It took the market some time to digest the ever-so-important US job figures that gave us mixed signals. Meanwhile, the spread between S & P 500 and the equally weighted S & P 500 implies that the tech sector may have done its job. On soft commodities, Soybeans were so 2020 to 2022.

China is the world’s largest importer of soybeans. The leading exporters, Brazil and the United States, anticipate growing demand, while Chinese imports have experienced a slowdown following stricter import control and more extensive stocks of domestically produced soybeans. This could trigger a further decline in soybean prices.

Over the past month, the Nasdaq and the Nikkei have been the leading performers among the major equity indices. The broader S&P 500 is up 3.3% thanks to the heavily weighted tech giants. The gap between tech stocks and the rest of the market should narrow.

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Time to catch up on tech