🥇📈 Gold hit its highest level since late June as weak payrolls data and hopes for a Strait of Hormuz reopening fueled safe-haven buying. Gold miners ETF (GDX) popped, Newmont and Barrick both up 6-7%.

$GDX (-5,29%)
$GLD (-2,59%)

#Gold
#SafeHaven

Good morning everyone! ☕️ Today the market is moving on mixed tracks, with some top performers continuing to outshine while traditional sectors reflect recent macroeconomic dynamics. Here is a detailed breakdown of what’s driving today’s movements:

🚀 Communications & Space Economy ($ASTS (-5,8%) ) The satellite communications sector remains the undisputed protagonist. $ASTS (-5,8%) continues to show impressive relative strength, driven by operational progress on the BlueBird constellation. Investors are rewarding the company's ability to scale direct-to-cell broadband services, positioning it as a leader in a high-barrier market.

🏛️ Finance & Banking ($UCG (-4,3%) , $BBVA (-3,36%) , $ISP (-3,7%) ) European banks are showing resilience despite slight pullbacks in local markets.

UniCredit & Intesa Sanpaolo: Benefiting from solid fundamentals and shareholder remuneration policies (dividends and buybacks) among the highest in the sector.

2026 Scenario: The banking sector remains "value-oriented," trading at attractive multiples compared to tech, with an increasing focus on M&A and resilient fee-based income.

💻 Big Tech & AI ($META (-11,37%) , $MSFT (-1,94%) ,$GOOGL (-2,93%) ) The tech sector is in a "wait-and-see" mode ahead of next week's earnings. $META (-11,37%) leads the pack thanks to optimized AI ad spending, while $MSFT (-1,94%) and $GOOGL (-3,06%) reflect a tactical rotation toward more concrete AI infrastructure. Growth is solid, but the market is demanding clear proof of direct monetization.

🛍️ Retail & E-commerce ($BABA (-2,37%) , $CVNA (-0,89%) , $AMZN (-4,39%) )

China: Signs of recovery for $BABA (-2,37%) , supported by improving domestic consumer sentiment.

Personal Note: To be honest, I spent too much time studying the fundamentals and entered $BABA (-2,37%) late. Currently, the position is at a slight loss (approx -1%), but my long-term conviction remains intact. I plan to strengthen this position during my next rebalancing to optimize the entry price.

Consumer: $CVNA (-0,89%) is benefiting from a stabilizing used car market thanks to less aggressive interest rates compared to previous peaks.

💊 Health & MedTech ($HIMS (-1,38%) , $INSM (+0,45%) ) There is strong interest in companies integrating AI and healthcare. However, $HIMS is the most "volatile" part of my portfolio. I’ve seen virtual gains swing from +120% to -5%. While I believe in the business model, its volatility increases my risk score. With a future Popular Investor application in mind, risk stability is my priority. Therefore, I plan to liquidate the position at the next turn-up once my minimum gain target is met to stabilize my portfolio stats. 📉⚖️

🪙 Commodities & Safe Havens ($GLD (-2,59%) , $TRX (-4,3%) )

Gold: With $GLD (-2,59%) nearing all-time highs (around the $4,900+ area), investors are seeking protection against geopolitical uncertainties.

Crypto: Besides my $BTC (-0,22%) stack in cold storage, $TRX (-4,3%) is the only altcoin I’ve chosen to hold here on eToro. I strongly believe in the sustainability of the Tron network for global transactions. I am seriously considering increasing exposure in the coming days, viewing it as an asymmetric bet with great potential.

🎯 Towards the Popular Investor Program: As mentioned at the beginning of the year, I am working to make this portfolio as balanced as possible for future copiers. Risk management comes before spectacular but unstable profits.

How are you managing volatility in the more aggressive Tech stocks? What do you think about the rotation toward European banks? Let me know in the comments! 👇

$XAU (-0,96%)
$GLD (-2,59%)

The inflation hype's fading fast, and a sharp pullback feels inevitable.

But here's our spin - we see it tagging that 3600 YTD AVWAP line where the big institutional whales are chilling, then bouncing hard. No freefall beyond that.

Sell signal? Not yet. We're watching like hawks and ready to pivot when it flashes.

See chart - momentum has already broken on our indicators - we are watching for volume pressure to break - and then short the drop.

Who's with us on this ride? Drop your gold predictions below - let's debate!

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 (-4,3%) and in the yellow metal with $GLD (-2,59%) (the Gold ETF).

🎯 The Logic Behind the Increase

1. Geopolitical Risk & Rate Expectations (Gold - $GLD (-2,59%) )

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 (-0,22%) , 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 (-4,3%) ): Margins & Dividends

The increase in UniCredit ($UCG (-4,3%) ) 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 (-2,59%)
$UCG (-4,3%)
$BTC (-0,22%)
$BBVA (-3,36%)
$BPE (-3,08%)
$AAPL (+1,43%)
$NVDA (-4,41%)
$ASTS (-5,8%)
$HIMS (-1,38%)

Another tough morning in the pre-market: deep red across global indices, heavy volatility, and a lot of panic selling.

My own portfolio hasn’t been immune — the past two weeks have brought a meaningful pullback, and I’m currently looking at my largest single-month drawdown ever, around −5%.

The same weakness shows up on my other accounts (Directa, T212)… and the crypto segment is suffering even more.

But here’s the important part:

📊 When you zoom out, the narrative changes.

If we look only at the last few days, everything looks bad.

If we look at the last few weeks, it still doesn’t look great.

But if we zoom out to the last 6 months, suddenly things make a lot more sense.

As the chart shows, my portfolio has outperformed the major market benchmarks over the mid-term horizon — including the S&P 500, the Nasdaq 100, and Bitcoin.

📈 6-month performance (as of November 2025)

* My portfolio: +18.06%

* S&P 500: +11.28%

* Nasdaq 100: +13.67%

* BTC: −17.17%

📈 Full-year context (YTD)

Even with the current correction, 2025 remains a very solid year:

* My YTD performance: +49.80%

* S&P 500 YTD: +17.00%

That’s nearly 3× the benchmark — achieved through structure, diversification, and discipline.

These numbers reflect a key point:

A well-structured, diversified approach doesn’t crumble because of a bad week or a bad month.

💡 The lesson? Don’t let short-term noise dictate long-term decisions.

Periods of market stress, profit-taking, and repositioning are normal.

They happen every year — often multiple times.

Selling in panic is usually the worst possible move.

When the market is shaky, what matters is:

* A solid strategy

* Consistent risk management

* Patience

* Long-term conviction

In the end, temporary volatility is just that: temporary.

Performance is built over *months and years*, not days.

I’m attaching the 6-month comparison vs major benchmarks

Stay focused, stay rational, and trust the process.

Volatility creates opportunities — panic destroys them.

Let me know about your portfolio and your thoughts!

$NVDA (-4,41%)
$GLD (-2,59%)
$BTC (-0,22%)
$MSFT (-1,94%)
$HIMS (-1,38%)
$GOOGL (-3,06%)

This week has certainly tested market sentiment. In challenging times like these, it's crucial to go back to basics and reconnect with our initial goals.

When I look at my strategy, I always refer back to my vision: my original goal for 2025 was a modest +7%. I later set an even more ambitious target: to consistently outperform the S&P 500right here on eToro.

At the moment:

📈 S&P500 YTD +15% (GOAL)

📈 MY YTD +47%

As a long-term investor, my reaction to negative days is never driven by impulse. Instead, I use them as moments for strategic clarity:

I review my strategy and reconfirm my long-term theses.

I rebalanceif necessary, but I strictly avoid making moves dictated by emotion or short-term market noise.

I remind myself that this is a journey, not a sprint. We are currently close to achieving 7 timesmy initial yearly objective, and that confidence is rooted in disciplined execution, not luck.

Stick to your plan, trust your research, and keep your long-term goals in sight.

Let's make this another green monthly close! This is the message i want to tell to all my followers!

How do you feel about red weeks? Let's talk about that!

$NVDA (-4,41%)
$BTC
#market
#etoro
#crypto
#btc
$AAPL (+1,43%)
$GOOGL (-3,06%)
$IREN (-9,27%)
$GLD (-2,59%)

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 (-4,41%) — Trading slightly lower, indicating some profit-taking in the semiconductor space.

$GOOGL (-3,06%) — Up strongly, showing robust performance in the mega-cap tech space.

$MSFT (-1,94%) — Down significantly, acting as a drag on the overall tech sector.

$TSM (-4,61%) — Up slightly, showing resilience in the chip sector.

$AVGO (-3,58%) — Up strongly, participating in the semiconductor rally.

$RGTI (-5,6%) — 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 (-4,39%) — Up, participating in the mega-cap rally.

$BABA (-2,37%) — Up strongly, showing a significant rebound in the Chinese retail sector.

$SHOP (-5,19%) — Up, showing positive momentum.

⚕️ Health & Pharmaceutical

A positive session for the health sector:

$INSM (+0,45%) — Up, showing strength in biotech.

$HIMS (-1,38%) — 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 (+0,6%) — Up strongly, the defense sector is showing significant strength.

$IBE (+0,53%) — 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 (-3,36%) — Up strongly, the Spanish bank is showing significant gains.

$UCG (-4,3%) — Advancing higher, part of the strong European banking rally.

$ISP (-3,7%) — Up strongly, showing clear outperformance.

$BPE (-3,08%) — Surging higher, continuing its rally and leading the Italian banks.

$CE (-2,81%) — Trading slightly lower, bucking the trend of other Italian banks.

$AXP (+0,83%) / $V (+1,53%) — 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 (-2,59%) — 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 (-8,07%) — Up strongly, mirroring gold's positive direction.

💰 Crypto

$BTC (-0,22%) / $ETH (+0,06%) / $TRX (+0,3%) — 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 (-4,41%) — Facing selling pressure in the semiconductor space.

$GOOGL (-3,06%) — Down sharply, reflecting the market's flight from growth.

$MSFT (-1,94%) — Down, tracking the negative tech trend.

$TSM (-4,61%) — Down, showing weakness in the chip sector.

$RKLB (-5,71%) — Speculative growth continues to underperform in this environment.

🛍️ Retail & Commerce

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

$AMZN (-4,39%) — Down significantly, hit by the broad tech sell-off.

$BABA (-2,37%) — The biggest loser on the heatmap, selling off sharply amid continued China macro concerns.

$SHOP (-5,19%) — Following the sharp negative sentiment from the e-commerce space.

⚕️ Health & Pharmaceutical

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

$LLY (+2,96%) / $HIMS (-1,38%) / $INSM (+0,45%) — 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 (-4,3%) / $CS (-2,46%) / $BPE (-3,08%) — European banks are down, but losses are relatively contained compared to Tech.

$BBVA (-3,36%) — Flat, showing relative stability against the negative trend.

$AXP (+0,83%) / $V (+1,53%) — 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 (-2,59%) — 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 (-0,22%) / $ETH (+0,06%) / $TRX (+0,3%) — 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 (-4,41%) — Advancing higher, leading the AI and semiconductor space.

$GOOGL (-3,06%) — Moving up, showing solid strength in the mega-cap tech space.

$AVGO (-3,58%) — Up moderately, participating in the semiconductor rally.

$META (-11,37%) — Showing strong gains, continuing its upward momentum.

$MSFT (-1,94%) — Up slightly, tracking the positive tech trend.

$TSM (-4,61%) — Up slightly, showing resilience in the chip sector.

$RR. (-5,47%) — Up moderately, the industrial/aerospace stock shows strength.

$RKLB (-5,71%) — Down slightly, underperforming as speculative growth faces pressure.

$RGTI (-5,6%) — Down sharply, quantum stocks are experiencing significant selling.

🛍️ Retail & Commerce

$AMZN (-4,39%) — Up moderately, participating in the mega-cap rally.

$BABA (-2,37%) — Falling sharply, the main source of weakness in the market today, dragging down the retail sector.

$CVNA (-0,89%) — Up moderately, recovering some ground.

$SHOP (-5,19%) — Down moderately, likely pulled down by the negative sentiment from $BABA$.

⚕️ Health & Pharmaceutical

$LLY (+2,96%) — Likely flat or slightly down, as investors rotate out of defensive pharma names.

$HIMS (-1,38%) — Holding steady, showing no significant price change.

$INSM (+0,45%) — 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 (+0,6%) — Up strongly, the defense sector is showing significant strength.

$IBE (+0,53%) — Down slightly, utilities lag as investors move away from defensive assets.

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

$CS (-2,46%) — Up moderately, joining the rally in European financials.

🏦 Banking & Finance

$UCG (-4,3%) — Advancing higher, part of the strong European banking rally.

$ISP (-3,7%) — Up strongly, showing clear outperformance.

$BPE (-3,08%) — Surging higher, continuing its massive rally and leading the Italian banks.

$CE (-2,81%) — Up strongly, another standout performer in the Italian banking sector.

$BBVA (-3,36%) — Up strongly, the Spanish bank is showing significant gains.

$AXP (+0,83%) — Up moderately, the payments sector is positive.

$V (+1,53%) — 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 (-2,59%) — Holding steady, gold is flat as investors move into equities rather than safe havens.

$CDE (-8,07%) — Flat, mirroring gold's lack of direction.

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

💰 Crypto

$BTC (-0,22%) / $ETH (+0,06%) — Likely moving higher, following the Nasdaq and the risk-onmood.

$TRX (+0,3%) — Down slightly, underperforming the broader crypto sentiment.

$CRO (+0,68%) — Not shown, likely tracking the positive risk-ontrend.

📈 Benchmark ETFs

$VOO (-1,12%) / $VGT (-3%) / $CNDX — Holding steady (from image), but the underlying components signal they are trading higher.

$BND (+1%) — 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 (-4,41%) — In a solid rise, the stock is outperforming and leading the AI sector.

$GOOGL (-3,06%) — Rallying strongly, the market reacts with euphoria to its earnings, pushing the stock higher.

$AVGO (-3,58%) — Slightly down, counter-trending the sector, showing weakness.

$META (-11,37%) — Up, the stock is recovering lost ground and joining the positive sentiment.

$MSFT (-1,94%) — Slightly up, attempting a modest recovery along with the Nasdaq rally.

$TSM (-4,61%) — Slightly up, showing resilience in the chip sector.

$RR. (-5,47%) — Slightly down, the industrial/aerospace sector is weak.

$RKLB (-5,71%) — Slightly up, showing cautious optimism in the new techspace.

$RGTI (-5,6%) — Up, the quantum sector follows the speculative sentiment.

🛍️ Retail & Commerce

$AMZN (-4,39%) — Exploding higher, the stock is dominating the market with an impressive rally, clearly following earnings that beat all expectations.

$BABA (-2,37%) — Falling sharply, continuing its negative performance, crashing against the US tech trend.

$CVNA (-0,89%) — Up, the stock is participating in the risk-onmove and recovering ground.

$SHOP (-5,19%) — Stable, failing to benefit from the $AMZN rally.

⚕️ Health & Pharmaceutical

$LLY (+2,96%) — Slightly down, the defensive Pharma sector is being sold as capital rotates into Tech.

$HIMS (-1,38%) — Stable, awaiting catalysts.

$INSM (+0,45%) — 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 (+0,6%) — Slightly up, the defense sector shows some strength.

$IBE (+0,53%) — Slightly up, utilities are stable/positive.

$OKLO — Stable, the nuclear stock is flat.

$CS (-2,46%) — Down, the European financial sector is weak.

🏦 Banking & Finance

$UCG (-4,3%) — Slightly up, the Italian banking sector is mixed.

$ISP (-3,7%) — Slightly up, showing modest strength.

$BPE (-3,08%) — Solidly up, continuing its outperformance and positive trend.

$CE (-2,81%) Up, another strong performer in Italian banking.

$BBVA (-3,36%) — Up, the Spanish bank is recovering ground.

$AXP (+0,83%) — Slightly down, the payments sector is weak.

$V (+1,53%) — 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 (-2,59%) — Stable, gold is flat, not benefiting from the defensive sell-off or the tech risk-on.

$CDE (-8,07%) — Stable, following gold.

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

💰 Crypto

$BTC (-0,22%) / $ETH (+0,06%) — Up, crypto is following the risk-onrally led by $AMZN and $GOOGL.

$TRX (+0,3%) — Up, the altcoin sector is participating in the positive sentiment.

$CRO (+0,68%) — Up, in line with the sector.

📈 Benchmark ETFs

$VOO (-1,12%) / $VGT (-3%) / $CNDX — The real sentiment is being pulled higher by their main components.

$BND (+1%) — 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 (-4,39%) and $GOOGL (-3,06%) are on fire, saving the $NSDQ100 single-handedly.

2. The Losers: $BABA (-2,37%) is collapsing, signaling weakness in Chinese and speculative retail.

3. The Isolated Strong:Italian banks ($BPE (-3,08%) , $CE (-2,81%) ) and $BBVA (-3,36%) continue to outperform.

4. The Defensives:Gold ($GLD (-2,59%) ) is flat, while Pharma ($LLY (+2,96%) ) and European financials ($CS (-2,46%)

) 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.