In this brief market report, we will take a look at the various asset classes, sectors, equity categories, ETFs, and stocks that moved the market higher, as well as the market segments that defied the trend by moving lower.
Gold surged to fresh all-time highs on Monday, with bullion jumping 2.5% to $3,410 per ounce by 11:20 a.m. ET, as mounting distrust in U.S. financial assets and inflation fears drive a flight to safety unlike anything seen since the global debt crises of the early 2010s.
My longer-term market indicator has turned decisively negative, signaling that now may not be the time to buy and hold stocks. Of course, the problem is that we don't know how low this market can go, and stocks could get a lot cheaper still.
The U.S. dollar has been experiencing a sharp decline this year amid rising concerns over the economic fallout from potential new U.S. tariffs. Here is a brief review of some ETFs that may strengthen while the greenback weakens.
The Elliott Wave analysis for the VanEck Gold Miners ETF (GDX) shows a strong bullish trend since December 30, 2024. This rally forms a “nesting impulse” pattern with smaller waves building into an extended third wave.
Gold ETFs saw an inflow of 226.5 metric tons worth $21.1 billion in the first quarter, representing the largest quarterly inflow in three years in the first quarter.
Wall Street ended the week on a strong note, with major indices posting their best weekly performance in years, as traders appeared confident that the escalation in the U.S.-China trade war — which led to triple-digit tariff increases on both sides — would be resolved in the near term.
