Today has seen some heavy reshuffling in stocks from Tech and Semiconductor Sectors to Healthcare, FInancial and Real Estate sector in what seems to be some closing of positions as we approach the Key earnings releases for some of the biggest names in American Markets: Tesla and Google earnings are awaited tomorrow.
The Nasdaq closes down 0.60% and the Dow up 0.40% – Even the Russell 2000 has seen some new flows towards the smaller-cap index in the session.
Except for these reshufflings, some further fears of FED's Powell getting ousted before the end of its term, some Hawkish RBA Minutes and a rejection of the top in USDJPY, the Greenback has been getting hammered.
Metals have also had a strong day, particularly with Gold, up close to 1.50% on the session, being back to $50 from its all-time highs. Palladium, Silver and Copper also have had a decent performance.
Other commodities and cryptos have been a bit more mixed in what seems to be more profit taking after a streak of good days.
Read More: Nasdaq slips on profit taking as markets await key Tech earnings
Daily Cross-Asset performance
Cross-Asset Daily Performance, July 22, 2025 – Source: TradingView
Ether is now the worst performing asset on the session with the ongoing general profit-taking seen in markets (same for Nasdaq), leaving some space for Bitcoin, Gold and US Treasuries to rally back.
The USD and European stocks have also seen quite a retracement today.
