Weekly Watch 📊
Over the past trading week:
Headline indices softened:
↓ S&P 500
↓ Nasdaq
Commodity pressure continued:
↓ Oil
↓ Silver
↓ Gold
But pockets of strength appeared:
✓ Biotech
✓ Airlines
✓ Industrials
✓ Natural gas
✓ Dollar
Market rotation remains selective beneath the surface.
Weekly Watch 📊
Over the past trading week:
Equity participation improved:
✓ Technology
✓ Financials
✓ Banks
But commodities weakened:
↓ Oil
↓ Gold
↓ Broad commodities
Another example of why cross-asset relationships matter.
Weekly Watch: Intermarket Rotation
Over the past trading week:
• Technology weakened
• Growth leadership faded
• Energy strengthened
• Financials improved
• Metals declined sharply
• Dollar strengthened
Leadership rotation continues beneath the surface.
Weekly Watch: Intermarket Rotation
Over the past trading week:
• Growth leadership returned
• Technology strengthened
• Bonds stabilized
• Energy weakened
• Commodities became more selective
Cross-asset relationships continue to evolve.
Weekly Watch: Intermarket Rotation
Over the past trading week:
• Cyclicals improved
• Bonds stabilized
• Banks strengthened
• Commodity leadership weakened
A more balanced intermarket backdrop emerged relative to recent weeks.
Weekly Watch: Intermarket Rotation
This week’s market structure remained highly fragmented:
• Energy and commodities surged
• Bonds weakened further
• Cyclicals deteriorated
• Metals stayed weak
• Dollar strength returned
Headline indices masked a much more selective internal backdrop.
A notable rotation shift this week:
• Tech and growth accelerated higher
• Energy and commodities weakened
• Gold and silver strengthened
• Bonds stabilized
Still a mixed intermarket environment beneath the surface.
Weekly Watch: Intermarket Rotation
Equities and commodities both moved higher this week, with broader participation improving.
However:
• Bonds remain weak
• Precious metals continue to lag
• Leadership is still uneven
A stronger environment, but not fully synchronized.
Weekly Watch: Intermarket Rotation
Growth and tech continue to lead, with energy and commodities also showing strength.
At the same time:
• Financials and cyclicals are lagging
• Precious metals are diverging lower
• Breadth remains limited
This suggests a narrow leadership environment with mixed intermarket signals.
Weekly Watch — Jan 26
Markets rebounded this week, but leadership remains selective.
Equities and cyclicals moved higher, while silver, gold, and commodities continue to lead. Bonds bounced, but haven’t fully reclaimed their hedge role.
Risk is back — with protection still in place.
📊👇
Educational only. Not financial advice.
