S&P 500 downside risks remain as software and energy stocks face scrutiny, Callum Thomas notes

S&P 500 downside risks remain as software and energy stocks face scrutiny, Callum Thomas notes
S&P 500 technicals and energy outlook

Callum Thomas provided an update on the weekly S&P 500 ChartStorm with a focus on technical factors, monitoring downside risks, and the outlook for software and energy stocks.

According to Thomas, key areas of analysis include technicals, positioning, and valuations for software stocks, as well as the potential for further gains in energy stocks.

Thomas’s latest assessment of technical and sector dynamics aligns with his prior observations on how defensives can gain traction against the S&P 500 when tech risk intensifies, as detailed in Defensives turn upward amid tech risk. He has also consistently examined sector performance, notably through his review of global commodity stocks, providing ongoing context for the evolving trends in software and energy markets.

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