Market Overview - Stocks opened positively, driven by gains in technology stocks, particularly Nvidia, which rose about 1% ahead of its earnings report [1] - Oracle's stock increased by 3% following an upgrade from Oppenheimer, which deemed the risk-reward favorable after a recent pullback, contributing to a broader rally in the tech and AI sectors [2] - The market largely ignored a tariff threat that escalated to a 10% duty, with major indexes closing in the green despite an early short squeeze losing momentum [3] Bond and Commodity Markets - Bond yields saw a modest increase as rate-cut expectations slightly diminished, while the dollar weakened [4] - Precious metals remained strong, with gold rallying to $2,500 but unable to maintain that level, and silver exceeding $91 [4] - Bitcoin experienced significant gains, rising over 11% in the past couple of days [4] Trend Tracking Indexes (TTIs) - The domestic TTI closed at +8.15% above its moving average, maintaining a bullish signal effective from May 20, 2025 [9] - The international TTI also showed positive momentum, closing at +12.63% above its moving average, with a buy signal effective from May 8, 2025 [9] - Both TTIs are positioned comfortably above their long-term trend lines, indicating a positive overall market outlook [8][9]

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]

Market Overview - The Dow reached a new record high, driven by value and cyclical stocks, while technology stocks faced significant selling pressure, particularly Broadcom, which dropped 9% despite beating earnings and forecasting a doubling in AI chip sales [4][5]. - The week was characterized by mixed signals: a dovish Federal Reserve and decent macroeconomic data contrasted with profit-taking in AI stocks and valuation concerns, leading to the Nasdaq and S&P being the week's biggest losers, while the Dow and small caps performed better [6]. Sector Performance - Financials, healthcare, and industrials showed gains, indicating a classic rotation trade away from technology stocks [5]. - The "Magnificent Seven" tech stocks experienced substantial declines mid-week, while the remaining 493 S&P stocks outperformed [6]. Bond and Currency Markets - Bond markets showed mixed performance, and the dollar remained near three-month lows, while precious metals gained attention, with gold surpassing $4,300 and silver reaching $65 intraday before profit-taking occurred [7]. Investment Sentiment - The current market dynamics raise questions about whether the rotation from tech to broader market sectors is a healthy sign for year-end performance or an early indication of potential issues in the ongoing bull market narrative for 2025 [8]. Trend Tracking Indexes (TTIs) - The domestic TTI closed at +6.84% above its moving average, down from +7.93%, with a "Buy" signal effective from May 20, 2025. The international TTI closed at +10.05% above its moving average, down from +10.56%, with a "Buy" signal effective from May 8, 2025 [12].