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 (-0,56%) — In a solid rise, the stock is outperforming and leading the AI sector.
$GOOGL (+0,84%) — Rallying strongly, the market reacts with euphoria to its earnings, pushing the stock higher.
$AVGO (+0,21%) — Slightly down, counter-trending the sector, showing weakness.
$META (-0,3%) — Up, the stock is recovering lost ground and joining the positive sentiment.
$MSFT (+2,41%) — Slightly up, attempting a modest recovery along with the Nasdaq rally.
$TSM (-0,98%) — Slightly up, showing resilience in the chip sector.
$RR. (+0,41%) — Slightly down, the industrial/aerospace sector is weak.
$RKLB (-0,65%) — Slightly up, showing cautious optimism in the new techspace.
$RGTI (-0,86%) — Up, the quantum sector follows the speculative sentiment.
🛍️ Retail & Commerce
$AMZN (+3,14%) — Exploding higher, the stock is dominating the market with an impressive rally, clearly following earnings that beat all expectations.
$BABA (+5,3%) — Falling sharply, continuing its negative performance, crashing against the US tech trend.
$CVNA (+0,87%) — Up, the stock is participating in the risk-onmove and recovering ground.
$SHOP (+3,6%) — Stable, failing to benefit from the $AMZN rally.
⚕️ Health & Pharmaceutical
$LLY (+0,92%) — Slightly down, the defensive Pharma sector is being sold as capital rotates into Tech.
$HIMS (+9,98%) — Stable, awaiting catalysts.
$INSM (+0,19%) — 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 (+1,98%) — Slightly up, the defense sector shows some strength.
$IBE (+0,97%) — Slightly up, utilities are stable/positive.
$OKLO — Stable, the nuclear stock is flat.
$CS (+0,67%) — Down, the European financial sector is weak.
🏦 Banking & Finance
$UCG (+0,38%) — Slightly up, the Italian banking sector is mixed.
$ISP (+0,42%) — Slightly up, showing modest strength.
$BPE (-0,04%) — Solidly up, continuing its outperformance and positive trend.
$CE (-0,18%) Up, another strong performer in Italian banking.
$BBVA (-0,11%) — Up, the Spanish bank is recovering ground.
$AXP (-1,49%) — Slightly down, the payments sector is weak.
$V (+2,75%) — 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 (+1,62%) — Stable, gold is flat, not benefiting from the defensive sell-off or the tech risk-on.
$CDE (+1,52%) — Stable, following gold.
$BRENT / $WTI — Down, oil is dropping due to demand fears (e.g., $BABA data).
💰 Crypto
$BTC (+0,96%) / $ETH (+1,23%) — Up, crypto is following the risk-onrally led by $AMZN and $GOOGL.
$TRX (+0,06%) — Up, the altcoin sector is participating in the positive sentiment.
$CRO (-0,49%) — Up, in line with the sector.
📈 Benchmark ETFs
$VOO (+0,69%) / $VGT (+0,54%) / $CNDX — The real sentiment is being pulled higher by their main components.
$BND (+0,12%) — 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 (+3,14%) and $GOOGL (+0,84%) are on fire, saving the $NSDQ100 single-handedly.
2. The Losers: $BABA (+5,3%) is collapsing, signaling weakness in Chinese and speculative retail.
3. The Isolated Strong:Italian banks ($BPE (-0,04%) , $CE (-0,18%) ) and $BBVA (-0,11%) continue to outperform.
4. The Defensives:Gold ($GLD (+1,62%) ) is flat, while Pharma ($LLY (+0,92%) ) and European financials ($CS (+0,67%)
) are weak.
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⚠️ Disclaimer:Past performance is not indicative of future results. Investing involves risks, including the loss of capital.