Japan is the theme this week, as the TOPIX made a new all time high after 35 years. Many stocks from multiple sectors come up in the GTI universe, suggesting the trend is strong and broad, from post to banking, heavy industry and fashion.
High volatility stocks have turned lower after a very strong run. The world index has recovered from last week'
The market is being driven by Nvidia and Microsoft. Breadth is thinning after the weak jobs data, while bond yields
Apple and Tesla stand out as the weakest names of the Magnificent Seven stocks, but the rest are finding their
