Quick Notes
Gold surged nearly 2% to start the week while tech posted a modest gain, a session where both assets moved higher but with distinctly different magnitudes. The relative strength dynamic continues to evolve—now several weeks into a measured transition that has reshaped the internal picture. These are the kinds of rotations that unfold gradually, then become obvious in hindsight. Subscribers see exactly how the model reads today's action and what it means for positioning.