Hi there,

Overview: Wall Street pulled back from record highs on Tuesday. Although the Consumer Price Index (CPI) showed Core inflation cooling to 2.6%, the optimism was eclipsed by a -4.2% drop in JPMorgan Chase. Financials were hit hard by a double-whammy: earnings misses and a proposed 10% federal cap on credit card interest rates.
Note: In terms of our positioning, we remain patient to place our first option trade of the year, as we wait for a better entry point for the US 500 challenge.

Furthermore, we continue to monitor DELL closely. We have also officially added AMD and ANET to our Long Term Watchlist. Please remember that the watchlist is not a BUY list; it is simply a note for us that we may look at buying these at some point in the future.

📈 Major Indices

• Dow Jones Industrial Average: Fell -0.80%, closing at 49,191.99 (shedding 400 points).

• S&P 500: Slipped -0.20%, closing at 6,963.66.
• Nasdaq Composite: Eased -0.10%, closing at 23,709.87.

🏛️ Bonds, FX & Commodities

• US 10-Year Yield: Little changed, finishing at 4.18%.

• US Dollar Index (DXY): Strengthened slightly to 99.30.
• Gold: Rose to $4,590 per ounce (settling just below its intraday record of $4,644).
• Silver: Surged +1.6% to $86.40 per ounce.

• WTI Crude Oil: Jumped +2.5% to settle at $61.00 per barrel.

📊 Specific Stock Performance

• GOOGL (Alphabet Inc.): Up +1.11% ($336.43). A standout performer, hitting a new all-time high as the market rewards its $4T valuation and Apple AI partnership.

• STZ (Constellation Brands): Up +0.90% ($153.18). Showed resilient relative strength, bucking the broader market decline.
• DELL (Dell Technologies): Down -0.66% ($119.88). Note: We are preparing to buy but remain on the sidelines. The stock is still under its 50-day moving average ($122.82), and we are waiting for this technical downtrend to officially break before entering.
• META (Meta Platforms): Down -1.69% ($631.09). Continued to face profit-taking as capital rotates into other AI infrastructure plays.

• NVO (Novo Nordisk ADR): Down -0.38% ($59.63). Saw minor consolidation after a strong opening to the week.
• PFE (Pfizer Inc.): Down -0.57% ($25.13). Drifted lower in line with a softer healthcare sector.
• ALK (Alaska Air Group): Down -2.62% ($48.67). Struggled as rising oil prices ($61) weighed on airline sentiment.
• FLTR.L (Flutter Entertainment): Down -2.52% (15,675.00p). Faced significant pressure in the London session amid regulatory uncertainty.

Next: Today, the focus shifts to Producer Price Index (PPI) data at 8:30 AM ET.

📞 Strategy Call Assistance

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Happy Investing

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