Posts Tagged ‘XLK’
Momentum Is Back. The Era of V-Shaped Rallies Continues
This week marked a decisive shift from defense back to risk-taking, as the S&P 500 broke out of its range and a rare momentum breadth thrust signaled renewed participation. Coordinated yen support, resilient AI spending and softer jobs data helped ease key market pressures.
Read MoreChip Selloff Pressures Momentum as Energy Leads the Tape
Market Environment Stocks closed risk-off as AI and semiconductor selling deepened. QQQ, XLK, and SMH carried the pressure, while energy became the clearest upside pocket as oil surged on U.S.-Iran and Hormuz stress. Defensives and financials helped cushion the tape, but not enough to offset growth weakness. Rates, dollar strength, and inflation watch kept traders…
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