SPY closed at $751.83, and QQQ finished slightly lower, while gold dipped to $369.73 – a continued pullback from its recent highs suggests risk appetite is holding steady. The 10-year yield remains elevated at 4.61%, but has yet to break higher; this level will be key for tech performance this week.
Financials (XLF +1.2% 5d) are leading the charge into earnings season, with several regional banks reporting today. Energy (XLE) continues its outperformance, up another .8% yesterday despite flat crude — suggesting underlying strength independent of commodity price action.
We're watching LGND (earnings tonight – industrials read), AMD (broke $560 last week – momentum play), and HWM (sector laggard - potential value bounce). GEV is also on the radar, testing resistance at $1109.98 after a strong run.
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