European financials.

🏦 Banking & Finance

$UCG (+1.33%) — Advancing higher, part of the strong European banking rally.

$ISP (+1.25%) — Up strongly, showing clear outperformance.

$BPE (+2.13%) — Surging higher, continuing its massive rally and leading the Italian banks.

$CE (+0.25%) — Up strongly, another standout performer in the Italian banking sector.

$BBVA (+3.36%) — Up strongly, the Spanish bank is showing significant gains.

$AXP (+1.09%) — Up moderately, the payments sector is positive.

$V (+0.1%) — Down slightly, counter-trending the financial sector's strength.

🌏 Asia

$JPN225 / $KOSPI / $HK50 / $CHINA50$ — Likely closed mixed to negative, heavily impacted by the sharp sell-off in $BABA$.

_p_ Forex

$DXY — The Dollar Index is trading loweras risk appetite favors other currencies.

$EURUSD — Moving higheragainst a weaker Dollar.

$USDJPY — Drifting loweras the Yen gains some ground.

💎 Commodities & Precious Metals

$GLD (+2.8%) — Holding steady, gold is flat as investors move into equities rather than safe havens.

$CDE (+11.77%) — Flat, mirroring gold's lack of direction.

$BRENT / $WTI — Likely trading higheron risk-onsentiment and a weaker Dollar.

💰 Crypto

$BTC (+9.56%) / $ETH (+9.25%) — Likely moving higher, following the Nasdaq and the risk-onmood.

$TRX (+0.59%) — Down slightly, underperforming the broader crypto sentiment.

$CRO (+10.89%) — Not shown, likely tracking the positive risk-ontrend.

📈 Benchmark ETFs

$VOO (+1.66%) / $VGT (+4.19%) / $CNDX — Holding steady (from image), but the underlying components signal they are trading higher.

$BND (-0.35%) — Flat, as bond yields likely rise (prices fall) in a risk-onmove.

🔎 Deep Dive: The "Quality Growth" Rally

Today is a "flight to quality growth." The market is not buying everything; it is highly selective. There is clear strength in established Tech ($NVDA, $GOOGL) and a massive rally in European Banks ($BPE.MI, $BBVA.MC). However, there is clear weakness in Chinese Retail ($BABA, $SHOP) and speculative Tech ($RGTI, $RKLB). This divergence signals that investors are willing to take risks, but only on assets with strong fundamentals or clear momentum, while dumping assets exposed to Chinese macro or high speculation.

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.

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 (+7.52%) — In a solid rise, the stock is outperforming and leading the AI sector.

$GOOGL (-1.54%) — Rallying strongly, the market reacts with euphoria to its earnings, pushing the stock higher.

$AVGO (+6.67%) — Slightly down, counter-trending the sector, showing weakness.

$META (+0.3%) — Up, the stock is recovering lost ground and joining the positive sentiment.

$MSFT (+1.79%) — Slightly up, attempting a modest recovery along with the Nasdaq rally.

$TSM (+6.5%) — Slightly up, showing resilience in the chip sector.

$RR. (+2.51%) — Slightly down, the industrial/aerospace sector is weak.

$RKLB (+13.89%) — Slightly up, showing cautious optimism in the new techspace.

$RGTI (+24.13%) — Up, the quantum sector follows the speculative sentiment.

🛍️ Retail & Commerce

$AMZN (+3.69%) — Exploding higher, the stock is dominating the market with an impressive rally, clearly following earnings that beat all expectations.

$BABA (+3.85%) — Falling sharply, continuing its negative performance, crashing against the US tech trend.

$CVNA (+5.25%) — Up, the stock is participating in the risk-onmove and recovering ground.

$SHOP (+2.98%) — Stable, failing to benefit from the $AMZN rally.

⚕️ Health & Pharmaceutical

$LLY (+3.72%) — Slightly down, the defensive Pharma sector is being sold as capital rotates into Tech.

$HIMS (+1.23%) — Stable, awaiting catalysts.

$INSM (-2.71%) — 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 (+1.16%) — Slightly up, the defense sector shows some strength.

$IBE (+2.57%) — Slightly up, utilities are stable/positive.

$OKLO — Stable, the nuclear stock is flat.

$CS (+1.35%) — Down, the European financial sector is weak.

🏦 Banking & Finance

$UCG (+1.33%) — Slightly up, the Italian banking sector is mixed.

$ISP (+1.25%) — Slightly up, showing modest strength.

$BPE (+2.13%) — Solidly up, continuing its outperformance and positive trend.

$CE (+0.25%) Up, another strong performer in Italian banking.

$BBVA (+3.36%) — Up, the Spanish bank is recovering ground.

$AXP (+1.09%) — Slightly down, the payments sector is weak.

$V (+0.1%) — 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 (+2.8%) — Stable, gold is flat, not benefiting from the defensive sell-off or the tech risk-on.

$CDE (+11.77%) — Stable, following gold.

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

💰 Crypto

$BTC (+9.56%) / $ETH (+9.25%) — Up, crypto is following the risk-onrally led by $AMZN and $GOOGL.

$TRX (+0.59%) — Up, the altcoin sector is participating in the positive sentiment.

$CRO (+10.89%) — Up, in line with the sector.

📈 Benchmark ETFs

$VOO (+1.66%) / $VGT (+4.19%) / $CNDX — The real sentiment is being pulled higher by their main components.

$BND (-0.35%) — 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 (+3.69%) and $GOOGL (-1.54%) are on fire, saving the $NSDQ100 single-handedly.

2. The Losers: $BABA (+3.85%) is collapsing, signaling weakness in Chinese and speculative retail.

3. The Isolated Strong:Italian banks ($BPE (+2.13%) , $CE (+0.25%) ) and $BBVA (+3.36%) continue to outperform.

4. The Defensives:Gold ($GLD (+2.8%) ) is flat, while Pharma ($LLY (+3.72%) ) and European financials ($CS (+1.35%)

) are weak.

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.

🇺🇸 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 (+7.52%) — Down slightly, showing significant resilience and holding up well compared to the broader tech wreck.

$GOOGL (-1.54%) — Surging dramatically higher, completely defying the market sell-off, likely on a stellar earnings report.

$AVGO (+6.67%) — Up moderately, showing strong relative strength in the semiconductor sector.$META (+0.3%) — Collapsing, in a sharp sell-off likely due to a major earnings miss.

$MSFT (+1.79%) — Falling sharply, a massive drop indicating a very negative reaction to its earnings, pulling the $SPX500$ down.

$QBTS (+27.84%) Not shown, but likely down significantly*in this *risk-offenvironment for speculative tech.

$RGTI (+24.13%) — Down moderately, following the negative sentiment in speculative tech.

$TSM (+6.5%) — Down slightly, giving back some recent gains.

$RR. (+2.51%) — Down moderately, the industrial/aerospace sector is weak.

$RKLB (+13.89%) — Up slightly, showing some resilience in the space sector.

🛍️ Retail & Commerce

$AMZN (+3.69%) — Down moderately, reflecting weakness in consumer-focused tech.

$BABA (+3.85%) — Down moderately, under pressure alongside other Chinese and e-commerce stocks.

$CVNA (+5.25%) — Falling sharply, continuing its pattern of high volatility and weakness.

$SHOP (+2.98%) — Down moderately, indicating pressure on e-commerce platforms.

⚕️ Health & Pharmaceutical

$LLY (+3.72%) — Likely flat or slightly down, as investors rotate out of defensive names or brace for the downturn.

$HIMS (+1.23%) — Holding steady, showing no significant price change.

$INSM (-2.71%) — 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 (+1.16%) — Down moderately, suggesting pressure on the defense sector.

$IBE (+2.57%) — Down slightly, utilities are also facing some selling pressure.

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

$CS (+1.35%) — Down moderately, reflecting broader caution across parts of the European financial sector.

🏦 Banking & Finance

$UCG (+1.33%) — Down moderately, following the negative trend in European financials.

$ISP (+1.25%) — Down slightly, showing some weakness.

$BPE (+2.13%) — Making moderate gains, continuing its strong counter-trend rally.

$CE (+0.25%) — Up slightly, joining the isolated strength in Italian mid-cap banks.

$BBVA (+3.36%) — Falling sharply, showing significant weakness and vulnerability.

$AXP (+1.09%) — Down moderately, reflecting caution in the payments sector.

$V (+0.1%) — 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 (+2.8%) — Holding steady, pausing as investors prefer the $DXY$ as the primary safe haven over gold.

$CDE (+11.77%) — 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 (+9.56%) / $ETH (+9.25%) — Likely experiencing significant downward pressure, following the Nasdaq crash.

$TRX (+0.59%) — Holding steady, though the broader crypto market is likely weak.

$CRO (+10.89%) — Likely tracking the negative trend in crypto.

📈 Benchmark ETFs

$VOO (+1.66%)
$VGT (+4.19%)
$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 (-0.35%) — 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 (+1.79%) and $META (+0.3%) are collapsing, pulling the entire $SPX500 and risk-onsentiment down with them. Retail stocks like $BABA and $AMZN are falling in sympathy.

However, $GOOGL (-1.54%) 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: $NVDA (+7.52%) is also holding up remarkably well (down only slightly), while other tech ($TSM (+6.5%) , $AVGO (+6.67%) ) is mixed.

Away from tech, Italian banks ($BPE (+2.13%)) continue their isolated rally, but the overall mood is clearly *risk-off*.

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 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 (+7.52%) — Surging significantly higher, clearly outperforming the market and reinforcing its leadership in the AI space.

$GOOGL (-1.54%) — Trading moderately higher, participating in some tech strength but lagging behind leaders like NVDA.

$AVGO (+6.67%) — Experiencing a slight pullback, indicating mixed sentiment within the semiconductor sector.

$META (+0.3%) — Essentially flat, hovering around the previous close with little momentum.

$MSFT (+1.79%) — Trading sideways, showing stability but lacking strong buying interest.

$QBTS (+27.84%) — Likely pulling back sharply, mirroring the negative trend in other speculative quantum names.

$RGTI (+24.13%) — Undergoing a significant correction, suggesting sharp profit-taking is hitting the quantum computing sector.

$TSM (+6.5%) — Climbing steadily higher, demonstrating notable resilience and strength within the chip industry.

$$RR. (+2.51%) — Edging slightly lower, reflecting a cautious stance in the industrial and aerospace sector.

$RKLB (+13.89%) — Showing modest gains, indicating some investor interest in the space exploration theme.

🛍️ Retail & Commerce

$AMZN (+3.69%) — Drifting slightly lower, reflecting caution surrounding consumer-focused tech giants.

$BABA (+3.85%) — Falling sharply, significantly underperforming due to persistent pressures on Chinese equities.

$CVNA (+5.25%) — Experiencing a minor dip, continuing its recent pattern of weakness.

$SHOP (+2.98%) — Trading moderately lower, indicating pressure on e-commerce enablement platforms.

⚕️ Health & Pharmaceutical

$LLY (+3.72%) — Likely trading slightly down or flat, as investors rotate out of defensive pharma names.

$HIMS (+1.23%) — Holding steady, showing no significant price change.

$INSM (-2.71%) — 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 (+1.16%) — Experiencing moderate declines, suggesting pressure on the defense sector.

$IBE (+2.57%) — 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 (+1.35%) — Trading moderately lower, reflecting broader caution across parts of the European financial sector.

🏦 Banking & Finance

$UCG (+1.33%) — Making solid gains, clearly participating in the positive Italian banking trend.

$ISP (+1.25%) — Climbing strongly higher, another standout performer among Italian banks today.

$BPE (+2.13%) — Surging dramatically higher, a standout rally significantly outpacing the market.

$CE (+0.25%) Registering strong gains, joining the broader surge in Italian banks.

$BBVA (+3.36%) — Advancing solidly, the Spanish bank continues its upward trajectory.

$AXP (+1.09%) — Edging slightly lower, reflecting caution in the payments sector ahead of data/earnings.

$V (+0.1%) — 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 (+2.8%) — Holding steady, pausing after recent significant moves as markets digest Fed comments.

$CDE (+11.77%) — Flat, mirroring gold's lack of direction.

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

💰 Crypto

$BTC (+9.56%) / $ETH (+9.25%) — Likely experiencing downward pressure, following the weakness in the Nasdaq and broader tech sentiment.

$TRX (+0.59%) — Holding steady, showing little movement.

$CRO (+10.89%) — Not shown, likely tracking the mixed/negative trend in crypto.

📈 Benchmark ETFs

$VOO (+1.66%) / $VG / $CNDX — Likely trading flat or slightly down, reflecting the mixed and cautious market action.

$BND (-0.35%) — 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 (+7.52%) and $TSM (+6.5%) power ahead, while others including $META (+0.3%) , $BABA (+3.85%) , and speculative names like $RGT face significant selling. European banks, particularly Italian ones ($UCG (+1.33%)
$ISP (+1.25%)
$BPE (+2.13%) ) along with $BBVA (+3.36%) , display remarkable strength, contrasting sharply with the caution seen in US payments ($AXP (+1.09%) , $V (+0.1%) ). Gold ($GLD (+2.8%) ) 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.