📊 Spending Sentiment Still Fragile

Good Morning Investors,

Leadership came from technology and cyclicals. Semiconductor shares pushed higher and lifted the broader technology complex, helped by renewed attention on global supply chain coordination and shifting positioning around artificial intelligence themes. Resource oriented names outperformed as mining and energy related shares attracted steady inflows, reinforcing the bid for junior producers and explorers.

Consumer sentiment showed improvement but is still well below last year’s levels, keeping sensitivity high around upcoming inflation data and central bank messaging. The near term setup favors selective exposure rather than broad beta, with chip suppliers and junior resource names offering the most attractive upside if the risk on tone holds.

Matthias Schneider
Editor at Analytica Investor