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 (+0,37%) / $ETH (+0,05%) — 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.