The markets are scared: people are running towards safe things, like gold.
American companies are worth less. Savings put into the stock market, including pension funds, lose a bit of value.
European and Italian companies are worth less: savings in the stock market go down and companies become more careful.
Interest rates in America are going up. Loans and mortgages around the world tend to cost more, including in Italy.
Italy pays more interest on the money it borrows: less money for schools and hospitals, slightly pricier mortgages. Anyone who already has Italian government bonds sees them worth less.
The price of oil is steady: petrol stays about the same.
Gold goes up when people are scared: it's like putting your savings in a safe. Jewellery and wedding rings cost more too.
Bitcoin falls: whoever owns it loses money. It's the wobbliest thing of all.
The dollar goes up and the euro is worth less: holidays in America, phones, computers and oil, which are paid for in dollars, cost more.
Groups of companies that do the same job.
Those who build and sell houses. Expensive mortgages: buying a home becomes harder.
Very expensive bags, clothes and watches: many are Italian. Even the richest people spend carefully: harder times for Italian fashion.
They make weapons, military aircraft and systems to protect countries. Governments spend more on security because the world is tense.
Solar panels and wind turbines: clean energy. Building plants costs more, often because interest rates are high.
Shops and supermarkets. Families spend less because everything costs more or they're worried about the future.
The companies that dig up and sell oil and gas. They earn more: that usually means pricier petrol and bills.
Airlines and travel. Expensive fuel or fewer trips: plane tickets can cost more.
The companies that build cars. They sell fewer cars or pay more tax to export them: new cars can cost more.
Banks look after savings and lend money for homes and businesses. They're doing well, often because interest rates are high: expensive mortgages, but also savings accounts that pay more.
Those who dig in mines for gold, copper and other metals. Metals cost more: electrical wires, batteries and jewellery can get pricier.
The internet, phone and app companies we use every day. People who invest are worried they'll earn less than expected.
Electricity, gas and water companies. This usually happens when interest rates go up, because these companies have a lot of debt.
They make chips, the little brains inside phones, computers and cars. Lots of money is being spent on computers and artificial intelligence.
The companies that make medicines and treatments. New medicines or more sales.
The factories that build machinery, trains and planes. Nothing special today.
A big American bank that looks after savings. Falls: people who invest are worried they'll earn less.
Makes Fiat, Jeep, Peugeot and lots of other cars. It's going up: people who invest think they'll earn more.
It's Google: internet search, YouTube and Android. It's up: investors think it will earn more.
Makes Windows, Office and the Copilot artificial intelligence. Falling: people investing worry it will earn less.
Makes chips for computers and video games. It's down: investors worry it'll earn less.
It makes the memories where computers and phones save things. It's going down: investors are worried they'll earn less.
Makes steel pipes for getting oil and gas out of the ground. It's going up: people investing think they'll earn more.
Makes the chips that power artificial intelligence. It's staying still.
😀 good news for investors, 😟 news that's a bit scary.
The American central bank is keeping interest high: borrowing money stays expensive.
Tariffs are a tax on things that come from another country. If they go up, toys, clothes and phones can cost more.
Tariffs are a tax on things that come from another country. If they go up, toys, clothes and phones can cost more.
There's tension or war somewhere: oil and petrol can go up, and people buy gold because they're scared.
Loads of money is being spent on artificial intelligence: computer companies are celebrating.
There's tension or war somewhere: oil and petrol can go up, and people buy gold because they're scared.
Prices are rising more than expected: the same money buys a little less than before.
The American central bank is keeping interest high: borrowing money stays expensive.
| Asset | Driver | Momentum | Total | Bias | Conf. |
|---|---|---|---|---|---|
| US shares (S&P 500) | -0.66 | -0.30 | -0.53 | SHORT | 0.55 |
| Europe/Italy shares | -0.72 | +0.00 | -0.61 | SHORT | 0.59 |
| US Treasuries (price) | -0.41 | -0.40 | -0.41 | SHORT | 0.44 |
| Italian government bonds (price) | -0.76 | +0.00 | -0.65 | SHORT | 0.61 |
| Oil | +0.27 | -0.31 | +0.07 | NEUTRAL | 0.07 |
| Gold | +0.45 | -0.03 | +0.28 | Weak LONG | 0.27 |
| Crypto (BTC) | -0.72 | -0.23 | -0.55 | SHORT | 0.53 |
| US Dollar | +0.78 | +0.56 | +0.70 | LONG | 0.67 |
US Treasury bonds and Italian government bonds are quoted by price: "up" means yields are falling. Risk-On/Off Index: -0.652
The information provided is for informational and educational purposes only and does not constitute financial advice, an investment recommendation or a solicitation to buy or sell financial instruments.