Sector Rotation: A Week of Stability Amidst Market Dynamics Last week presented an intriguing scenario in our sector rotation portfolio. For the first time in recent memory, we witnessed complete stability across all sector positions — no changes whatsoever in the rankings. (1) Industrials – (XLI) (2) Utilities – (XLU) (3) Consumer Staples – (XLP) (4) Communication Services – (XLC) (5) Financials – (XLF) (6) Technology – (XLK) (7) Real-Estate – (XLRE) (8) Materials – (XLB) (9) Consumer Discretionary – (XLY) (10) Healthcare – (XLV) (11) Energy – (XLE) Weekly RRG: Steady as She Goes The weekly Relative Rotation Graph (RRG) continues to paint a picture of gradual shifts. Utilities and Consumer Staples, while still occupying high RS ratio levels, are moving lower on the chart. Utilities clings to the leading quadrant, but Consumer Staples has just crossed into weakening territory. Financials and Communication Services remain in the weakening quadrant,…
Acclaimed Ukrainian opera singer Vladislav Horay has been killed while on a volunteer mission to the Sumy region, where a frontline battle for territory continues. Horay was a soloist with the Odesa National Opera, which said in a statement that he was a “world-class tenor” and “Honored Artist of Ukraine,” whose voice was known around the globe. “Tragic news has shaken the entire artistic community of Ukraine,” the opera house said in a post on Facebook on Sunday. “(Horay) was not only a talented performer — he was an example of strength, dignity, and kindness in life.” The post did not say how Horay died. According to a June 5 post on Horay’s Facebook, he was raising money for a Ukrainian naval unit. Horay joined the Odesa National Academic Theater of Opera and Ballet in 1993 and performed in the USA, Britain, Canada and many other countries, according to its…
Israel’s blockade of Gaza may have been partially lifted – and a new US-backed plan to deliver aid has begun. But there are multiple indications that the plight of Gazans is rapidly worsening. Restrictions imposed by the Israeli military on aid routes, ongoing airstrikes, a lack of security and the continuous displacement of tens of thousands of people are aggravating an already alarming situation, according to the UN and other aid agencies. The supplies that do get in risk getting looted. “People in Gaza are starving. This demands the urgent opening of all crossings and allowing unimpeded access for humanitarian organizations to deliver aid at scale, through multiple routes,” the UN Office for the Coordination of Humanitarian Affairs (OCHA) said in its latest assessment. The number of children in Gaza with acute malnutrition is rising, the UN reported Saturday, while a lack of fuel threatens to close hospitals that are…
One day after seeing their largest-ever one-day drop, Tesla shares recovered some losses Friday as the spat between CEO Elon Musk and President Donald Trump that exploded into public view Thursday took appeared to take a breather heading into the weekend. Shares in the electronic vehicle maker gained as much as 5% amid broader market gains following a report showing the U.S. added more jobs in May than forecast. Even with Friday’s rally, Tesla shares are still down approximately 21% in 2025 — a decline that accelerated last week following Musk’s departure from the Trump administration. Musk, the world’s richest person and until recently Trump’s cost-cutter-in-chief, said last week he was leaving as the head of his Department of Government Efficiency project to refocus on his businesses. Those companies — Tesla, the satellite and space-launch company SpaceX, the social media platform X and the brain tech startup Neuralink — have…
Colombian senator Miguel Uribe, in the running to join next year’s presidential race, has been shot at an event in Bogota, according to national police. The mayor of Bogota, Carlos Galán, said Uribe was receiving emergency care after being attacked in the Fontibon district on Saturday and that the “entire hospital network” of the Colombian capital was on alert in case he needed to be transferred. The mayor added that the suspected attacker had been arrested. Colombian President Gustavo Petro expressed his solidarity with the senator’s family in a tweet on X, saying, “I don’t know how to ease your pain. It is the pain of a mother lost, and of a wounded homeland.” Colombia’s government has issued a statement condemning the attack on Uribe. This is a developing story and will be updated. This post appeared first on cnn.com
Ukraine sent dozens of its own citizens to Russia last month, releasing them from prisons in an attempt to secure the release of dozens of Ukrainian civilians held illegally in Russian jails – a move described by human rights activists as desperate and worrying. According to the Ukrainian government, 70 Ukrainian civilians convicted of collaborating with Russia were released as part of the 1,000 for 1,000 prisoner exchange between Kyiv and Moscow last month. Ukraine said all of them went into exile voluntarily, as part of a government scheme that gives anyone convicted of collaborating with Russia the option of being sent there. But human rights groups and international lawyers say the scheme is problematic, contradicts previous statements made by the Ukrainian government, and could potentially put more people at risk of being snatched by the Russians. “I completely understand the sentiment, we all want the people (who are detained…
QQQ and tech ETFs are leading the surge off the April low, but there is another group leading year-to-date. Year-to-date performance is important because it includes two big events: the stock market decline from mid February to early April and the steep surge into early June. We need to combine these two events for a complete performance picture. TrendInvestorPro uses a Core ETF ChartList to track performance and rank momentum. This list includes 59 equity ETFs, 4 bond ETFs, 9 commodity ETFs and 2 crypto ETFs. The image below shows the top 10 performers year-to-date (%Chg). Seven of the top ten are metals-related ETFs. Gold Miners (GDX), Silver Miners (SIL), Platinum (PLTM) and Gold (GLD) are leading the way. The Aerospace & Defense ETF (ITA), Transformational Data Sharing ETF (BLOK) and ARK Fintech Innovation ETF (ARKF) are the only three non-commodity leaders. The message here is clear: metals are leading.…
President Donald Trump has escalated his sudden rupture with Elon Musk by implying the government could sever ties with the tech titan’s businesses. ‘The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it,’ Trump wrote Thursday on Truth Social. Various estimates have been put forward about just how much Musk’s firms, primarily SpaceX and Tesla, benefit from U.S. government contracts and subsidies. The Washington Post has put the figure at $38 billion, with SpaceX President and COO Gwynne Shotwell estimating that company alone benefits from $22 billion in federal spending. Reuters has reported that the true figure is classified because of the nature of many of the contracts Musk’s firms are under. NASA relies on SpaceX to ferry astronauts to and from the International Space Station. The agency’s only…
Statistics Canada released its May Labour Force Survey on Friday (June 6). The data showed that nearly 9,000 new jobs were added to the workforce during the month. The news surprised analysts who were expecting losses of 12,500 as the effects of US trade tariffs began to be felt in the Canadian economy. The biggest contributors to the gains were 43,000 new workers added in wholesale and retail trade; 19,000 new jobs in the information, culture and recreation category; and 12,000 new employees within the real estate and finance sector. While these additions were significant, they were offset by the loss of 32,000 jobs in the public administration sector, as well as a decline of 16,000 workers in both the accommodation and food services sector and the transportation and warehousing sector. Additionally, 15,000 jobs were lost in the business, building and support services sector. Despite the net job gains, unemployment…
Here’s a quick recap of some of the most impactful resource sector news items for the week. The period saw the Ontario government back the Marathon copper-palladium project, while Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) opened up a US$2 billion iron ore mine. Elsewhere, Indonesia suspended nickel mining in a protected region, and Chile debuted a solar-powered model to cut water-pumping energy use in mining. Marathon project gets shovel-ready nod from Ontario Ontario has designated Generation Mining’s (TSX:GENM,OTCQB:GENMF) Marathon project as a shovel-ready strategic minerals project, urging the federal government to invest in its development. The project, located in Northwestern Ontario, is fully permitted for construction and is expected to produce significant quantities of copper, palladium, platinum, gold and silver over its anticipated 13 year mine life. The announcement comes after the release of an open letter to Tim Hodgson, Canada’s minister of energy and natural resources. It identifies priority projects for Ontario…









