๐ Europe Reopens with a Bang โ May Rally Kicks Off ๐
Happy post-May Day! ๐ฅณ As Europe shakes off the holiday haze and gets back to business, markets have wasted no time making bold moves โ just as we anticipated, strength has returned across the board. ๐ช๐บ๐ช
Todayโs session delivered broad-based gains across European indices, powered in part by upbeat chatter surrounding potential USโChina tariff talks. ๐ค๐บ๐ธ๐จ๐ณ The risk-on mood is pulsing through the system, with investors embracing the renewed momentum.
๐ Meanwhile, across the Atlantic...
U.S. futures are flashing green across the board, echoing the strength we flagged earlier in the week. The May Rally is officially in motion โ and with major indices building upward momentum, this could mark the start of a trend worth riding. ๐๐๏ธ
But not everything is riding highโฆ
๐ฅ Goldโs Losing Shine
Gold (GLD) has been waving red flags across our system all week, and the yellow metal is now down -3.4% so far. With equity flows picking up steam and investors stepping back from defensive plays, we see potential for further downside in precious metals. ๐โ๏ธ
๐ Key Takeaway
Risk appetite is back. Equity flows are strong. Defensive assets are taking a breather.
Stay nimble. If early signals are right, May could shape up to be a month of momentum. โก


