Monday Market Update: Massive "Risk-ON" Shift Forms as Tech Explodes and Oil Craters ๐๐
The market has officially flipped into a monster "Risk-ON" rotation with Technology (XLK) skyrocketing +3.78%. While tech is leading, an incredible 10 out of 11 sectors are accelerating right now.
Why the sudden, massive rush back into growth? Capital is fleeing Energy (XLE) because oil absolutely cratered after the U.S. and Iran announced a tentative peace deal to reopen the Strait of Hormuz! This giant drop in oil costs, combined with a record-shattering SpaceX IPO, has investors completely hyped up.
But don't get too comfortable: we are heading straight into a huge binary event on Wednesday when the Federal Reserve drops its latest interest rate decision!
Interesting how the market is going to react this week.
What are your thoughts how the market is going to react this week?
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