Global markets are in a phase of sharp correction*and risk aversion. Caution over the unfolding earnings season is combining with persistent worries about the Dollar and slowing growth, pushing the vast majority of sectors lower.

🇺🇸 US Equities (Pre-market)

S&P 500 (Futures) — Moving in a decisive drop, markets are pricing in a strong negative open.

$DJ30 — Sharp decline, dragged down by industrial and financial stocks.

$NSDQ100 — Under heavy pressure, the tech sector is the hardest hit by renewed *risk-offsentiment.

💻 Tech & Growth Snapshot

$NVDA (-1,17 %) — Down, the semiconductor sector is under pressure.

$GOOGL (+0,53 %) — Down, the Communication Services sector is taking losses.

$AVGO (-0,59 %) — Down, the semiconductor complex is negative.

$META (+0,33 %) — Down, aligning with the tech sector's weakness.

$MSFT (+0,65 %) — Down, the stock is losing ground.

$QBTS (-14,63 %) — Sharp correction, speculative stocks are hit by profit-taking.

$RGTI (-15,74 %) — Down, following the *new techcorrection.

$TSM (-1,97 %) — Down, chip optimism isn't holding against macro pressure.

$RR. (-2,36 %) — Down, the industrial sector is weak.

🛍️ Retail & Commerce

$AMZN (-1,75 %) — Down, negative sentiment weighs on consumer confidence.

$BABA (-0,97 %) — Down, global uncertainties hit Chinese stocks.

$CVNA (-8,15 %) — Down, the stock is losing ground.

$SHOP (-1,79 %) — Down, retail tech is under pressure.

🇪🇺 Europe & Industrials

STOXX 600 — Decidedly negative*open, global pessimism is hitting Europe.

GER40 — Sharp drop, weakness is widespread.

$LDO (+0,3 %) — Down, the defense sector is cautious.

$IBE (-0,56 %) — Down, utilities are under pressure.

$OKLO — Down, the new tech stock is seeing profit-taking.

🏦 Banks & Finance

$UCG.MI, $ISP.MI — Down, the banking sector is under global pressure.

$BAMI.MI, $CE.MI, $BPE.MI — Down, Italian banks are giving up ground after the recent isolated rally.

$BBVA.MC — Down, the financial sector is impacted by the *risk-offmove.

$AXP, $V — Down, payment services are affected by consumer spending fears.

💱 Forex

$DXY — The Dollar Index is moving in a solid rally, acting as a haven in this environment.

$EURUSD — Down, the Euro loses ground against the Dollar.

$USDJPY — Up, the Yen is weakening due to the strong Dollar.

💎 Commodities & Precious Metals

$GLD (-0,78 %) — Sharp correction, gold is down amid profit-taking after the recent double top (near $4400$).

$BRENT / $WTI — Down, oil is under pressure due to global demand fears.

💰 Crypto

$BTC (-0,2 %) / $ETH (-0,23 %) — Down, cryptocurrencies are under heavy pressure and aligned with the equity *risk-offmove, testing critical support levels.

In Summary: Caution has turned into fear. Weakness is generalized, with investors retreating from growth assets and even traditional havens like Gold, primarily driven by the strength of the Dollar. Focus remains squarely on $NFLX$ and $TSLA$ earnings, which could set the tone for the rest of the week.

Follow the Analysis:

For daily real-time market insights, *deep dives*, and trading discussions, follow me on X: [https://x.com/ThomasVioli](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](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 indicate a slight decline, showing loss of momentum after yesterday's rally, driven by negative tech futures.

$DJ30 — Down slightly, affected by the cautious sentiment and renewed Dollar strength.

$NSDQ100 — Under pressure, the tech rally has faded, leading to pre-market weakness.

💻 Tech & Growth Snapshot

$NVDA (-1,17 %) — Down slightly (-0.10%), the chipmaker stock is struggling to hold onto yesterday's gains.

$GOOGL (+0,53 %) — Down (-0.44%), aligning with the cautious sentiment in the tech sector.

$AVGO (-0,59 %) — Up slightly (0.09%), showing resilience in the semiconductor space.

$META (+0,33 %) — Down slightly (-0.02%), the Communication Services sector is mixed.

$MSFT (+0,65 %) — Up slightly (0.02%), the stock is essentially flat.

$QBTS (-14,63 %) — Down (-0.53%), the quantum sector is actively correcting.

$RGTI (-15,74 %) — Down (-0.51%), in line with the broader *new techcorrection.

$TSM (-1,97 %) — Up (0.80%), showing strong resilience and helping to support the chip sector.

$RR. (-2,36 %) — Down slightly (-0.06%), the Industrial/Aerospace stock is mixed.

🛍️ Retail & Commerce

$AMZN (-1,75 %) — Up slightly (0.06%), essentially flat, following the mixed tech trend.

$BABA (-0,97 %) — Down (-1.99%), experiencing a clear drop, reflecting heavy selling in Chinese stocks.

$CVNA (-8,15 %) — Down slightly (-0.06%), losing ground.

$SHOP (-1,79 %) — Down (-0.64%), retail tech is under pressure.

⚕️ Health & Pharmaceutical

$LLY (+1,53 %) — Up slightly (0.01%), holding up better than the general market.

$HIMS (-3,84 %) — Stable (0.00%), in line with the cautious mood.

$INSM (-2,8 %) — Stable (0.00%), the biotech sector is mixed.

🇪🇺 Europe & Industrials

STOXX 600 — Opening solidly up, exceeding initial caution (resilience driven by defensive sectors).

GER40 — Up, showing resilience.

$LDO (+0,3 %) — Up slightly (0.38%), the defense sector is stable.

$IBE (-0,56 %) — Up (0.53%), the utilities sector is in the green, showing defensive appeal.

$OKLO — Down (-0.56%), the new tech stock is experiencing profit-taking.

🏦 Banking & Finance

$UCG (-2,45 %) — Up slightly (0.13%), Italian banks are mixed.

$ISP (-0,49 %) — Up slightly (0.16%), showing a modest gain.

$BAMI (-1,13 %)
$CE (-0,3 %) , $BPE (-3,33 %) — BPER Banca ($BPE.MI$) is in a massive rally (6.55%), strongly counter-trending the sector; $CE.MI$ is up $1.36\%$.

$BBVA (+0,22 %) — Down (-0.81%), showing clear pressure and vulnerability today.

$AXP (-1,4 %) — Down (-0.26%), ahead of today's earnings report.

$V (-0,61 %) — Down (-0.19%), following cautious sentiment in the payments sector.

$CS (-0,66 %) — Up slightly (0.15%), the financial services sector is mixed.

🌏 Asia

$JPN225 — Close in a solid gain, with the Nikkei hitting $50,000$.

$KOSPI — Close mixed/stable, Korean tech holds up.

$HK50 — Up, the index is recovering.

$CHINA50 — Up, tracking positive global sentiment.

💱 Forex

$EURUSD — Down, the Euro loses ground as the Dollar recovers.

$GBPUSD — Down, the Pound is under pressure.

$USDJPY — Solidly up, the Yen is falling as the Dollar makes a strong recovery.

$DXY — The Dollar Index is moving sharply higher, breaking the risk-on sentiment.

💎 Commodities & Precious Metals

$GLD (-0,78 %) — Stable (0.00%), gold is pausing after yesterday's correction.

$CDE (+1,55 %) — Stable (0.00%), following the gold correction.

$BRENT — Down slightly, oil drops to a 5-month low.

$WTI — Losing ground, in line with Brent.

💰 Crypto

$BTC (-0,2 %) — Down, crypto is undergoing a significant correction.

$ETH (-0,23 %) — Down, following Bitcoin.

$TRX (-3,28 %) — Down, the altcoin sector is negative.

$CRO (-0,15 %) — Down, in line with overall negative sentiment.

🚀 Space & New Tech

$RKLB (-7,11 %) — Up (2.75%), strong counter-trend move in high-beta growth stocks.

🔎 Deep Dive: The Market Divergence

The key theme today is divergence. US indices futures are soft, but specific European stocks are surging (BPER Banca is up over $6\%$) in a massive counter-trend move, highlighting local corporate strength despite global caution. The New Tech sector is mixed: $TSM$ is surprisingly up, while $NVDA$ is slightly down. The Dollar ($DXY$) continues its strength, penalizing risk assets like Bitcoin ($BTC$), while Utilities ($IBE.MC$) and specific banks demonstrate insulation. Today is a major test with $NFLX and $LMT reporting.

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.

Little addition to the portfolio 🚀

I’ve been investing for a few years but have only recently started tracking performance on here.

I’m heavily invested in industrials ($AIR (-0,99 %) , $RR. (-2,36 %) ) and dabble with some tech as well. Open to suggestions on new holdings, specifically tech options which are going for cheap. I think a lot of tech is highly inflated at the moment and I don’t want to be a part of that bubble when it goes pop haha.

I have an investment horizon of 5 to 10 years so am looking for stable medium term holds.

Let me know!!

🇺🇸 USA

The S&P 500 and Dow saw a mild pullback after recent gains, with tech leading the resilience.

Tech snapshot:

• $NVDA (-1,17 %) showed strength as AI chip demand remains strong

• $AVGO (-0,59 %) continued steady growth, supported by semiconductors

• $GOOGL (+0,53 %) gained momentum from search and cloud earnings

• $META (+0,33 %) had a slight pullback after its recent rally

🇪🇺 Europe

European markets ticked higher, helped by banks and corporate earnings.

Banks in focus:

• $UCG (-2,45 %) continued to attract investors with strong capital returns

• $ISP (-0,49 %) benefited from robust Q2 earnings

• $BPE (-3,33 %) Banca maintained steady growth

• $BBVA (+0,22 %) was supported by stable loan growth

• $CE (-0,3 %) showed consistent results

Other notable names included $RR. (-2,36 %) , boosted by aerospace recovery, and $LDO (+0,3 %) , riding momentum in defense.

🌏 Asia

Asian markets were broadly higher, with Japan, Korea, China, and Taiwan supported by tech and semiconductor exports. Australia pushed toward new highs on commodities strength.

💱 Forex

The euro strengthened against the dollar, while sterling held steady ahead of UK data. The yen firmed as US yields eased, keeping the dollar index on the back foot.

🥇 Gold

Gold remained supported by softer yields and risk-off flows.

🛢 Oil

WTI and Brent gained on ongoing supply concerns and steady demand.

💰 Crypto

Bitcoin consolidated after recent volatility, Ethereum showed resilience above key levels, and TRON continued its steady climb with strong network activity.

$CRO (-0,15 %) attracted extra attention today, as its ecosystem expansion and staking programs fueled growing community engagement — signaling that it could become a more relevant player in the next market cycle.

🔎 Global Insight

Markets are showing a mixed but generally constructive tone across regions. Equities in the US remain supported by tech strength, while Europe benefits from strong banks and industrials. Asia continues to ride the semiconductor wave, and commodities like oil and gold stay firm. In crypto, the spotlight is on Bitcoin’s consolidation, Ethereum’s stability, and CRO’s growing presence — pointing to a market where selective plays are starting to shine.

💬 Community Note

If you enjoy my daily analysis, leave a comment and follow me here on Getquin — I love discussing the markets with this community!