📊 Uncertainty Keeps Volatility Elevated

Good Morning Investors,

Macro and policy uncertainty remains an overhang. Markets are navigating Federal Reserve commentary, leadership transition discussion, and persistent tariff and trade related noise, all of which tend to have an outsized impact on export sensitive and smaller companies.

Transport strength is a constructive signal for economically sensitive names, but volatility is likely to persist into year end. Focus remains on cyclicals and resource names for relative strength, while biotech and technology require close monitoring around news and earnings updates.

Matthias Schneider
Editor at Analytica Investor