US tech staged an impressive comeback last week with NAS100 surging over 5%, while energy markets exploded higher on escalating Middle East tensions. This week, I'm watching whether the Dow can reclaim 50,000 and if crude's rally has legs — or if we're due for a sharp reversal.
US indices closed last week with modest gains despite significant volatility in energy markets, as geopolitical tensions around the Strait of Hormuz continue to dominate headlines. This week, I'm watching whether tech can sustain its momentum above key levels whilst oil stabilises — the setup favours selective long exposure, but risk management remains critical.
Tech bulls took control last week as NAS100 surged nearly 3% while traditional indices struggled, with the FTSE shedding over 2% and US30 closing marginally lower. This week brings a historic earnings gauntlet — five of the Magnificent Seven report — alongside stalled Iran peace talks keeping oil volatile and geopolitical risk elevated.
US indices delivered a powerful relief rally last week, with the NAS100 surging over 5% as geopolitical tensions showed signs of easing. This week, the focus shifts to earnings season heavyweights and whether bulls can hold the reclaimed ground above key psychological levels.
Last week delivered a powerful relief rally across US indices despite oil surging back above $100 on escalating Middle East tensions. This week, the focus shifts to earnings season and whether equities can hold these gains while crude continues to squeeze higher — I'm watching key resistance levels closely for signs of continuation or rejection.