Major indices are in zig zag mode, after a turbulent morning. Regardless, the market has shown resilience and is poised to end the week on a higher note.

Seven sectors are moving higher, with consumer stocks in the lead, as Consumer Staples (XLP) and Consumer Discretionary (XLY) are the best performing sectors. Meanwhile, Utilities (XLU) are lagging and led lower by some profit taking on nuclear stocks.

The gold rally eased today as trade tensions between the US and China, and a possible Fed cut, contributed to the jump in prices. Investors have been loading up on positions with precious metals, with gold seeing $34.2 billion in inflows in the past 10 weeks, the most ever.

The Fear & Greed Index is still in Extreme Fear from yesterday, but is edging its way out.

Bank of America has seen spending picking up in the weeks leading into October, with higher incomes continuing to make up the bulk of the spending increase. Notably, Gen Z was the fastest growing age range for spending in the last recorded week. 

Furthermore, the younger generations are also seeing a rapid rise in brokerage accounts.

Have a great weekend!