📊 Mining, energy, defense in play

Good Morning Investors,

Momentum in commodities has provided a lift for mining and energy-linked names, while technology remains supported by demand in information services and semiconductors. Beyond that, attention is turning to policy-driven areas such as tokenization, liquidity innovation, and evolving rules around tech hiring — each of which could have meaningful implications for early-stage and venture-backed small-caps.

Market focus will remain macro-driven. Key economic data such as PCE inflation, alongside speeches from Fed officials, will likely serve as the next directional cues for. Until then, expect selective leadership: resource and venture-linked names appear better positioned to benefit from the current environment, while broader U.S. small-caps remain tied to shifting liquidity and rate expectations.

Matthias Schneider
Editor at Analytica Investor