SPX Equal Weight Sees Weakness as Crude, Yields Slide; Silver & Gold Catalysts Ahead

By Schwab Network

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While the S&P 500 (SPX) and Nasdaq-100 (NDX) are near record highs, Kevin Green says the rally which drove indexes to new milestones is heavily concentrated. He points out that the Equal Weight S&P 500 is on a significant downtrend, a sign that makes general weakness or rotation likely. Crude oil and yields pulling back offer some relief for stocks. KG, however, points to diesel prices as the key mover as the U.S. weighs diesel export bans. Also keep an eye on gold, silver, and copper as KG points to bullish catalysts ahead for the metal trade. He turns to AI and reports that the industry's top researchers continue to call for a pullback in development speed. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network