News

Trend Structure: Falling Channel Breakout Marks Structural Shift

Retail investors, who have been a consistent source of equity market support over the past year, appear to be changing behavior. Data from retail trading platforms indicates that the final week of March marked the first instance of net selling since November 2025.

Technology equities, long the dominant force in global markets, are undergoing a rare and pronounced phase of underperformance. According to analysis by Goldman Sachs, the sector is currently experiencing one of its weakest periods of relative returns in the past five decades.

Global financial markets may be witnessing an early-stage shift in safe-haven preferences. Traditionally, U.S. Treasuries have served as the default destination during periods of crisis.

The Strait of Hormuz, the world’s most critical energy artery, remains effectively shut despite the announcement of a ceasefire. While diplomatic headlines suggest de-escalation, operational realities indicate a deepening supply crisis.

At first glance, the current market correction appears relatively contained. A peak-to-trough drawdown of around -9.1% suggests a moderate pullback, especially when compared to last year’s sharper -18.9% decline.

Global gold markets are increasingly being shaped by structural demand from China. Insights from UBS research indicate that Chinese investors, both retail and institutional, are playing a central role in sustaining demand despite global volatility.