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 (+1,39%) — Down, the semiconductor sector is under pressure.

$GOOGL (+0,83%) — Down, the Communication Services sector is taking losses.

$AVGO (+1,54%) — Down, the semiconductor complex is negative.

$META (+0,06%) — Down, aligning with the tech sector's weakness.

$MSFT (+0,35%) — Down, the stock is losing ground.

$QBTS (+14,57%) — Sharp correction, speculative stocks are hit by profit-taking.

$RGTI (-1,06%) — Down, following the *new techcorrection.

$TSM (+1,21%) — Down, chip optimism isn't holding against macro pressure.

$RR. (-0,23%) — Down, the industrial sector is weak.

🛍️ Retail & Commerce

$AMZN (+1,17%) — Down, negative sentiment weighs on consumer confidence.

$BABA (+4,42%) — Down, global uncertainties hit Chinese stocks.

$CVNA (+2,28%) — Down, the stock is losing ground.

$SHOP (+3,02%) — 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 (+1,42%) — Down, the defense sector is cautious.

$IBE (+0,24%) — 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 (+0,96%) — 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 (+3%) / $ETH (+2,9%) — 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 (+1,39%) — Down slightly (-0.10%), the chipmaker stock is struggling to hold onto yesterday's gains.

$GOOGL (+0,83%) — Down (-0.44%), aligning with the cautious sentiment in the tech sector.

$AVGO (+1,54%) — Up slightly (0.09%), showing resilience in the semiconductor space.

$META (+0,06%) — Down slightly (-0.02%), the Communication Services sector is mixed.

$MSFT (+0,35%) — Up slightly (0.02%), the stock is essentially flat.

$QBTS (+14,57%) — Down (-0.53%), the quantum sector is actively correcting.

$RGTI (-1,06%) — Down (-0.51%), in line with the broader *new techcorrection.

$TSM (+1,21%) — Up (0.80%), showing strong resilience and helping to support the chip sector.

$RR. (-0,23%) — Down slightly (-0.06%), the Industrial/Aerospace stock is mixed.

🛍️ Retail & Commerce

$AMZN (+1,17%) — Up slightly (0.06%), essentially flat, following the mixed tech trend.

$BABA (+4,42%) — Down (-1.99%), experiencing a clear drop, reflecting heavy selling in Chinese stocks.

$CVNA (+2,28%) — Down slightly (-0.06%), losing ground.

$SHOP (+3,02%) — Down (-0.64%), retail tech is under pressure.

⚕️ Health & Pharmaceutical

$LLY (+1,21%) — Up slightly (0.01%), holding up better than the general market.

$HIMS (+1,57%) — Stable (0.00%), in line with the cautious mood.

$INSM (-1,8%) — 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 (+1,42%) — Up slightly (0.38%), the defense sector is stable.

$IBE (+0,24%) — 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 (+1,06%) — Up slightly (0.13%), Italian banks are mixed.

$ISP (+0,44%) — Up slightly (0.16%), showing a modest gain.

$BAMI (+1%)
$CE (+0,6%) , $BPE (-1,72%) — BPER Banca ($BPE.MI$) is in a massive rally (6.55%), strongly counter-trending the sector; $CE.MI$ is up $1.36\%$.

$BBVA (-0,38%) — Down (-0.81%), showing clear pressure and vulnerability today.

$AXP (+1,07%) — Down (-0.26%), ahead of today's earnings report.

$V (+0,27%) — Down (-0.19%), following cautious sentiment in the payments sector.

$CS (+0,64%) — 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 (+0,96%) — Stable (0.00%), gold is pausing after yesterday's correction.

$CDE (+0,76%) — 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 (+3%) — Down, crypto is undergoing a significant correction.

$ETH (+2,9%) — Down, following Bitcoin.

$TRX (+5,93%) — Down, the altcoin sector is negative.

$CRO (+3,94%) — Down, in line with overall negative sentiment.

🚀 Space & New Tech

$RKLB (+6,22%) — 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.

🇺🇸 USA

$SPX500 — Futures indicate a decisive surge, with the market attempting to recover losses from last week's banking sell-off.

$DJ30 — Futures in a solid rise, showing generalized risk-on sentiment.

$NSDQ100 — Futures are strongly up, with tech leading the market rebound.

💻 Tech & Growth Snapshot

$NVDA (+1,39%) — Up (0.55%), the stock is leading the semiconductor sector, confirming strong AI demand.

$GOOGL (+0,83%) — Up (0.19%), the stock joins the positive Nasdaq trend.

$AVGO (+1,54%) — Up (0.53%), the semiconductor sector benefits from renewed optimism.

$META (+0,06%) — Up (0.48%), showing a strong recovery after recent weakness.

$MSFT (+0,35%) — Up (0.36%), the stock regains momentum with positive sentiment.

$QBTS (+14,57%) — Strongly up, quantum computing sentiment has turned positive amid the tech rebound.

$RGTI (-1,06%) — Up sharply (3.08%), the quantum sector actively participates in the risk-on move.

$TSM (+1,21%) — Up sharply (2.43%), boosted by optimism in the semiconductor sector.

🛍️ Retail & Commerce

$AMZN (+1,17%) — Up (0.80%), strong pre-market recovery, led by tech.

$BABA (+4,42%) — Down (-0.57%), counter-trending Western tech, affected by Asian uncertainties.

$CVNA (+2,28%) — Up (0.57%), the stock gains ground following the broader market trend.

$SHOP (+3,02%) — Solidly up, retail tech is driven by the general risk-on mood.

⚕️ Health & Pharmaceutical

$LLY (+1,21%) — Up, tracking the general market rebound.

$HIMS (+1,57%) — Stable (0.00%), the stock is steady after last week's volatility.

$INSM (-1,8%) — Stable (0.00%), the biotech sector cautiously joins the rally.

🇪🇺 Europe

STOXX 600 — Opening solidly up, in line with global optimism.

GER40 — Decisively higher, the German market regains momentum.

$LDO (+1,42%) — Stable (0.00%), the defense sector is neutral in this rebound phase.

$$IBE (+0,24%) — Stable (0.00%), utilities are static in a risk-on environment.

$OKLO — Up sharply (1.73%), advanced nuclear technology continues its positive trend.

🏦 Banking & Finance

$$UCG (+1,06%) — Stable (0.00%), Italian banks are trying to establish a base after heavy selling.

$$ISP (+0,44%) — Stable (0.00%), awaiting clearer signals.

$$BAMI (+1%) , $CE (+0,6%) , $BPE (-1,72%) — Stable (0.00%), the financial sector shows caution despite the risk-on trend.

$$BBVA (-0,38%) — Stable (0.00%), the Spanish stock is leading the European banking recovery.

$AXP (+1,07%) — Up (0.59%), the payments sector participates in the rebound.

$V (+0,27%) — Up (0.07%), confirming its positive tone.

🌏 Asia

$JPN225 — Close in a solid rise, led by optimism in tech markets.

$KOSPI — Close up, Korean tech drives the index.

$HK50 — Up, tech stocks recover despite BABA's uncertainties.

$CHINA50 — Up, following positive global sentiment.

💱 Forex

$EURUSD — Up, the Dollar is losing momentum in a risk-on phase.

$GBPUSD — Up, the market positively assesses prospects for a stronger economy.

$USDJPY — Down, the Yen is gaining ground.

$DXY — The Dollar Index is showing clear weakness.

💎 Commodities & Precious Metals

$GLD (+0,96%) — Down slightly (0.00%), gold consolidates as investors shift to riskier assets.

$CDE (+0,76%) — Stable (0.00%), tracking the flat movement of gold.

$BRENT — Up, showing signs of demand recovery.

$WTI — Gaining ground, reflecting positive macroeconomic sentiment.

📈 Benchmark ETFs

$VOO (+0,66%) — Tracking $SPX500$ futures higher.

$VGT (+1,37%) — Up (0.00%), reflecting the strength of the technology sector.

$$CSNDX (+0,9%) — Up (0.00%), tracking Nasdaq futures in positive territory.

$BND (-0,27%) — Down (0.00%), reflecting rising yields.

💰 Crypto

$BTC (+3%) — Strong recovery, the crypto sector bounces off the bottom and gains ground.

$ETH (+2,9%) — Solidly up, following Bitcoin.

$TRX (-1,08%) — Up (0.00%), the altcoin sector participates in the rally.

$CRO (+3,94%) — Up, in line with overall positive sentiment.

🚀 Space & New Tech

$RKLB (+6,22%) — Up, sentiment for growth stocks suggests a rebound.

🔎 Deep Dive: The Return of Risk-On

The week opens with a decisive "Risk-On" mood. Markets are clearly shrugging off (for now) last week's banking tensions, focusing instead on tech-led growth ($NVDA, $TSM$) and hopes for monetary easing. The strong rally in cryptocurrencies ($BTC, $ETH$) and the weakness of the Dollar ($DXY$) are clear indicators that liquidity is flowing back into riskier assets. European banks ($BBVA.MC$) and the semiconductor sector show unexpected strength, while gold ($GLD$) pauses, confirming the shift in focus from systemic risk to growth opportunities.

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.

🇺🇸 USA

$SPX500 — Futures are moving in a decisive drop, indicating a strong negative open due to renewed regional bank stress.

$DJ30 — Futures in a sharp decline, dragged down by financial and cyclical stocks.

$NSDQ100 — Futures are markedly lower, with weakness in tech stocks solidifying.

💻 Tech & Growth Snapshot

$NVDA (+1,39%) — Up in pre-market, holding strong against the general weakness thanks to robust AI demand.

$GOOGL (+0,83%) — Under strong pressure, aligned with the overall Nasdaq decline.

$AVGO (+1,54%) — Aggressive profit-taking in the semiconductor sector.

$META (+0,06%) — Stable in pre-market, showing relative strength against its peers.

$MSFT (+0,35%) — Slight dip, following the market's bearish trend.

$QBTS (+14,57%) — Down again, volatility remains extreme in this sector.

$RGTI (-1,06%) — Down, the quantum computing sector is highly sensitive to the risk-off mood.

🛍️ Retail & Commerce

$AMZN (+1,17%) — Down in pre-market, negative sentiment weighs on consumer confidence.

$BABA (+4,42%) — Stable, counter-trending thanks to Asian positive sentiment.

$CVNA (+2,28%) — Down, the stock struggles to find a stable support base.

$SHOP (+3,02%) — Correcting some of its recent gains.

⚕️ Health & Pharmaceutical

$LLY (+1,21%) — Stable/Up slightly, the defensive sector offers timid refuge.

$HIMS (+1,57%) — Profit-taking in pre-market despite recent catalysts.

$INSM (-1,8%) — Mixed, the biotech sector moves disconnectedly, but with caution.

🇪🇺 Europe

STOXX 600 — Opening solidly up, boosted by defensive sectors and positive earnings reports.

GER40 — Up slightly, showing resilience despite US banking worries.

$LDO.MI — Up, the defense sector continues to outperform.

$IBE.MC — Stable, utilities confirm their defensive asset status.

$OKLO — Stable, the nuclear tech stock awaits concrete catalysts.

🏦 Banking & Finance

$$UCG (+1,06%) — Under strong pressure, the financial sector is generally affected by contagion fears.

$$ISP (+0,44%) — Markedly lower, negative sentiment dominates.

$$BAMI (+1%)
$CE (+0,6%) , $BPE (-1,72%) — Widespread selling on Italian banks.

$$BBVA (-0,38%) — In strong increase, counter-trending the sector due to positive corporate news or insulation from US regional bank stress.

$AXP (+1,07%) — Down in pre-market, facing consumer slowdown concerns.

$V (+0,27%) — Essentially flat, confirms its more defensive status.

🌏 Asia

$JPN225 — Close down, weighed by Wall Street losses and trade uncertainty.

$KOSPI — Close flat/slightly down, the market remains in a holding pattern.

$HK50 — Sharp fall, due to regional bank pressures and China's plenum anticipation.

$CHINA50 — Weak, caution dominates.

💱 Forex

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

$GBPUSD — Down, the Pound is under pressure.

$USDJPY — Falling sharply, the Yen is rallying as the Dollar loses momentum on Fed rate-cut hopes.

$DXY — The Dollar Index is showing strength, acting as a safe haven.

💎 Commodities & Precious Metals

$GLD (+0,96%) — Strong rally, gold hits new record highs on strong safe-haven demand.

$CDE (+0,76%) — Up sharply, following the explosive trend of gold.

$BRENT — Down slightly, global demand fears persist.

$WTI — Losing ground, affected by negative macroeconomic sentiment.

📈 Benchmark ETFs

$VOO (+0,66%) — Tracks the negative S&P 500 futures.

$VGT (+1,37%) — Down, reflecting weakness in the technology sector.

$CSNDX (+0,9%) — Tracks Nasdaq futures in negative territory.

$VWCE (+0,66%) — Stable/Down, reflects the mixed global trend.

$BND (-0,27%) — Up, as bond yields fall due to safe-haven demand.

💰 Crypto

$BTC (+3%) — Down slightly, aligned with the general risk-off mood.

$ETH (+2,9%) — Following Bitcoin, showing broad weakness.

$CRO (+3,94%) — Flat/Down slightly, in line with the rest of the market.

$TRX (+5,93%) — Down slightly, the sector struggles to find significant support.

🚀 Space & New Tech

$RKLB (+6,22%) — Weak in pre-market, aligning with other growth stocks.

🔎 Deep Dive: Gold & Banking Stress

The day is polarized: the strong safe-haven demand for Gold ($GLD) is the dominant theme, hitting new all-time highs due to persistent US regional bank stress. While European markets, specifically $BBVA.MC, show resilience and an isolated uptrend, the US futures and Italian financial stocks are struggling. The overall takeaway is a heightened sense of systemic risk, forcing investors into traditional havens while penalizing US high-beta stocks. The strength of $NVDA remains a key structural theme resisting the general decline.

⚠️ Disclaimer: Past performance is not indicative of future results. Investing involves risks, including the loss of capital.

I'm excited to share an in-depth performance review of my eToro portfolio today. I've analyzed the last 12 months, and the results clearly show that a focused strategy can significantly beat the market.

Here are the final numbers, from October 2024 to today:

• 📈 My eToro Portfolio: +53.63%
• 💻 Nasdaq 100 ($NSDQ100): +24.40%
• 📊 S&P 500 ($SPX500): +16.40%
• 🏭 Dow Jones ($DJ30): +9.78%

As the chart shows, not only did I beat the market, I more than doubled the performance of the strongest benchmark index, the Nasdaq 100! This result is proof that a targeted, high-conviction strategy can make a huge difference.

So, how did this happen? Let's break down the key pillars of my winning strategy:

1. Going Beyond the Benchmark

This year, passively investing in a Nasdaq ETF would have been a great move. But my strategy aimed higher. I focused on specific disruptive stocks within the biggest tech megatrends—names with a higher potential for exponential growth than the giants that dominate the index. This active selection is what created the real performance gap.

2. Using Volatility as Fuel

The chart is honest: during the market correction in April, my portfolio dipped lower than all the indices. That's the price of a concentrated growth portfolio. Many would have sold. I held firm, confident in my long-term thesis. The explosive recovery starting in May proved that patience and conviction were rewarded.

3. Active Selection, Not Passive Investing

These results don't come from just buying an ETF. They require active management: studying fundamentals, understanding the macro environment, and having the courage to invest in innovative companies like $RKLB, $OKLO, and $RGTI before they become mainstream.

4. Understanding the Market Narrative

The indices tell a clear story: tech ($NSDQ100) led the market, while industrial stocks ($DJ30) lagged. My strategy fully embraced this trend, concentrating capital where the real growth was happening.

Conclusion

Beating the market is tough. Beating its strongest sector is even tougher. This +53.63% return demonstrates the power of a focused strategy that accepts calculated risk to aim for extraordinary returns.

I'm proud of these results and will continue to share my journey and analysis with full transparency.

PS: The past is a lesson, not a guarantee. But the strategy remains the same: find the companies that will build our future and invest in them with conviction.

⚠️ Disclaimer: Past performance is not an indication of future results. Investing involves risks, including the loss of capital.

https://www.etoro.com/people/farlys

$SPX500 $NSDQ100 $DJ30

$AAPL (+0,45%)
$MSFT (+0,35%)
$GOOGL (+0,83%)
$AMZN (+1,17%)
$NVDA (+1,39%)
$TSLA (+1,28%)
$META (+0,06%)
$RKLB (+6,22%)
$OKLO
$RGTI (-1,06%)

🇺🇸 USA

U.S. markets closed yesterday's session with mixed and predominantly negative sentiment as traders wait to see which direction the market will take next.

• $SPX500 — Closed slightly down (-0.15%), showing uncertainty after a volatile day.
• $DJ30 — The only index showing strength, it closed in positive territory (+0.45%), supported by industrial stocks.
• $NSDQ100 — Experienced a sharper decline (-0.76%), with tech stocks facing profit-taking.

💻 Tech Snapshot

• $AVGO (+1,54%) — In a clear downturn (-3.52%), the semiconductor sector appears to be under pressure.
• $AMZN (+1,17%) — Down (-1.66%), the stock is affected by the risk-averse climate in the tech sector.
• $META (+0,06%) — Closed essentially flat (+0.02%), showing relative strength compared to the sector.
• $MSFT (+0,35%) — Slight decline (-0.09%), in line with the general uncertainty in the tech space.
• $BABA (+4,42%) — In negative territory (-2.37%), hit by the sell-off in Chinese stocks listed on Wall Street.

🇪🇺 Europe (Closing data from 10/14 and today's open)

European stock exchanges closed weak yesterday, but today's futures point to a recovery at the open, following the positive wave from Asia.

• STOXX 600 — Finished yesterday down (-0.37%) with widespread selling.
• GER40 futures — Are moving in negative territory today (-1.05% in the last 24h), still reflecting yesterday's weakness but with potential for recovery at the open.

🏦 European & Italian Banks (Closing data from 10/14)

The banking sector showed weakness in the previous session.

• $$ISP (+0,44%) — Closed lower (-0.18%).
• $$BAMI (+1%) — In decline (-0.24%).
• $$BPE (-1,72%) — Negative performance (-0.27%).
• $$CE (+0,6%) — Was up on Friday, but today's data is awaited.
• $$BBVA (-0,38%) — Closed positive (+0.44%), bucking the trend seen in the Italian sector.

🌏 Asia (Today's closing data)

Asia is the true engine of the day, with a strong wave of buying improving global sentiment.

• $JPN225 — Closed with a strong gain (+1.82%), leading the region's optimism.
• $HK50 — Excellent performance, closing with a gain of +1.78%, driven by local tech stocks.

💱 Forex

• $965275 (+0%) — Stable around the 1.1620 area, with the dollar waiting for the next moves after yesterday's mixed data.

💰 Crypto (Today's data) The crypto sector is showing signs of weakness in the early hours of the day, moving against the trend of Asian equities.

• $BTC (+3%) — Trending down, trading below €97,000 after starting the day above this level. The performance in the last few hours is approximately -1.02%.
• $ETH (+2,9%) — Following Bitcoin's weakness with a similar trend.

🔎 Deep Dive: Asia Leads, the West Waits

Today's session is marked by a clear divergence between Asia and the West. While Asian markets, particularly Japan ($JPN225) and Hong Kong ($HK50), posted strong gains and fueled a positive global sentiment, European and American markets are coming off a session of weakness and uncertainty.

• Stock Markets: The optimism from Asia is positively influencing the European open. The real question is whether this momentum will be enough to reverse the negative trend seen on Wall Street yesterday, especially in the tech sector ($NSDQ100). All eyes are on the U.S. market open to see if the Asian risk-on sentiment will be sustained.
• Crypto Market: The crypto world seems disconnected from the positive equity sentiment today. The decline in Bitcoin and Ethereum suggests that crypto investors are proceeding with more caution, perhaps waiting for confirmation from Western markets before pushing higher. This period of weakness could present an interesting accumulation zone if the global sentiment continues to improve.

PS: The strong push from Asia is an encouraging sign. I am closely monitoring the European open to see if the rebound materializes. If Europe follows Asia, we could see a return of confidence in the U.S. as well. I'm holding my positions but remain ready to manage volatility.

⚠️ Disclaimer: Past performance is not an indication of future results. Investing involves risks, including the loss of capital.

🇺🇸 USA

$SPX500 — Slight decline, the market is moving cautiously after Friday's crash, showing no clear upward momentum.

$DJ30 — Down slightly, industrial and cyclical stocks continue to be affected by recession fears.

💻 Tech Snapshot

$NVDA (+1,39%) — Under pressure, the tech sector is struggling to find support and continues to show weakness.

$QBTS (+14,57%) — Still correcting, the stock is giving up some of its recent gains.

$AVGO (+1,54%) — Down, the semiconductor sector is facing a phase of uncertainty.

$AMZN (+1,17%) — Marked decline, investors remain skeptical about business growth.

$META (+0,06%) — Down, the stock is moving in line with the general weakness of the sector.

$MSFT (+0,35%) — Downward pressure, the stock aligns with the negative sentiment in the tech market.

$SHOP (+3,02%) — Continues to decline, it has yet to find solid support after the recent crash.

🇪🇺 Europe

STOXX 600 — Decidedly negative opening, pessimism from the US and geopolitical tensions weigh on the index.

GER40 futures — Moves in significant contraction, investors are positioning themselves defensively.

🏦 European & Italian Banks

$$UCG (+1,06%) — Decisive drop, banks are still undergoing heavy selling.

$$ISP (+0,44%) — Moves into marked negative territory, the sector remains under pressure. $BAMI (+1%) , $CE (+0,6%) , $BPE (-1,72%) — Widespread selling on Italian mid-cap banks.

$BBVA.MC — Under strong pressure, international exposures amplify the fears.

🌏 Asia

$JPN225 — Down, sentiment remains negative and the Yen is strengthening.

$KOSPI — Registers a drop, the Korean tech sector is affected by the global risk-off mood.

$HK50 — Sharp decline, due to renewed tensions over US-China tariffs.

$BABA (+4,42%) — Further decline, reflecting ongoing uncertainties and the weakness of the sector.

$CHINA50 — Weak, balanced by limited government support.

💱 Forex

$EURUSD — Moves in slight contraction, the Dollar is strengthening as a safe haven. $GBPUSD — Weak, the market is assessing the economic slowdown.

$USDJPY — Stable, with investors maintaining caution.

$DXY — Solid recovery, reinforced by generalized risk-off.

🥇 Gold

$GLD (+0,96%) — In solid increase, gold confirms itself as the primary safe-haven asset during phases of strong market uncertainty.

🛢 Oil

$BRENT — Trending down, due to fears of weaker global demand resulting from recession.

$WTI — Losing ground, affected by the negative macroeconomic sentiment.

💰 Crypto

$BTC (+3%) — Slight pullback, following the risk-off in equity markets.

$ETH (+2,9%) — Following Bitcoin, showing a cautious tone in line with high-risk assets.

🔎 Deep Dive: Markets and Crypto (Yesterday - Today)

Markets continue to show clear risk aversion, with Friday's weakness consolidating at the start of this week. The initial hope for a technical bounce quickly faded.

Equity Markets: Although price levels have reached potential support zones, there has been no significant buying pressure. Investors remain on high alert for signs of an economic slowdown, US-China tariff tensions, and geopolitical risk. Selling is widespread and not limited to a single sector. High-growth tech stocks, which led the markets for most of the year, are among the hardest hit, suggesting a significant drop in confidence.

Crypto Market: The risk-off sentiment has continued to influence digital assets. Bitcoin and Ethereum have failed to find solid support and have aligned with the weakness of the equity market. Their inability to act as a safe haven during this phase of uncertainty confirms their strong correlation with broader market sentiment, particularly with the global liquidity flow. The continued strength of the Dollar (DXY) represents additional pressure, making non-USD assets less attractive.

PS: Volatility remains very high. Despite prices having fallen to potentially interesting levels, caution is mandatory. I will continue to monitor the situation, especially the reaction of gold (GLD) and the Dollar (DXY), before considering new entries.

⚠️ Disclaimer: Past performance is not indicative of future results. Investing involves risks, including the loss of capital.