Daily Movers: Energy XLE Rose 2.0%

Monday expressed a selective hard-asset bid, led by Energy XLE up 2.04%. Copper Miners COPX fell 1.65%, Communication Services XLC dropped 1.35%, Long Treasuries TLT lost 0.43%, and Gold Miners GDX declined 1.14%. Brazil EWZ rose 1.35%, High Yield HYG added 0.09%, Ethereum ETHA climbed 1.91%, and Bitcoin IBIT gained 1.75%.

Equity: Energy and Brazil led, metals and communications lagged

Movers

Leaders: Energy XLE +2.04% (3M: +12.4%), Brazil EWZ +1.35% (3M: +2.0%)

Laggards: Copper Miners COPX -1.65% (3M: +3.5%), Communication Services XLC -1.35% (3M: -3.3%)

3M Leaderboard

Strong: Healthcare XLV +15.9%, Financials XLF +12.6%, Energy XLE +12.4%

Weak: South Korea EWY -16.5%, Russell Growth IWF -4.6%, Technology XLK -4.6%

Fixed Income: Credit held up, duration stayed under pressure

Movers

Leaders: High Yield Bonds JNK +0.09% (3M: +1.0%), High Yield HYG +0.09% (3M: +0.9%)

Laggards: Long Treasuries TLT -0.43% (3M: -2.7%), Preferred Stock PFF -0.33% (3M: -2.1%)

3M Leaderboard (within FI scale)

Strong: High Yield Bonds JNK +1.0%, High Yield HYG +0.9%, Short Corporate VCSH +0.3%

Weak: Long Treasuries TLT -2.7%, Preferred Stock PFF -2.1%, Investment Grade Credit LQD -1.7%

Specialty: Crypto proxies led, miners lagged

Movers

Leaders: Ethereum Trust ETHA +1.91% (3M: +23.9%), Bitcoin Trust IBIT +1.75% (3M: +10.3%)

Laggards: Gold Miners GDX -1.14% (3M: +13.6%), Infrastructure PAVE -1.10% (3M: -2.1%)

3M Leaderboard

Strong: Ethereum Trust ETHA +23.9%, Biotechnology IBB +23.4%, Gold Miners GDX +13.7%

Weak: Clean Energy ICLN -24.7%, Semiconductors SMH -8.4%, Momentum Factor MTUM -5.1%

Cross-Asset Read

The selective hard-asset bid framed the session, with energy and crypto strength alongside long-duration weakness. Three-month leadership sits with ETHA at +23.9%, XLV at +15.9%, GDX at +13.7%, XLF at +12.6%, and XLE at +12.4%; Monday extended the standing uptrends in XLE, ETHA, and IBIT, and GDX fell against its stronger 3M trend. Vol compression flags sit on HYG, JNK, COPX, and GDX, and overbought flags sit on ETHA and IBIT; the regime is selective, with trend persistence concentrated in hard-asset and crypto exposures and muted volatility in credit.

Romain Gandon
CEO, Quantlake

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Past performance is not indicative of future results.