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Tracy Shuchart, Independent Trader / Strategist at Independent / Trader, highlights a significant change underway in the S&P 500 profit outlook. She notes that energy and materials stocks are now expected to drive growth in coming quarters, overtaking the technology-driven performance seen recently.
Shuchart underscores continued resilience in U.S. earnings estimates, with the sector rotation suggesting a shift in market leadership as energy and materials are poised to take over from artificial intelligence.
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Shuchart previously reported that aluminum prices jumped 6 percent to $3,492 a ton after Iran struck plants in the UAE and Bahrain, disrupting supplies (aluminum price surge). She also highlighted that war in Iran led to a squeeze in sugar supplies from a key refining hub, prompting a rebound in global prices (sugar trade disruption). These events illustrate her continued focus on commodity-led market movements.