Tipping Points - How Will Markets Respond?

MarketGauge
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(12min)

Summary

  • All four indices retreated to below their 10-day moving average, and all sit in different-looking longer-term trends.
  • Looking at the best performers over the last three months, it’s not surprising that gold stocks would continue to perform; however, it's noteworthy that semiconductors were strong last week.
  • Tech maintaining strength suggests the market is not rattled by the geopolitical events.
  • Retail got hit hard last week, and that is not bullish. This may be related to the sharp rise in oil prices.

A business person tracking the technical movement of a stock chart on a computer screen.

shih-wei

By Geoff Bysshe

Israel and Iran are at war. Marines have been deployed against American citizens, and elected US Congress members have been assassinated.

Regardless of your political views, it’s hard not to agree that the current geopolitical environment

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