Equities finished last week with modest gains, as the QQQ and SPY both ticked higher. Gold held relatively steady, while the 10-year Treasury yield remains anchored around 4.39%, suggesting a continued cautious but not panicked risk environment heading into today.
Technology continues to lead, with strong momentum coming off last week’s performance. We're seeing relative strength in communication services as well, though consumer discretionary appears to be pausing after recent gains. Materials, industrials, and utilities lagged and may continue to face headwinds early this week.
We’re watching AAOI, ANET, CMCSA, CPNG, PFE, and SHOP for potential catalysts today, particularly given recent news around some of these names.
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