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.
US indices staged a solid recovery last week despite oil's worst collapse in six years, as weekend US-Iran talks offered hope for a resolution to the Strait of Hormuz crisis. This week, I'm watching whether US30 can reclaim 48,000 and hold it, or if we're setting up for another leg lower as inflation data keeps the Fed sidelined.