Silver +3%, Gold Back Above $5,000 – Metals Hold Firm

Market Overview - The S&P 500 opened flat while the Nasdaq fell sharply, primarily due to AMD's 14% decline after a weaker-than-expected Q1 forecast, impacting the tech sector negatively [1] - Other semiconductor stocks also suffered, with Broadcom down 3% and Micron down 8%, contributing to a broader sell-off in tech stocks [1][2] Employment Data - ADP's private payrolls report for January showed only 22,000 jobs added, significantly below the expected 45,000, contributing to a cautious market sentiment [2] - The official nonfarm payrolls report is delayed due to a partial government shutdown, which has now ended [2] Bond and Currency Markets - Bond yields displayed mixed results, with long-term yields rising while short-term yields fell [3] - The dollar recovered some losses from the previous day, while Bitcoin reached a new low around $72,000 [3] Precious Metals - Precious metals showed resilience, with gold briefly climbing above $5,000 and silver gaining nearly 3% [3] Trend Tracking Indexes (TTIs) - The domestic TTI closed at +7.71% above its moving average, indicating a bullish signal effective from May 20, 2025 [8][9] - The international TTI also showed positive momentum, closing at +12.14% above its moving average, with a buy signal effective from May 8, 2025 [9]