📊 U.S. Headlines Drive Rotation

Good Morning Investors,

Geopolitical developments were a key catalyst. United States action tied to Venezuela pushed oil and defense related stocks higher, which filtered quickly into energy, mining, and defense oriented names. Mining benchmarks jumped sharply as oil and base metals attracted fresh inflows, creating a strong tailwind for explorers and junior producers listed on the Venture.

Tech strength continues to support technology adjacent names, but growing debate around valuation excess in artificial intelligence is keeping positioning selective. Softer manufacturing data and Federal Reserve commentary pointing to cooling labor conditions underline how sensitive these stocks remain to shifts in rates and growth expectations.

Matthias Schneider
Editor at Analytica Investor