- US debt ceiling concerns push yields higher, impacting stock indices
- Big tech remains strong while market breadth narrows
- Defensive sectors, like real estate (-2.61%) and utilities (-2.3%), face selling pressure
- Disappointing US retail sales impact consumer discretionary stocks, except for Amazon (+2%)
- Vodafone (-7.44%) faces challenges, announces major job cuts
- Home Depot (-2.15%) sees lower sales due to falling lumber prices
- Sea’s gaming revenue drops 43%, affecting investor sentiment
- On Holdings (-9.7%) revenue increases, but stock price declines
- Tencent Music (-90bps) beats earnings expectations through cost control
- Nikkei reaches multi-year highs, Japan’s GDP exceeds expectations
- Dollar and treasury markets are stable, commodity futures slightly higher
- Debt ceiling negotiations and Tencent’s performance are in focus
- Potential investment opportunities in selected business models
- Industry consolidation and takeovers expected
If you’re looking to start trading based on this news, consider signing up for Clarity and funding your account. If you’re an existing Clarity user, it might be time to review your current positions.
