Powell Pivots: Gold Hits Record, Financials Surge
Fresh news and strategies for traders. SPY Trader episode #1396. The market shows a strong upward bias driven by ratecut optimism following a dovish pivot from Fed Chair Powell, pushing the 10Year yield lower. This upward momentum is counteracting extreme volatility stemming from renewed USChina trade tensions. Q3 earnings are strong in the Financials sector, and market leadership is rotating out of concentrated tech into Financials (XLF) and defensive sectors. Gold (GLD) has surged to a new record high, reflecting safehaven demand. The recommended strategy emphasizes a balanced approach…
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