$SPX
Hitting an all-time high (ATH) of 7,620.9 points, we faced a major rejection as the S&P 500 dropped 2.59% this week. The main catalyst was a stellar non-farm payroll report from the US, reinforcing economic strength but dampening expectations for a Federal Reserve rate cut anytime soon, leading to a rise in government bond yields. At the same time, a large equity offering from Alphabet and reports of potential fundraising by Meta added liquidity pressure, accelerating the sell-off in growth stocks.
Despite the tech sector weakening, defensive sectors like healthcare saw strong institutional inflows, highlighting the ongoing rotation towards quality and stability. Looking ahead, investors will be closely monitoring bond yields, central bank expectations, and key tech developments as the market assesses whether this correction is a temporary pullback or the start of a broader risk-off phase.
The only level I'm watching for the S&P 500 is the January 2026 high of 7,002.28 points.
#NFA $META
Hitting an all-time high (ATH) of 7,620.9 points, we faced a major rejection as the S&P 500 dropped 2.59% this week. The main catalyst was a stellar non-farm payroll report from the US, reinforcing economic strength but dampening expectations for a Federal Reserve rate cut anytime soon, leading to a rise in government bond yields. At the same time, a large equity offering from Alphabet and reports of potential fundraising by Meta added liquidity pressure, accelerating the sell-off in growth stocks.
Despite the tech sector weakening, defensive sectors like healthcare saw strong institutional inflows, highlighting the ongoing rotation towards quality and stability. Looking ahead, investors will be closely monitoring bond yields, central bank expectations, and key tech developments as the market assesses whether this correction is a temporary pullback or the start of a broader risk-off phase.
The only level I'm watching for the S&P 500 is the January 2026 high of 7,002.28 points.
#NFA $META