Hey everyone!

As I hinted, I've officially kicked off my portfolio recalibration strategy for 2026. It's not just about "adjusting" percentages; it's about positioning for the next economic cycle.

Today's move was twofold: I've increased the capital invested in both the Italian banking sector with $UCG (+2,38%) and in the yellow metal with $GLD (+0,74%) (the Gold ETF).

🎯 The Logic Behind the Increase

1. Geopolitical Risk & Rate Expectations (Gold - $GLD (+0,74%) )

I've boosted my Gold position for two key, reinforcing reasons:

Defensive Hedge: Gold's current strong rally confirms its role as a safe-haven asset amidst global geopolitical uncertainty. Despite recent turbulence in $BTC (+0,36%) , Gold continues to consolidate its strength.

Fed Softening: Growing expectations of a Federal Reserve rate cut, supported by weaker US economic data, lead to a weaker dollar. This, in turn, makes Gold more attractive to international investors. Gold is enjoying its best performance since 1979, with analysts projecting prices up to $5,000 an ounce by 2026.

2. European Banking Sector ($UCG (+2,38%) ): Margins & Dividends

The increase in UniCredit ($UCG (+2,38%) ) is based on a thesis of value, resilience, and direct profitability:

Stable EU Rates: While the Fed is considering cuts, expectations for the European Central Bank (ECB) are that it will maintain stable rates for longer than its US counterpart. Sustained high or stable rates are a direct advantage for the interest margins of European banks.

Dividends & Buybacks: Increasing capital in UniCredit is also part of my strategy to boost the overall dividend flow of my portfolio. The bank has shown a strong commitment to shareholder remuneration through growing dividends and consistent buyback programs, thereby strengthening the passive income component of the portfolio.

Solid Fundamentals: UniCredit has demonstrated resilience and strong capital generation. Within the European context, the banking sector is viewed as a value area that continues to benefit from the operating margins offered by the current rate cycle. My strategy is to capture this value before the ECB begins a more aggressive easing cycle.

📈 Immediate Portfolio Impact

A quick update on fresh numbers: the portfolio ended November slightly down, marking -0.39%. The great news is that, in these first few days of December, the strategy has already paid off: we're already at +0.73% this month! This means we’ve fully recovered the dip from late last month and are already firmly in positive territory to finish the year strong.

What are your thoughts on these two moves? Are you exposed to Gold or European banks?

*Disclaimer: This article is for informational purposes only and does not constitute investment advice. Invest with caution.*

$GLD (+0,74%)
$UCG (+2,38%)
$BTC (+0,36%)
$BBVA (+1,62%)
$BPE (+1,91%)
$AAPL (-0,29%)
$NVDA (-0,98%)
$ASTS (+7,01%)
$HIMS (-0,59%)

November 12, 2025: The Market is Ready to Run.

The pre-market sentiment is overwhelmingly positive, driven by the powerful macro catalyst of the impending end of the longest US government shutdown. This political breakthrough, combined with signs of a slowing labor market that fuels Fed rate cut bets (67% chance in December), has unlocked broad optimism.

Our portfolio is seizing this momentum, already locking in a +0.7% gain this morning!

📈 Alpha Generation: Our Strategy Delivers

Our disciplined strategy is generating significant alpha, continuing to outperform major benchmarks over the past two months:

Portfolio Performance: Our portfolio has climbed +7.7% in the last two months.

Benchmark Performance: This compares favorably against the S&P 500's +5.63% and the Dow Jones' +3.98% in the same period.

🇪🇺 Key Drivers: Europe Leads the Charge

Today's +0.7% gain is strategically targeted, proving our positioning is correct, particularly in Europe:

1. European Financials (The Value Trade): The Eurozone rally is strong, with European indices opening positively (Frankfurt +0.59%, Paris +0.40%, Milan +0.48% at $44,652 points). This is supported by the slight easing of German inflation to $2.3% in October. Our holdings are surging:

$BPE (+1,91%)

$ISP (+1,07%)

$UCG (+2,38%)

$BBVA (+1,62%)

2. Growth Outlook (RKLB): While $RKLB is still in the red in the portfolio, we remain highly confident in its ability to return to profit soon. We are focusing on fundamental strength and long-term trends in the aerospace sector.

3. Defensive Core: Our safe-haven assets are holding steady; Gold ($GLD$) is showing slight positivity this morning, consolidating recent gains as the market anticipates the release of key US economic data.

🧠 Deep Dive: Why the Market is Running Today

The market is moving because key sources of uncertainty are clearing and liquidity expectations are rising:

Political Gridlock Ends: The House is set to vote today, November 12th, on a compromise bill that will restore funding to government agencies and end the US shutdown. This passage is crucial, as it will unblock critical economic data like CPI and employment, which have been long-awaited.

Rate Cuts Are Back on the Table: The latest weak ADP job data reinforces bets on Federal Reserve easing. Fed Funds futures are now pricing a 67% probability of a 25-basis-point cut in December. This renewed dovish sentiment is the primary fuel for equity markets, despite minor tech sector consolidation.

Contrasting Macro: The market is managing to rally despite the Treasury placing €8.5 Billion in 12-month BOTs and continued caution regarding the final signature on the funding bill.

Actionable Insight: We are positioned to benefit from the return of liquidity and the dovish pivot while capitalizing on targeted value trades in Europe. The momentum is here.

Ready to outperform the market? Copy my strategy now.

⚠️ Disclaimer: Past performance is not an indication of future results. The content above is for information and educational purposes only. Investing involves risk, and you may lose some or all of your money.

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 (-0,98%) — Trading slightly lower, indicating some profit-taking in the semiconductor space.

$GOOGL (-0,61%) — Up strongly, showing robust performance in the mega-cap tech space.

$MSFT (-0,18%) — Down significantly, acting as a drag on the overall tech sector.

$TSM (-2,26%) — Up slightly, showing resilience in the chip sector.

$AVGO (+1,5%) — Up strongly, participating in the semiconductor rally.

$RGTI (+2,92%) — 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 (-0,36%) — Up, participating in the mega-cap rally.

$BABA (-1,76%) — Up strongly, showing a significant rebound in the Chinese retail sector.

$SHOP (-2,11%) — Up, showing positive momentum.

⚕️ Health & Pharmaceutical

A positive session for the health sector:

$INSM (+3,69%) — Up, showing strength in biotech.

$HIMS (-0,59%) — 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 (-2,47%) — Up strongly, the defense sector is showing significant strength.

$IBE (-1,32%) — 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 (+1,62%) — Up strongly, the Spanish bank is showing significant gains.

$UCG (+2,38%) — Advancing higher, part of the strong European banking rally.

$ISP (+1,07%) — Up strongly, showing clear outperformance.

$BPE (+1,91%) — Surging higher, continuing its rally and leading the Italian banks.

$CE (+0,81%) — Trading slightly lower, bucking the trend of other Italian banks.

$AXP (+0,55%) / $V (+5,58%) — 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 (+0,74%) — 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 (+9,22%) — Up strongly, mirroring gold's positive direction.

💰 Crypto

$BTC (+0,36%) / $ETH (+0,07%) / $TRX (-0,04%) — 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 opens with a decisive risk-off move. Selling pressure is widespread, hitting Technology and European Equities hard, as investors reduce exposure across major sectors.

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

$SPX500 — Trading sharply lower, dragged down by losses in Tech and general risk aversion.

$DJ30 — Moving down, tracking the overall negative market sentiment.

$NSDQ100 — Leading the losses, as major tech components face significant selling pressure.

💻 Tech & Growth Snapshot

The entire sector is under pressure, reversing yesterday's gains:

$NVDA (-0,98%) — Facing selling pressure in the semiconductor space.

$GOOGL (-0,61%) — Down sharply, reflecting the market's flight from growth.

$MSFT (-0,18%) — Down, tracking the negative tech trend.

$TSM (-2,26%) — Down, showing weakness in the chip sector.

$RKLB (+9,25%) — Speculative growth continues to underperform in this environment.

🛍️ Retail & Commerce

One of the hardest-hit sectors, indicating pessimism on consumer health:

$AMZN (-0,36%) — Down significantly, hit by the broad tech sell-off.

$BABA (-1,76%) — The biggest loser on the heatmap, selling off sharply amid continued China macro concerns.

$SHOP (-2,11%) — Following the sharp negative sentiment from the e-commerce space.

⚕️ Health & Pharmaceutical

A sector showing minor relative strength, as investors seek defensive names:

$LLY (+0%) / $HIMS (-0,59%) / $INSM (+3,69%) — Likely flat or slightly down, holding up better than cyclical sectors as investors pause the rotation out of defensive pharma/biotech.

🇪🇺 Europe & Industrials

All European indices are in the red, led by Finance and Industrials:

STOXX 600 — Trading lower, with selling pressure visible in banks and autos.

GER40 — Trading lower, reflecting widespread European weakness.

Italian Indices(FTSE MIB) — Trading down approx -1.02%.

🏦 Banking & Finance

Under general pressure, reflecting global economic caution:

$UCG (+2,38%) / $CS (+1,58%) / $BPE (+1,91%) — European banks are down, but losses are relatively contained compared to Tech.

$BBVA (+1,62%) — Flat, showing relative stability against the negative trend.

$AXP (+0,55%) / $V (+5,58%) — Likely trading lower, following the broader financial and cyclical trend.

🌏 Asia

Asian markets are expected to close mixed to negative, heavily impacted by the continued sharp sell-off in major Chinese names like $BABA.

💎 Commodities & Precious Metals

$GLD (+0,74%) — Holding steady and flat.The Oro is stable near the $4,000 mark. The fact that Gold is NOT selling off alongside equities suggests this is a stock market correction/profit-taking eventrather than a systemic risk flight.

$BRENT / $WTI — Trading slightly lower, reflecting reduced expectations for global demand.

💰 Crypto

$BTC (+0,36%) / $ETH (+0,07%) / $TRX (-0,04%) — Likely moving lower, following the Nasdaq and the overall risk-off mood.

🔎 Deep Dive: The "Systemic Risk" Pause

Today is a classic "Risk-Off"day driven by profit-taking and macro uncertainty. The market is broadly selling, but the stability of Gold ($GLD)is the key takeaway. In true systemic fear, Gold skyrockets. Its flatness suggests this is a healthy, albeit painful, correction in the equity space, not a collapse. The capital is not fleeing the system, it's just rotating to the sidelines.

Despite this volatility, my view remains unchanged: I have strong, unwavering confidence in Gold as a core protective and strategic asset for the long term.

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 (-0,98%) — Advancing higher, leading the AI and semiconductor space.

$GOOGL (-0,61%) — Moving up, showing solid strength in the mega-cap tech space.

$AVGO (+1,5%) — Up moderately, participating in the semiconductor rally.

$META (+0,41%) — Showing strong gains, continuing its upward momentum.

$MSFT (-0,18%) — Up slightly, tracking the positive tech trend.

$TSM (-2,26%) — Up slightly, showing resilience in the chip sector.

$RR. (-0,7%) — Up moderately, the industrial/aerospace stock shows strength.

$RKLB (+9,25%) — Down slightly, underperforming as speculative growth faces pressure.

$RGTI (+2,92%) — Down sharply, quantum stocks are experiencing significant selling.

🛍️ Retail & Commerce

$AMZN (-0,36%) — Up moderately, participating in the mega-cap rally.

$BABA (-1,76%) — Falling sharply, the main source of weakness in the market today, dragging down the retail sector.

$CVNA (+0,76%) — Up moderately, recovering some ground.

$SHOP (-2,11%) — Down moderately, likely pulled down by the negative sentiment from $BABA$.

⚕️ Health & Pharmaceutical

$LLY (+0%) — Likely flat or slightly down, as investors rotate out of defensive pharma names.

$HIMS (-0,59%) — Holding steady, showing no significant price change.

$INSM (+3,69%) — 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 (-2,47%) — Up strongly, the defense sector is showing significant strength.

$IBE (-1,32%) — Down slightly, utilities lag as investors move away from defensive assets.

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

$CS (+1,58%) — Up moderately, joining the rally in European financials.

🏦 Banking & Finance

$UCG (+2,38%) — Advancing higher, part of the strong European banking rally.

$ISP (+1,07%) — Up strongly, showing clear outperformance.

$BPE (+1,91%) — Surging higher, continuing its massive rally and leading the Italian banks.

$CE (+0,81%) — Up strongly, another standout performer in the Italian banking sector.

$BBVA (+1,62%) — Up strongly, the Spanish bank is showing significant gains.

$AXP (+0,55%) — Up moderately, the payments sector is positive.

$V (+5,58%) — 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 (+0,74%) — Holding steady, gold is flat as investors move into equities rather than safe havens.

$CDE (+9,22%) — Flat, mirroring gold's lack of direction.

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

💰 Crypto

$BTC (+0,36%) / $ETH (+0,07%) — Likely moving higher, following the Nasdaq and the risk-onmood.

$TRX (-0,04%) — Down slightly, underperforming the broader crypto sentiment.

$CRO (+0,59%) — Not shown, likely tracking the positive risk-ontrend.

📈 Benchmark ETFs

$VOO (-0,24%) / $VGT (-0,41%) / $CNDX — Holding steady (from image), but the underlying components signal they are trading higher.

$BND (-0,42%) — 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 (-0,98%) — In a solid rise, the stock is outperforming and leading the AI sector.

$GOOGL (-0,61%) — Rallying strongly, the market reacts with euphoria to its earnings, pushing the stock higher.

$AVGO (+1,5%) — Slightly down, counter-trending the sector, showing weakness.

$META (+0,41%) — Up, the stock is recovering lost ground and joining the positive sentiment.

$MSFT (-0,18%) — Slightly up, attempting a modest recovery along with the Nasdaq rally.

$TSM (-2,26%) — Slightly up, showing resilience in the chip sector.

$RR. (-0,7%) — Slightly down, the industrial/aerospace sector is weak.

$RKLB (+9,25%) — Slightly up, showing cautious optimism in the new techspace.

$RGTI (+2,92%) — Up, the quantum sector follows the speculative sentiment.

🛍️ Retail & Commerce

$AMZN (-0,36%) — Exploding higher, the stock is dominating the market with an impressive rally, clearly following earnings that beat all expectations.

$BABA (-1,76%) — Falling sharply, continuing its negative performance, crashing against the US tech trend.

$CVNA (+0,76%) — Up, the stock is participating in the risk-onmove and recovering ground.

$SHOP (-2,11%) — Stable, failing to benefit from the $AMZN rally.

⚕️ Health & Pharmaceutical

$LLY (+0%) — Slightly down, the defensive Pharma sector is being sold as capital rotates into Tech.

$HIMS (-0,59%) — Stable, awaiting catalysts.

$INSM (+3,69%) — 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 (-2,47%) — Slightly up, the defense sector shows some strength.

$IBE (-1,32%) — Slightly up, utilities are stable/positive.

$OKLO — Stable, the nuclear stock is flat.

$CS (+1,58%) — Down, the European financial sector is weak.

🏦 Banking & Finance

$UCG (+2,38%) — Slightly up, the Italian banking sector is mixed.

$ISP (+1,07%) — Slightly up, showing modest strength.

$BPE (+1,91%) — Solidly up, continuing its outperformance and positive trend.

$CE (+0,81%) Up, another strong performer in Italian banking.

$BBVA (+1,62%) — Up, the Spanish bank is recovering ground.

$AXP (+0,55%) — Slightly down, the payments sector is weak.

$V (+5,58%) — 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 (+0,74%) — Stable, gold is flat, not benefiting from the defensive sell-off or the tech risk-on.

$CDE (+9,22%) — Stable, following gold.

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

💰 Crypto

$BTC (+0,36%) / $ETH (+0,07%) — Up, crypto is following the risk-onrally led by $AMZN and $GOOGL.

$TRX (-0,04%) — Up, the altcoin sector is participating in the positive sentiment.

$CRO (+0,59%) — Up, in line with the sector.

📈 Benchmark ETFs

$VOO (-0,24%) / $VGT (-0,41%) / $CNDX — The real sentiment is being pulled higher by their main components.

$BND (-0,42%) — 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 (-0,36%) and $GOOGL (-0,61%) are on fire, saving the $NSDQ100 single-handedly.

2. The Losers: $BABA (-1,76%) is collapsing, signaling weakness in Chinese and speculative retail.

3. The Isolated Strong:Italian banks ($BPE (+1,91%) , $CE (+0,81%) ) and $BBVA (+1,62%) continue to outperform.

4. The Defensives:Gold ($GLD (+0,74%) ) is flat, while Pharma ($LLY (+0%) ) and European financials ($CS (+1,58%)

) 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 (-0,98%) — Down slightly, showing significant resilience and holding up well compared to the broader tech wreck.

$GOOGL (-0,61%) — Surging dramatically higher, completely defying the market sell-off, likely on a stellar earnings report.

$AVGO (+1,5%) — Up moderately, showing strong relative strength in the semiconductor sector.$META (+0,41%) — Collapsing, in a sharp sell-off likely due to a major earnings miss.

$MSFT (-0,18%) — Falling sharply, a massive drop indicating a very negative reaction to its earnings, pulling the $SPX500$ down.

$QBTS (+3,98%) Not shown, but likely down significantly*in this *risk-offenvironment for speculative tech.

$RGTI (+2,92%) — Down moderately, following the negative sentiment in speculative tech.

$TSM (-2,26%) — Down slightly, giving back some recent gains.

$RR. (-0,7%) — Down moderately, the industrial/aerospace sector is weak.

$RKLB (+9,25%) — Up slightly, showing some resilience in the space sector.

🛍️ Retail & Commerce

$AMZN (-0,36%) — Down moderately, reflecting weakness in consumer-focused tech.

$BABA (-1,76%) — Down moderately, under pressure alongside other Chinese and e-commerce stocks.

$CVNA (+0,76%) — Falling sharply, continuing its pattern of high volatility and weakness.

$SHOP (-2,11%) — Down moderately, indicating pressure on e-commerce platforms.

⚕️ Health & Pharmaceutical

$LLY (+0%) — Likely flat or slightly down, as investors rotate out of defensive names or brace for the downturn.

$HIMS (-0,59%) — Holding steady, showing no significant price change.

$INSM (+3,69%) — 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 (-2,47%) — Down moderately, suggesting pressure on the defense sector.

$IBE (-1,32%) — Down slightly, utilities are also facing some selling pressure.

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

$CS (+1,58%) — Down moderately, reflecting broader caution across parts of the European financial sector.

🏦 Banking & Finance

$UCG (+2,38%) — Down moderately, following the negative trend in European financials.

$ISP (+1,07%) — Down slightly, showing some weakness.

$BPE (+1,91%) — Making moderate gains, continuing its strong counter-trend rally.

$CE (+0,81%) — Up slightly, joining the isolated strength in Italian mid-cap banks.

$BBVA (+1,62%) — Falling sharply, showing significant weakness and vulnerability.

$AXP (+0,55%) — Down moderately, reflecting caution in the payments sector.

$V (+5,58%) — 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 (+0,74%) — Holding steady, pausing as investors prefer the $DXY$ as the primary safe haven over gold.

$CDE (+9,22%) — 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 (+0,36%) / $ETH (+0,07%) — Likely experiencing significant downward pressure, following the Nasdaq crash.

$TRX (-0,04%) — Holding steady, though the broader crypto market is likely weak.

$CRO (+0,59%) — Likely tracking the negative trend in crypto.

📈 Benchmark ETFs

$VOO (-0,24%)
$VGT (-0,41%)
$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 (-0,42%) — 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 (-0,18%) and $META (+0,41%) are collapsing, pulling the entire $SPX500 and risk-onsentiment down with them. Retail stocks like $BABA and $AMZN are falling in sympathy.

However, $GOOGL (-0,61%) 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: $NVDA (-0,98%) is also holding up remarkably well (down only slightly), while other tech ($TSM (-2,26%) , $AVGO (+1,5%) ) is mixed.

Away from tech, Italian banks ($BPE (+1,91%)) 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 (-0,98%) — Surging significantly higher, clearly outperforming the market and reinforcing its leadership in the AI space.

$GOOGL (-0,61%) — Trading moderately higher, participating in some tech strength but lagging behind leaders like NVDA.

$AVGO (+1,5%) — Experiencing a slight pullback, indicating mixed sentiment within the semiconductor sector.

$META (+0,41%) — Essentially flat, hovering around the previous close with little momentum.

$MSFT (-0,18%) — Trading sideways, showing stability but lacking strong buying interest.

$QBTS (+3,98%) — Likely pulling back sharply, mirroring the negative trend in other speculative quantum names.

$RGTI (+2,92%) — Undergoing a significant correction, suggesting sharp profit-taking is hitting the quantum computing sector.

$TSM (-2,26%) — Climbing steadily higher, demonstrating notable resilience and strength within the chip industry.

$$RR. (-0,7%) — Edging slightly lower, reflecting a cautious stance in the industrial and aerospace sector.

$RKLB (+9,25%) — Showing modest gains, indicating some investor interest in the space exploration theme.

🛍️ Retail & Commerce

$AMZN (-0,36%) — Drifting slightly lower, reflecting caution surrounding consumer-focused tech giants.

$BABA (-1,76%) — Falling sharply, significantly underperforming due to persistent pressures on Chinese equities.

$CVNA (+0,76%) — Experiencing a minor dip, continuing its recent pattern of weakness.

$SHOP (-2,11%) — Trading moderately lower, indicating pressure on e-commerce enablement platforms.

⚕️ Health & Pharmaceutical

$LLY (+0%) — Likely trading slightly down or flat, as investors rotate out of defensive pharma names.

$HIMS (-0,59%) — Holding steady, showing no significant price change.

$INSM (+3,69%) — 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 (-2,47%) — Experiencing moderate declines, suggesting pressure on the defense sector.

$IBE (-1,32%) — 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 (+1,58%) — Trading moderately lower, reflecting broader caution across parts of the European financial sector.

🏦 Banking & Finance

$UCG (+2,38%) — Making solid gains, clearly participating in the positive Italian banking trend.

$ISP (+1,07%) — Climbing strongly higher, another standout performer among Italian banks today.

$BPE (+1,91%) — Surging dramatically higher, a standout rally significantly outpacing the market.

$CE (+0,81%) Registering strong gains, joining the broader surge in Italian banks.

$BBVA (+1,62%) — Advancing solidly, the Spanish bank continues its upward trajectory.

$AXP (+0,55%) — Edging slightly lower, reflecting caution in the payments sector ahead of data/earnings.

$V (+5,58%) — 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 (+0,74%) — Holding steady, pausing after recent significant moves as markets digest Fed comments.

$CDE (+9,22%) — Flat, mirroring gold's lack of direction.

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

💰 Crypto

$BTC (+0,36%) / $ETH (+0,07%) — Likely experiencing downward pressure, following the weakness in the Nasdaq and broader tech sentiment.

$TRX (-0,04%) — Holding steady, showing little movement.

$CRO (+0,59%) — Not shown, likely tracking the mixed/negative trend in crypto.

📈 Benchmark ETFs

$VOO (-0,24%) / $VG / $CNDX — Likely trading flat or slightly down, reflecting the mixed and cautious market action.

$BND (-0,42%) — 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 (-0,98%) and $TSM (-2,26%) power ahead, while others including $META (+0,41%) , $BABA (-1,76%) , and speculative names like $RGT face significant selling. European banks, particularly Italian ones ($UCG (+2,38%)
$ISP (+1,07%)
$BPE (+1,91%) ) along with $BBVA (+1,62%) , display remarkable strength, contrasting sharply with the caution seen in US payments ($AXP (+0,55%) , $V (+5,58%) ). Gold ($GLD (+0,74%) ) 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 (-0,98%) — Up, AI stocks benefit from relief over the US-China trade deal hopes.

$GOOGL (-0,61%) — Up, the Tech sector is leading.

$AVGO (+1,5%) — Up, the semiconductor complex is solid thanks to easing trade tension prospects.

$META (+0,41%) — Up, well-positioned for the earnings season.

$MSFT (-0,18%) — Up, the stock benefits from Tech enthusiasm.

$QBTS (+3,98%) — Up, *new techstocks attempt to recover from the correction.

$RGTI (+2,92%) — Up, following the recovery in speculative sentiment.

$TSM (-2,26%) — Solidly up, chip optimism is supported.

$RR. (-0,7%) — Up, the Industrial/Aerospace sector shows strength.

$RKLB (+9,25%) — Down slightly, experiencing profit-taking among aerospace *growthstocks.

🛍️ Retail & Commerce

$AMZN (-0,36%) — Up, driven by *Risk-Onand Tech.

$BABA (-1,76%) — Down, the Chinese stock faces profit-taking despite US-China trade deal hopes.

$CVNA (+0,76%) — Up, the stock follows the trend.

$SHOP (-2,11%) — Solid rise, retail tech is recovering.

⚕️ Health & Pharmaceutical

$LLY (+0%) — Down slightly, the defensive Pharma sector sees mild profit-taking due to the *Risk-Onshift.

$HIMS (-0,59%) — Up, in line with the general mood.

$INSM (+3,69%) — 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 (-2,47%) — Up, the defense sector is mixed/positive.

$IBE (-1,32%) — Mixed/Slightly down, defensive *utilitiestend to lag in a *Risk-Onenvironment.

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

$$CS (+1,58%) — Stable/Mixed, the European financial sector is cautious despite the *Risk-Onmood.

🏦 Banking & Finance

$$UCG (+2,38%)
$ISP (+1,07%) — Up, banks capitalize on rising bond yields.

$$BAMI (+1,73%)
$CE (+0,81%) , $BPE (+1,91%) — Up, financial stocks are positive.

$$BBVA (+1,62%) — Up slightly, showing relative strength compared to the broader cautious tone in European financials.

$AXP (+0,55%) — Down slightly, the payments sector sees profit-taking ahead of consumer data.

$V (+5,58%) — 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 (+0,74%) — Down, gold is under pressure due to *Risk-Onand lower haven demand.

$CDE (+9,22%) — Down, following the gold correction.

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

💰 Crypto

$BTC (+0,36%) / $ETH (+0,07%) — Up, cryptocurrencies strengthen on *Risk-Onsentiment and contained CPI optimism.

$TRX (-0,04%) — 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 (-0,98%) — Strongly up, AI stocks continue to ride the wave of optimism.

$GOOGL (-0,61%) — Up, in line with the sector's performance.

$AVGO (+1,5%) — Solid rise, the semiconductor complex remains a key driver.

$META (+0,41%) — Up, the Communication Services sector is well-positioned.

$MSFT (-0,18%) — Up, the stock benefits from Tech enthusiasm.

$QBTS (+3,98%) — Up, new techstocks attempt to recover after correction.

$RGTI (+2,92%) — Up, following the recovery in speculative sentiment.

$TSM (-2,26%) — Solidly up, chip optimism is consolidated.

$$RR. (-0,7%) — Up, the Industrial/Aerospace sector shows strength.

🛍️ Retail & Commerce

$AMZN (-0,36%) — Strong rise, driven by *risk-onand consumer confidence.

$BABA (-1,76%) — Up, positive global sentiment supports Asian stocks.

$CVNA (+0,76%) — Up, the stock follows the trend.

$SHOP (-2,11%) — Solid rise, retail tech is fully recovering.

⚕️ Health & Pharmaceutical

$LLY (+0%) — Down slightly, the Pharma sector is experiencing mild profit-taking, penalized by the shift towards growth.

$HIMS (-0,59%) — Up, in line with the general mood.

$INSM (+3,69%) — 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 (-2,47%) — Up, the defense sector is mixed/positive.

$IBE (-1,32%) — Down slightly, utilities are being sold off as defensive sectors in a risk-onenvironment.

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

🏦 Banking & Finance

$UCG (+2,38%) , $ISP (+1,07%) — Up, banks look to capitalize on positive sentiment.

$BAMI (+1,73%)
$CE (+0,81%) , $BPE (+1,91%) — Up, financial stocks are positive.

$BBVA (+1,62%) — Up, the financial sector participates in the rally.

$AXP (+0,55%) , $V (+5,58%) — 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 (+0,74%) — Down, gold is under pressure due to *risk-onand diminished haven demand.

$CDE (+9,22%) — Down, following the gold correction.

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

💰 Crypto

$BTC (+0,36%) / $ETH (+0,07%) — Up, cryptocurrencies benefit from *risk-onand liquidity expectations.

$TRX (-0,04%) , $CRO (+0,59%) — 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.