The silver rally has gone parabolic lately, which suggests that a durable top is nearing fast. At least, a longer cool off / corrective phase seems very likely.
What’s more in this report:
Is the recent hiccup in US stock indices another dip in the bull run, or the start of a larger stock market correction?
Long-term government bond yields under significant upward pressure, particularly in Japan.
It is a make-or-break moment for crude oil WTI as the significant support floor near 55 is hanging by a thread.
Despite the recent weakness in AI market leaders such as NVIDIA, the broader US stock market still looks very constructive and poised for further gains...
If history is any guide, US stock market investors should see renewed strength in the next month(s), but tumbling (relative) strength in big-tech signals caution..
We see increasing vulnerability across major US stock markets, with the benchmark S&P 500 showing signs of exhaustion after the latest narrow advance. While Europe and the UK stock indices remain in constructive uptrends, Japan’s rally appears overextended and due for a pause.
