After the start of the week seen Monday in which many fund managers outlined their intention to refrain from taking great positions or reducing the risk of their portfolios due to uncertainty about tariffs and their impact on the economy, the market today faces the last day before knowing the announcement of the new Trump administration on its tariff policy that will be carried out this Wednesday, where the so -called “reciprocal tariffs will be published.” A source of volatility for the market.
In this context and following the wake of the rest of the great stock market references -both of Europe as the US -, the IBEX 35 has also chosen a lateral consolidation in the last sessions that should serve to digest part of the strong increases that this year has registered and that last week led him to mark new maximums of the year of the year
The situation of the Spanish selective is peculiar, because the rest of the old continent indices did not even achieve similar behavior. “That is why,” explains the technical analyst and strategist of ECOTRADER Joan Cabrero, “I suppose no one will be surprised that IBEX 35 needs to take a break, but with the fortress that he binds I doubt that we attend an intense and fast fall.”
“This consolidation could look for the minimums three weeks ago around 12,700 pointswhich is the minimum that I suggest to wait to buy Spanish bag again, and In the worst case to end up looking for support to the bullish guideline that arises from joining the minimum of August and December last year, which currently runs through the 12,150 points“explains the expert,
And in that sense, Cabrero remembers that the latter could only take a body if the American indices choose to fall towards the minimum of August last year, such as the 17,400 points of the Nasdaq 100.
In Europe, the Eurostoxx 50 has chosen to relieve overcover consuming time giving bandages in a bassist lateral way. “The most remarkable of this beginning of the week has been to see how the continental selective has reached the base of that channel and possible bundle continuity flag, which also coincides with The Alcista Acceleration guideline (with greater slope) that arises from joining the minimum of November and December, which appears through the 5.150/5,200 points“Cabrero explains.
Gold who best capitalizes the ‘fear’
In the search for shelter in assets that have traditionally acted as such, gold has positioned itself in recent weeks as the investment vehicle that best knows how to get the current volatility situation. The gold metal is revalued in five of the last six days, thus renewing (once again and already 27 this year) its annual and historical maximums.
“The growing attraction for traditional assets and value shelters, such as gold, is consolidated as The preferred alternative in a volatility environment. Gold has experienced positive investment flows and, with a price that is around $ 3,000 per ounce, is emerging as a strategic asset to counteract political and economic uncertainty, “says Javier Molina, Etoro market analyst.
“As investors in gold, this is one of the most interesting periods that come to mind,” explains Ned Naylor-Leyland, Gold and Silver Investment Manager of Jupiter AM. “The recent upward movements of the price of gold are related to their traditional role as an active refuge, the concerns around economic growth and commercial policies of Trump, the expectations of descents of interest rates and the demand for this precious metal by the central banks,” says the expert.
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