US Market Rotation Brief

Multi-angle risks from rising oil:

• Wall Street on hopium for Iran Strait reopening; S&P +1% to 7137 near ATH
• Brent $106, WTI $97 fueling credit...

Nasdaq thrives amid swings: Q1 adjusted profit hit 96 cents/share (beat 93 cents est), driven by 13% trading revenue jump to $317M on record volumes...

• Intl ETFs lead: VEA and SCHF up ~10% YTD vs S&P 500's 4.5%, fueled by rotation to cheaper Europe/Japan amid weak dollar.
• Euro tech breakout: STOXX...

ServiceNow outlook improves amid accelerating AI adoption in enterprise software.

• Cloud platform automates IT, customer service workflows, boosting...

Monitor these plumbing indicators for volatility ahead of the new Fed Chair in mid-May:

• SOFR volumes, TGA, reserves, RRP: Track cash flows and...

Sector rotation highlights newly bullish stocks per Green Zone Power Ratings (60+):

• Financials defy gloom: Citigroup (C), Morgan Stanley (MS),...

• Asian surge: Kospi +2.1% to record high, Nikkei +1.2% on US-Iran de-escalation hopes and ceasefire talks
• Oil pulls back: Brent -0.4% to $95.09,...

• Asia equities mostly lower on fragile US-Iran peace talks and ceasefire uncertainty, weighing global sentiment
• Gold climbs above $4,750/oz, WTI...

• European currencies retreat on Strait of Hormuz disruptions and Middle East risks, fueling USD inflows
• EUR/USD fails 1.1800–1.1830 resistance,...

• S&P 500 up 10%+ to all-time highs after 8% Mideast-driven dip (Strait of Hormuz oil spike)
• Ceasefire ends hostilities; markets eye short-term...

Timeline of post-extension surge and fade:

• Tue selloff reversed on Trump's ceasefire extension announcement, sparking overnight gains: Nasdaq...

Small/mid-cap volatility ramps up premarket, fueling high-beta rotation plays:

• AGPU +144% Wed to $11.93, now -23% Thu at $6.73; INBX +30% Wed at...

Is it time to switch from crypto to the S&P 500?

• S&P up 4.5% last week (best since May 2025), erased 7% YTD losses for +4% gain and ATH at 7,126;...

Dow Transports dip after rally, with Fairlead's Katie Stockton sharing technical analysis on the sector during 'Fast Money'. Key watch for short-term cyclical rotation signals.

• Institutions selling into records: BofA clients net sold $5.1B U.S. equities (instis $5.2B) last week despite S&P +4.5% to 7,126 ATH; Energy ETFs...

Thursday's US indices slide after records, with S&P 500 -0.2%, Dow -0.4%, Nasdaq -0.3% on stalled Iran peace talks and Hormuz blockade.

• Oil surges:...

• Open strength on earnings: Dow +0.7%, S&P/Nasdaq +0.3% led by UNH +9% and DHI +8.4% beats.
• Close lower on geo stall: Indexes -0.6% as US-Iran...

Q1 Tech Split: Nasdaq down 7%, software -30%; Nvidia-like semis up 60% YOY on AI infra boom.

• Not fundamentals: Selloff from geopolitics/inflation...

US indices endured wild volatility from Iran tensions:

• Mon 4/20: S&P slips 0.24% to 7,109 on escalating US-Iran risks, oil surges 5%.
• Tue 4/21:...

• Econ approval plummets to 30% in April from 38% in March, with only 32% backing Iran leadership.
• Cost of living deeply unpopular: just 1/4...