π Europe Reopens with a Bang β May Rally Kicks Off π
Happy post-May Day! π₯³ As Europe shakes off the holiday haze and gets back to business, markets have wasted no time making bold moves β just as we anticipated, strength has returned across the board. πͺπΊπͺ
Todayβs session delivered broad-based gains across European indices, powered in part by upbeat chatter surrounding potential USβChina tariff talks. π€πΊπΈπ¨π³ The risk-on mood is pulsing through the system, with investors embracing the renewed momentum.
π 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 β and with major indices building upward momentum, this could mark the start of a trend worth riding. πποΈ
But not everything is riding highβ¦
π₯ Goldβs 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. πβοΈ
π 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. β‘