📊 Macro Overview

— Weekly Market Brief

The narrative has evolved from aggressive expansion into a high-altitude consolidation phase.

While the broader market remains structurally bullish, we are seeing a divergence in momentum as the wall of worry shifts toward valuation sustainability at these record levels.

Equities showed mixed performance this week, with a notable rotation into tech while the broader index took a breather.

• S&P 500 -0.79% | Nasdaq +1.63% | Dow Jones (Neutral/Soft)

The S&P 500 is hovering at 7,165.08, maintaining its position near all-time highs despite a minor weekly pullback.

Gold has faced selling pressure, dropping -2.23% over the last 7 days to $4,721, suggesting a temporary rotation out of defensive hedges.

The DXY remains the critical pivot: while specific index data is obscured, the strength in tech suggests global liquidity is still favoring high-growth risk assets over cash.