$DFEN (-0,43 %)

DFEN, the VanEck Defense UCITS ETF, offers investors a powerful way to tap into the global defense industry’s growth, backed by strong fundamentals and rising geopolitical demand.

The VanEck Defense ETF (ticker: DFEN) tracks the MarketVector Global Defense Industry Index, giving investors diversified exposure to leading defense and aerospace companies worldwide. With holdings such as Palantir Technologies, RTX Corporation, Leonardo S.p.A., and Hanwha Aerospace, DFEN captures both established giants and innovative disruptors driving the sector forward.

Over the past year, DFEN has delivered an impressive +41.7% return, significantly outperforming many broad market benchmarks. This surge reflects the reality of increased global defense spending, particularly in Europe and Asia, as nations strengthen military capabilities amid heightened geopolitical tensions. For investors, this translates into a sector with resilient demand, government-backed contracts, and long-term growth potential.

Key bullish points:

• Strong performance: 1-year return of over 40%.
• Diversification: Exposure to 40+ companies across the defense and aerospace value chain.
• Macro tailwinds: Rising defense budgets worldwide, especially in NATO and Asia.
• Liquidity & scale: Assets under management exceed €6 billion, with daily trading on Deutsche Börse Xetra.
• Cost efficiency: Competitive expense ratio of 0.55%.

For potential investors, DFEN represents not just a tactical play but a strategic allocation to a sector poised for sustained growth. Defense spending is no longer cyclical—it’s structural, driven by global security needs. By investing in DFEN, you gain access to a diversified, liquid, and high-performing ETF that aligns with today’s geopolitical and economic realities.

$LDO (+1,4 %)
$PLTR (+1,53 %)
$RTX (+0,4 %)

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 (-1,18 %) — Trading slightly lower, indicating some profit-taking in the semiconductor space.

$GOOGL (-0,68 %) — Up strongly, showing robust performance in the mega-cap tech space.

$MSFT (+0,62 %) — Down significantly, acting as a drag on the overall tech sector.

$TSM (+0 %) — Up slightly, showing resilience in the chip sector.

$AVGO (+0,96 %) — Up strongly, participating in the semiconductor rally.

$RGTI (+0,22 %) — 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 (+0,95 %) — Up, participating in the mega-cap rally.

$BABA (+1,65 %) — Up strongly, showing a significant rebound in the Chinese retail sector.

$SHOP (-0,06 %) — Up, showing positive momentum.

⚕️ Health & Pharmaceutical

A positive session for the health sector:

$INSM (+0,56 %) — Up, showing strength in biotech.

$HIMS (+2,33 %) — 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 (+1,4 %) — Up strongly, the defense sector is showing significant strength.

$IBE (+0,11 %) — 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 (+0,38 %) — Up strongly, the Spanish bank is showing significant gains.

$UCG (-0,05 %) — Advancing higher, part of the strong European banking rally.

$ISP (+0,35 %) — Up strongly, showing clear outperformance.

$BPE (+0,7 %) — Surging higher, continuing its rally and leading the Italian banks.

$CE (+0,34 %) — Trading slightly lower, bucking the trend of other Italian banks.

$AXP (+0,45 %) / $V (+0,54 %) — 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 (+1,04 %) — 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 (+4,82 %) — Up strongly, mirroring gold's positive direction.

💰 Crypto

$BTC (-0,52 %) / $ETH (+0,27 %) / $TRX (+0,19 %) — 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.

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⚠️ 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 (-1,18 %) — Advancing higher, leading the AI and semiconductor space.

$GOOGL (-0,68 %) — Moving up, showing solid strength in the mega-cap tech space.

$AVGO (+0,96 %) — Up moderately, participating in the semiconductor rally.

$META (+1,63 %) — Showing strong gains, continuing its upward momentum.

$MSFT (+0,62 %) — Up slightly, tracking the positive tech trend.

$TSM (+0 %) — Up slightly, showing resilience in the chip sector.

$RR. (+0,25 %) — Up moderately, the industrial/aerospace stock shows strength.

$RKLB (+0,55 %) — Down slightly, underperforming as speculative growth faces pressure.

$RGTI (+0,22 %) — Down sharply, quantum stocks are experiencing significant selling.

🛍️ Retail & Commerce

$AMZN (+0,95 %) — Up moderately, participating in the mega-cap rally.

$BABA (+1,65 %) — Falling sharply, the main source of weakness in the market today, dragging down the retail sector.

$CVNA (+4,45 %) — Up moderately, recovering some ground.

$SHOP (-0,06 %) — Down moderately, likely pulled down by the negative sentiment from $BABA$.

⚕️ Health & Pharmaceutical

$LLY (-2,46 %) — Likely flat or slightly down, as investors rotate out of defensive pharma names.

$HIMS (+2,33 %) — Holding steady, showing no significant price change.

$INSM (+0,56 %) — 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 (+1,4 %) — Up strongly, the defense sector is showing significant strength.

$IBE (+0,11 %) — Down slightly, utilities lag as investors move away from defensive assets.

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

$CS (-0,52 %) — Up moderately, joining the rally in European financials.

🏦 Banking & Finance

$UCG (-0,05 %) — Advancing higher, part of the strong European banking rally.

$ISP (+0,35 %) — Up strongly, showing clear outperformance.

$BPE (+0,7 %) — Surging higher, continuing its massive rally and leading the Italian banks.

$CE (+0,34 %) — Up strongly, another standout performer in the Italian banking sector.

$BBVA (+0,38 %) — Up strongly, the Spanish bank is showing significant gains.

$AXP (+0,45 %) — Up moderately, the payments sector is positive.

$V (+0,54 %) — 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 (+1,04 %) — Holding steady, gold is flat as investors move into equities rather than safe havens.

$CDE (+4,82 %) — Flat, mirroring gold's lack of direction.

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

💰 Crypto

$BTC (-0,52 %) / $ETH (+0,27 %) — Likely moving higher, following the Nasdaq and the risk-onmood.

$TRX (+0,19 %) — Down slightly, underperforming the broader crypto sentiment.

$CRO (-1,81 %) — Not shown, likely tracking the positive risk-ontrend.

📈 Benchmark ETFs

$VOO (+0,38 %) / $VGT (+0,54 %) / $CNDX — Holding steady (from image), but the underlying components signal they are trading higher.

$BND (-0,16 %) — 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

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⚠️ 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 (-1,18 %) — In a solid rise, the stock is outperforming and leading the AI sector.

$GOOGL (-0,68 %) — Rallying strongly, the market reacts with euphoria to its earnings, pushing the stock higher.

$AVGO (+0,96 %) — Slightly down, counter-trending the sector, showing weakness.

$META (+1,63 %) — Up, the stock is recovering lost ground and joining the positive sentiment.

$MSFT (+0,62 %) — Slightly up, attempting a modest recovery along with the Nasdaq rally.

$TSM (+0 %) — Slightly up, showing resilience in the chip sector.

$RR. (+0,25 %) — Slightly down, the industrial/aerospace sector is weak.

$RKLB (+0,55 %) — Slightly up, showing cautious optimism in the new techspace.

$RGTI (+0,22 %) — Up, the quantum sector follows the speculative sentiment.

🛍️ Retail & Commerce

$AMZN (+0,95 %) — Exploding higher, the stock is dominating the market with an impressive rally, clearly following earnings that beat all expectations.

$BABA (+1,65 %) — Falling sharply, continuing its negative performance, crashing against the US tech trend.

$CVNA (+4,45 %) — Up, the stock is participating in the risk-onmove and recovering ground.

$SHOP (-0,06 %) — Stable, failing to benefit from the $AMZN rally.

⚕️ Health & Pharmaceutical

$LLY (-2,46 %) — Slightly down, the defensive Pharma sector is being sold as capital rotates into Tech.

$HIMS (+2,33 %) — Stable, awaiting catalysts.

$INSM (+0,56 %) — 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 (+1,4 %) — Slightly up, the defense sector shows some strength.

$IBE (+0,11 %) — Slightly up, utilities are stable/positive.

$OKLO — Stable, the nuclear stock is flat.

$CS (-0,52 %) — Down, the European financial sector is weak.

🏦 Banking & Finance

$UCG (-0,05 %) — Slightly up, the Italian banking sector is mixed.

$ISP (+0,35 %) — Slightly up, showing modest strength.

$BPE (+0,7 %) — Solidly up, continuing its outperformance and positive trend.

$CE (+0,34 %) Up, another strong performer in Italian banking.

$BBVA (+0,38 %) — Up, the Spanish bank is recovering ground.

$AXP (+0,45 %) — Slightly down, the payments sector is weak.

$V (+0,54 %) — 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 (+1,04 %) — Stable, gold is flat, not benefiting from the defensive sell-off or the tech risk-on.

$CDE (+4,82 %) — Stable, following gold.

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

💰 Crypto

$BTC (-0,52 %) / $ETH (+0,27 %) — Up, crypto is following the risk-onrally led by $AMZN and $GOOGL.

$TRX (+0,19 %) — Up, the altcoin sector is participating in the positive sentiment.

$CRO (-1,81 %) — Up, in line with the sector.

📈 Benchmark ETFs

$VOO (+0,38 %) / $VGT (+0,54 %) / $CNDX — The real sentiment is being pulled higher by their main components.

$BND (-0,16 %) — 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 (+0,95 %) and $GOOGL (-0,68 %) are on fire, saving the $NSDQ100 single-handedly.

2. The Losers: $BABA (+1,65 %) is collapsing, signaling weakness in Chinese and speculative retail.

3. The Isolated Strong:Italian banks ($BPE (+0,7 %) , $CE (+0,34 %) ) and $BBVA (+0,38 %) continue to outperform.

4. The Defensives:Gold ($GLD (+1,04 %) ) is flat, while Pharma ($LLY (-2,46 %) ) and European financials ($CS (-0,52 %)

) are weak.

Follow the Analysis:

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.

🇺🇸 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 (-1,18 %) — Down slightly, showing significant resilience and holding up well compared to the broader tech wreck.

$GOOGL (-0,68 %) — Surging dramatically higher, completely defying the market sell-off, likely on a stellar earnings report.

$AVGO (+0,96 %) — Up moderately, showing strong relative strength in the semiconductor sector.$META (+1,63 %) — Collapsing, in a sharp sell-off likely due to a major earnings miss.

$MSFT (+0,62 %) — Falling sharply, a massive drop indicating a very negative reaction to its earnings, pulling the $SPX500$ down.

$QBTS (-0,86 %) Not shown, but likely down significantly*in this *risk-offenvironment for speculative tech.

$RGTI (+0,22 %) — Down moderately, following the negative sentiment in speculative tech.

$TSM (+0 %) — Down slightly, giving back some recent gains.

$RR. (+0,25 %) — Down moderately, the industrial/aerospace sector is weak.

$RKLB (+0,55 %) — Up slightly, showing some resilience in the space sector.

🛍️ Retail & Commerce

$AMZN (+0,95 %) — Down moderately, reflecting weakness in consumer-focused tech.

$BABA (+1,65 %) — Down moderately, under pressure alongside other Chinese and e-commerce stocks.

$CVNA (+4,45 %) — Falling sharply, continuing its pattern of high volatility and weakness.

$SHOP (-0,06 %) — Down moderately, indicating pressure on e-commerce platforms.

⚕️ Health & Pharmaceutical

$LLY (-2,46 %) — Likely flat or slightly down, as investors rotate out of defensive names or brace for the downturn.

$HIMS (+2,33 %) — Holding steady, showing no significant price change.

$INSM (+0,56 %) — 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 (+1,4 %) — Down moderately, suggesting pressure on the defense sector.

$IBE (+0,11 %) — Down slightly, utilities are also facing some selling pressure.

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

$CS (-0,52 %) — Down moderately, reflecting broader caution across parts of the European financial sector.

🏦 Banking & Finance

$UCG (-0,05 %) — Down moderately, following the negative trend in European financials.

$ISP (+0,35 %) — Down slightly, showing some weakness.

$BPE (+0,7 %) — Making moderate gains, continuing its strong counter-trend rally.

$CE (+0,34 %) — Up slightly, joining the isolated strength in Italian mid-cap banks.

$BBVA (+0,38 %) — Falling sharply, showing significant weakness and vulnerability.

$AXP (+0,45 %) — Down moderately, reflecting caution in the payments sector.

$V (+0,54 %) — 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 (+1,04 %) — Holding steady, pausing as investors prefer the $DXY$ as the primary safe haven over gold.

$CDE (+4,82 %) — 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 (-0,52 %) / $ETH (+0,27 %) — Likely experiencing significant downward pressure, following the Nasdaq crash.

$TRX (+0,19 %) — Holding steady, though the broader crypto market is likely weak.

$CRO (-1,81 %) — Likely tracking the negative trend in crypto.

📈 Benchmark ETFs

$VOO (+0,38 %)
$VGT (+0,54 %)
$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 (-0,16 %) — 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 (+0,62 %) and $META (+1,63 %) are collapsing, pulling the entire $SPX500 and risk-onsentiment down with them. Retail stocks like $BABA and $AMZN are falling in sympathy.

However, $GOOGL (-0,68 %) 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: $NVDA (-1,18 %) is also holding up remarkably well (down only slightly), while other tech ($TSM (+0 %) , $AVGO (+0,96 %) ) is mixed.

Away from tech, Italian banks ($BPE (+0,7 %)) 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

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⚠️ 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 (-1,18 %) — Surging significantly higher, clearly outperforming the market and reinforcing its leadership in the AI space.

$GOOGL (-0,68 %) — Trading moderately higher, participating in some tech strength but lagging behind leaders like NVDA.

$AVGO (+0,96 %) — Experiencing a slight pullback, indicating mixed sentiment within the semiconductor sector.

$META (+1,63 %) — Essentially flat, hovering around the previous close with little momentum.

$MSFT (+0,62 %) — Trading sideways, showing stability but lacking strong buying interest.

$QBTS (-0,86 %) — Likely pulling back sharply, mirroring the negative trend in other speculative quantum names.

$RGTI (+0,22 %) — Undergoing a significant correction, suggesting sharp profit-taking is hitting the quantum computing sector.

$TSM (+0 %) — Climbing steadily higher, demonstrating notable resilience and strength within the chip industry.

$$RR. (+0,25 %) — Edging slightly lower, reflecting a cautious stance in the industrial and aerospace sector.

$RKLB (+0,55 %) — Showing modest gains, indicating some investor interest in the space exploration theme.

🛍️ Retail & Commerce

$AMZN (+0,95 %) — Drifting slightly lower, reflecting caution surrounding consumer-focused tech giants.

$BABA (+1,65 %) — Falling sharply, significantly underperforming due to persistent pressures on Chinese equities.

$CVNA (+4,45 %) — Experiencing a minor dip, continuing its recent pattern of weakness.

$SHOP (-0,06 %) — Trading moderately lower, indicating pressure on e-commerce enablement platforms.

⚕️ Health & Pharmaceutical

$LLY (-2,46 %) — Likely trading slightly down or flat, as investors rotate out of defensive pharma names.

$HIMS (+2,33 %) — Holding steady, showing no significant price change.

$INSM (+0,56 %) — 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 (+1,4 %) — Experiencing moderate declines, suggesting pressure on the defense sector.

$IBE (+0,11 %) — 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 (-0,52 %) — Trading moderately lower, reflecting broader caution across parts of the European financial sector.

🏦 Banking & Finance

$UCG (-0,05 %) — Making solid gains, clearly participating in the positive Italian banking trend.

$ISP (+0,35 %) — Climbing strongly higher, another standout performer among Italian banks today.

$BPE (+0,7 %) — Surging dramatically higher, a standout rally significantly outpacing the market.

$CE (+0,34 %) Registering strong gains, joining the broader surge in Italian banks.

$BBVA (+0,38 %) — Advancing solidly, the Spanish bank continues its upward trajectory.

$AXP (+0,45 %) — Edging slightly lower, reflecting caution in the payments sector ahead of data/earnings.

$V (+0,54 %) — 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 (+1,04 %) — Holding steady, pausing after recent significant moves as markets digest Fed comments.

$CDE (+4,82 %) — Flat, mirroring gold's lack of direction.

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

💰 Crypto

$BTC (-0,52 %) / $ETH (+0,27 %) — Likely experiencing downward pressure, following the weakness in the Nasdaq and broader tech sentiment.

$TRX (+0,19 %) — Holding steady, showing little movement.

$CRO (-1,81 %) — Not shown, likely tracking the mixed/negative trend in crypto.

📈 Benchmark ETFs

$VOO (+0,38 %) / $VG / $CNDX — Likely trading flat or slightly down, reflecting the mixed and cautious market action.

$BND (-0,16 %) — 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 (-1,18 %) and $TSM (+0 %) power ahead, while others including $META (+1,63 %) , $BABA (+1,65 %) , and speculative names like $RGT face significant selling. European banks, particularly Italian ones ($UCG (-0,05 %)
$ISP (+0,35 %)
$BPE (+0,7 %) ) along with $BBVA (+0,38 %) , display remarkable strength, contrasting sharply with the caution seen in US payments ($AXP (+0,45 %) , $V (+0,54 %) ). Gold ($GLD (+1,04 %) ) 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 (-1,18 %) — Up, AI stocks benefit from relief over the US-China trade deal hopes.

$GOOGL (-0,68 %) — Up, the Tech sector is leading.

$AVGO (+0,96 %) — Up, the semiconductor complex is solid thanks to easing trade tension prospects.

$META (+1,63 %) — Up, well-positioned for the earnings season.

$MSFT (+0,62 %) — Up, the stock benefits from Tech enthusiasm.

$QBTS (-0,86 %) — Up, *new techstocks attempt to recover from the correction.

$RGTI (+0,22 %) — Up, following the recovery in speculative sentiment.

$TSM (+0 %) — Solidly up, chip optimism is supported.

$RR. (+0,25 %) — Up, the Industrial/Aerospace sector shows strength.

$RKLB (+0,55 %) — Down slightly, experiencing profit-taking among aerospace *growthstocks.

🛍️ Retail & Commerce

$AMZN (+0,95 %) — Up, driven by *Risk-Onand Tech.

$BABA (+1,65 %) — Down, the Chinese stock faces profit-taking despite US-China trade deal hopes.

$CVNA (+4,45 %) — Up, the stock follows the trend.

$SHOP (-0,06 %) — Solid rise, retail tech is recovering.

⚕️ Health & Pharmaceutical

$LLY (-2,46 %) — Down slightly, the defensive Pharma sector sees mild profit-taking due to the *Risk-Onshift.

$HIMS (+2,33 %) — Up, in line with the general mood.

$INSM (+0,56 %) — 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 (+1,4 %) — Up, the defense sector is mixed/positive.

$IBE (+0,11 %) — Mixed/Slightly down, defensive *utilitiestend to lag in a *Risk-Onenvironment.

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

$$CS (-0,52 %) — Stable/Mixed, the European financial sector is cautious despite the *Risk-Onmood.

🏦 Banking & Finance

$$UCG (-0,05 %)
$ISP (+0,35 %) — Up, banks capitalize on rising bond yields.

$$BAMI (-0,62 %)
$CE (+0,34 %) , $BPE (+0,7 %) — Up, financial stocks are positive.

$$BBVA (+0,38 %) — Up slightly, showing relative strength compared to the broader cautious tone in European financials.

$AXP (+0,45 %) — Down slightly, the payments sector sees profit-taking ahead of consumer data.

$V (+0,54 %) — 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 (+1,04 %) — Down, gold is under pressure due to *Risk-Onand lower haven demand.

$CDE (+4,82 %) — Down, following the gold correction.

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

💰 Crypto

$BTC (-0,52 %) / $ETH (+0,27 %) — Up, cryptocurrencies strengthen on *Risk-Onsentiment and contained CPI optimism.

$TRX (+0,19 %) — 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

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.

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 (-1,18 %) — Strongly up, AI stocks continue to ride the wave of optimism.

$GOOGL (-0,68 %) — Up, in line with the sector's performance.

$AVGO (+0,96 %) — Solid rise, the semiconductor complex remains a key driver.

$META (+1,63 %) — Up, the Communication Services sector is well-positioned.

$MSFT (+0,62 %) — Up, the stock benefits from Tech enthusiasm.

$QBTS (-0,86 %) — Up, new techstocks attempt to recover after correction.

$RGTI (+0,22 %) — Up, following the recovery in speculative sentiment.

$TSM (+0 %) — Solidly up, chip optimism is consolidated.

$$RR. (+0,25 %) — Up, the Industrial/Aerospace sector shows strength.

🛍️ Retail & Commerce

$AMZN (+0,95 %) — Strong rise, driven by *risk-onand consumer confidence.

$BABA (+1,65 %) — Up, positive global sentiment supports Asian stocks.

$CVNA (+4,45 %) — Up, the stock follows the trend.

$SHOP (-0,06 %) — Solid rise, retail tech is fully recovering.

⚕️ Health & Pharmaceutical

$LLY (-2,46 %) — Down slightly, the Pharma sector is experiencing mild profit-taking, penalized by the shift towards growth.

$HIMS (+2,33 %) — Up, in line with the general mood.

$INSM (+0,56 %) — 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 (+1,4 %) — Up, the defense sector is mixed/positive.

$IBE (+0,11 %) — Down slightly, utilities are being sold off as defensive sectors in a risk-onenvironment.

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

🏦 Banking & Finance

$UCG (-0,05 %) , $ISP (+0,35 %) — Up, banks look to capitalize on positive sentiment.

$BAMI (-0,62 %)
$CE (+0,34 %) , $BPE (+0,7 %) — Up, financial stocks are positive.

$BBVA (+0,38 %) — Up, the financial sector participates in the rally.

$AXP (+0,45 %) , $V (+0,54 %) — 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 (+1,04 %) — Down, gold is under pressure due to *risk-onand diminished haven demand.

$CDE (+4,82 %) — Down, following the gold correction.

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

💰 Crypto

$BTC (-0,52 %) / $ETH (+0,27 %) — Up, cryptocurrencies benefit from *risk-onand liquidity expectations.

$TRX (+0,19 %) , $CRO (-1,81 %) — 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

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.