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Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor

Investing 6 Mins Read

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
  OR FOR DISSEMINATION IN THE UNITED STATES

Brunswick Exploration Inc. (‘ Brunswick ‘ or the ‘ Corporation ‘) (TSX-V: BRW, OTCQB: BRWXF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., to act as co-lead agent and sole bookrunner along with Canaccord Genuity Corp. as co-lead agent (collectively, the ‘ Agents ‘), in connection with a ‘best efforts’ private placement (the ‘ Marketed Offering ‘) for aggregate gross proceeds of up to C$2,500,000 from the sale of (i) units of the Corporation (the ‘ LIFE Units ‘) at a price of C$0.13 per LIFE Unit (the ‘ Offering Price ‘) and (ii) units of the Corporation (the ‘ Non-LIFE Units ‘, and collectively with the LIFE Units, the ‘ Offered Securities ‘) at a price of C$0.15 per Non-LIFE Unit. A strategic investor has made a lead order to subscribe for Non-LIFE Units under the Offering.

Each LIFE Unit will consist of one common share of the Corporation (each, a ‘ Unit Share ‘) and one half of one common share purchase warrant (each whole warrant, a ‘ LIFE Warrant ‘). Each whole LIFE Warrant will entitle the holder thereof to purchase one common share of the Corporation (each, a ‘ Warrant Share ‘) at a price of C$0.20 at any time for a period of 36 months following the Closing Date (as defined herein).

Each Non-LIFE Unit will consist of one Unit Share and one common share purchase warrant (each, a ‘ Non-LIFE Warrant ‘). Each Non-LIFE Warrant will entitle the holder thereof to purchase one Warrant Share at a price of C$0.25 at any time for a period of 36 months following the Closing Date.

The Agents will have an option, exercisable in full or in part, up to 48 hours prior to the Closing Date, to raise up to C$1,000,000 in additional gross proceeds from the sale of LIFE Units at the Offering Price (the ‘ Agents’ Option ‘, and together with the Marketed Offering, the ‘ Offering ‘).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘ NI 45-106 ‘), the LIFE Units will be offered for sale to purchasers in all the provinces of Canada (the ‘ Canadian Selling Jurisdictions ‘) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The securities to be issued pursuant to the sale of LIFE Units are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.

The Non-LIFE Units will be offered by way of the ‘accredited investor’ and ‘minimum amount investment’ exemptions under NI 45-106 in the Canadian Selling Jurisdictions. The securities to be issued pursuant to the sale of Non-LIFE Units will be subject to a four-month hold period in Canada pursuant to applicable Canadian securities laws.

The Offered Securities may also be issued to purchasers outside of Canada, including to purchasers resident in the United States pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933 (the ‘ U.S. Securities Act ‘), as amended.

The Corporation intends to use the net proceeds of the Offering for exploration activities at the Company’s Québec and Greenland projects, as well as for general corporate purposes and working capital.

The Offering is scheduled to close on May 28, 2025 (the ‘ Closing Date ‘), or such other date as the Corporation and the Agents may agree. Completion of the Offering is subject to certain conditions including, but not limited to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

There is an offering document related to the Offering that can be accessed under the Corporation’s profile at www.sedarplus.ca and on the Corporation’s website at www.brwexplo.ca. Prospective investors should read this offering document before making an investment decision.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Corporation is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The Corporation is rapidly advancing the most extensive grassroots lithium property portfolio in Canada and Greenland.

Investor Relations/information

Mr. Killian Charles, President and CEO (info@brwexplo.ca)

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Such forward-looking information includes, but is not limited to, statements concerning the Corporation’s expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering; the completion of the Offering and the date of such completion, approval of the TSX Venture Exchange and the filing of the offering document. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR+ at www.sedarplus.ca. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

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Sport

Opening ceremony for 2028 Olympics in LA will be held at two stadiums

Sport 2 Mins Read

It’s official! The opening and closing ceremonies for the 2028 Olympics and Paralympic Games will be hosted at the Los Angeles Memorial Coliseum and SoFi Stadium in Inglewood, California, LA28 announced on May 8.

The real catch is that for the first time in modern Olympics history, the opening ceremonies will be held at two venues at the same time.

While this is a historic occasion for the city of Los Angeles and the Olympics as a whole, the closing ceremonies will not be given the same luxury, though. Instead, the LA Coliseum will be the sole host for the finale.

This marks the third time that LA Coliseum has hosted the summer games (1932, 1984) and the first time for SoFi Stadium, which opened in 2020.

“For over a century, the Coliseum has been a landmark host to some of the most iconic moments in all of sports history,” said L.A. Mayor Karen Bass. “That story continues in 2028 as our City and our region welcomes the world for what will be the greatest Olympic and Paralympic Games.”

When are the 2028 Olympics?

Well, 2028 of course. The opening ceremony is set for July 14, 2028 with the closing ceremony happening two weeks later on July 30. The paralympics, meanwhile, will start on Aug. 15, 2028 and close August 27.

How has the United States done at Olympics hosted in LA?

The United States dominated the 1932 Olympics winning 110 medals in total, the most of the games. In fact, the United States had more gold medals (44) than any other country had total medals. Italy had the second-most medals with 36. They had exactly 12 gold, 12 silver, and 12 bronze.

At the 1984 Olympics, it was more of the same. The United States won 83 gold medals and 174 total medals. Romania finished second with just 20 gold medals, while West Germany tallied the second-most total medals with 59. The United States’ 83 gold medals in those games is an all-time record.

This post appeared first on USA TODAY

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Sport

SEC dominates NCAA baseball tournament bracket projection

Sport 3 Mins Read

With just a couple of weeks remaining in the college baseball regular season, fans are no doubt beginning to ponder how their favorite team’s path to Omaha might be shaping up. The easiest route, of course, involves being one of the top eight seeds that guarantees regional and super regional hosting rights. It is therefore advantageous if your team happens to be in the upper tier of the SEC standings or very high in the ACC hierarchy.

As of now, we project six of the top eight seeds to go to SEC members, with a couple more also slated to host regionals. Texas holds the top seed, but projected No. 2 Arkansas, seeking the program’s first national title, closed the gap with a sweep of the Longhorns last weekend.

The ACC should be well represented as well with three likely hosts among the top 16 teams. National contenders from the west coast are harder to find, but there should be at least three regionals in the Pacific time zone.

So who will occupy those spots and the rest of the field of 64 when it is revealed? Here’s our NCAA baseball tournament bracket projection with less than three weeks to go before Memorial Day:

(* denotes teams that are automatic qualifiers based on current conference standings.)

Austin region

  1. Texas* (1)
  2. Texas-San Antonio*
  3. Xavier
  4. SIU-Edwardsville*

Fayetteville region

  1. Arkansas (2)
  2. Duke
  3. Northeastern*
  4. Central Connecticut State*

Tallahassee region

  1. Florida State* (3)
  2. Florida
  3. Kansas
  4. Bethune-Cookman*

Athens region

  1. Georgia (4)
  2. Miami (Fla.)
  3. Troy
  4. Sacramento State*

Baton Rouge region

  1. LSU (5)
  2. Southern Mississippi
  3. Texas Rio Grande Valley
  4. Missouri State*

Clemson region

  1. Clemson (6)
  2. Dallas Baptist*
  3. Texas A&M
  4. Holy Cross*

Auburn region

  1. Auburn (7)
  2. Georgia Tech
  3. Connecticut
  4. Kent State*

Knoxville region

  1. Tennessee (8)
  2. Louisville
  3. Cal Poly
  4. Bryant*

Chapel Hill region

  1. North Carolina (9)
  2. Mississippi
  3. East Tennessee State*
  4. George Mason*

Nashville region

  1. Vanderbilt (10)
  2. Wake Forest
  3. Southeastern Louisiana*
  4. Oral Roberts*

Morgantown region

  1. West Virginia* (11)
  2. North Carolina State
  3. Mississippi State
  4. Austin Peay*

Corvallis region

  1. Oregon State (12)
  2. Southern California
  3. Arizona State
  4. San Diego*

Myrtle Beach region

  1. Coastal Carolina* (13)
  2. Alabama
  3. Kansas State
  4. High Point*

Los Angeles region

  1. UCLA (14)
  2. Arizona           
  3. Creighton*
  4. Wright State*

Fort Worth region

  1. TCU (15)
  2. Oklahoma
  3. Iowa*
  4. Columbia*

Irvine region

  1. UC Irvine* (16)
  2. Oregon
  3. Fairfield*
  4. Nevada*

Last four in: Troy, Kansas State, Xavier, Texas Rio Grand Valley.

Last four out: Kentucky, Western Kentucky, Michigan, Virginia.

Team breakdown by conference: SEC (13), ACC (9), Big 12 (6), Big Ten (4), Big East (3), Sun Belt (3), Big West (2), Southland (2).

This post appeared first on USA TODAY

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Sport

NCAA men’s lacrosse tournament preview, schedule, bracket

Sport 4 Mins Read

The quest for the top prize in collegiate men’s lacrosse is underway. Over the weekend the remaining 16 teams will be in action, with the ultimate aim of lifting the national championship trophy on Memorial Day in Foxborough, Massachusetts.

Regular followers of the sport will notice a few name-brand programs missing from the NCAA tournament field. Long-time powers Virginia and Johns Hopkins as well as past champions Denver and Loyola (Md.) didn’t make the cut. But that doesn’t necessarily mean we’ll add a new member to the first-time champions club. Most of the seeded teams have won titles before, though it’s been a while for some.

Here’s the weekend schedule, with seeded teams playing on their home fields. The winners will advance to quarterfinal sites next weekend in Hempstead, New York, and Annapolis, Maryland.

NCAA lacrosse tournament title contenders

In a parallel with the recently concluded men’s basketball tournament, there is a team seeking a rare three-peat but facing a difficult path to achieving it. Two-time defending champion Notre Dame is seeking a third title in a row, a feat last accomplished by Princeton from 1996-98. As mentioned, however, it will be a tough path for the Fighting Irish, who did enough to make the field but not enough to earn a seed. They’ll start their title defense on the road at Big Ten tournament champ Ohio State, coincidentally the school that kept the Irish from claiming the crown in football. While it’s undoubtedly the most compelling matchup in the round of 16, the committee did neither team a favor with this pairing. The Buckeyes picked up a 10-9 win at Notre Dame back on March 8, but a season-opening loss to Utah damaged OSU’s overall seed. The game in Columbus isn’t the only rematch of the weekend. Harvard picked up a 15-14 win at Syracuse back on Feb. 22, a result that ultimately helped the Crimson edge out Army for the last at-large spot in the field.

NCAA lacrosse tournament top players

The undisputed star of the sport this year is Cornell’s CJ Kirst. The Tewaaraton Award favorite broke the Division I record for career goals earlier in the season. He enters the tournament with 98 points on 68 goals and 30 assists thus far in the campaign, averaging a lofty 6.53 points per contest. With the help of his friends on the Big Red attack unit, Ryan Goldstein and Michael Long, Cornell leads the nation in scoring at 16.47 goals a game. But one shouldn’t overlook reigning Championship Weekend most outstanding player Chris Kavanagh, back in the tournament for Notre Dame. Other names to know include Syracuse attackman Joey Spallina, Maryland goalkeeper Logan McNaney and Duke do-everything midfielder Andrew McAdorey.

Most likely first-time NCAA lacrosse tournament champion

Ohio State and Penn State have both been to Championship Weekend but have yet to bring home the trophy. Unfortunately, at least one of them won’t be in Foxborough, as they’d be slated to meet in the quarterfinal round should they survive this weekend. Like the Buckeyes, however, the Nittany Lions have a tough draw of their own against a high-scoring Colgate squad that got hot at the right time in the Patriot League tournament.

NCAA lacrosse tournament schedule

(All times Eastern)

First round

Saturday, May 10

Richmond (13-3) at North Carolina (10-4), noon

Towson (11-5) at Princeton (12-3), 2:30 p.m.

Colgate (10-7) at Penn State (10-4), 5 p.m.

Georgetown (11-4) at Duke (12-5), 7:30 p.m.

Sunday, May 11

Notre Dame (8-4) at Ohio State (14-2), noon

Air Force (9-7) at Maryland (11-3), 2:30 p.m.

Harvard (10-4) at Syracuse (11-5), 5 p.m.

Albany (10-8) at Cornell (14-1), 7:30 p.m.

This post appeared first on USA TODAY

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Anthony Edwards exits game vs. Warriors with ankle injury, but returns

Sport 2 Mins Read

Edwards grabbed the ankle while on the court. The Timberwolves called timeout, and Edwards limped to the locker room with members of the team’s training staff.

Though the team listed Edwards as questionable to return to the game, he tested the ankle at halftime and was in the lineup to start the third quarter. Just before the third quarter began, the team had said he was available to return.

Edwards had seven points, four rebounds, three assists and three steals and the Timberwolves were ahead 37-19 when he left the game. Returning for the second half, he finished the game with 20 points, nine rebounds, five assists and three steals in 34 minutes as the Timberwolves cruised to a 117-93 win.

‘Feeling great, feeling great,” Edwards told TNT after the game when asked about his ankle.

Injuries continue to play a role in the playoffs. The Cleveland Cavaliers were without Darius Garland, Evan Mobley and De’Andre Hunter in their Game 2 loss to the Indiana Pacers, and Golden State Warriors star Steph Curry is out at least a week with a grade 1 left hamstring strain.

This story has been updated with new information.

The USA TODAY app gets you to the heart of the news — fast. Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

This post appeared first on USA TODAY

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Manny Pacquiao to return to boxing ring for title shot, per report

Sport 1 Min Read

Manny Pacquiao plans to end his retirement from boxing at 46 and is set to fight Mario Barrios July 19 in Las Vegas for the WBC welterweight championship, according to an ESPN report.

Pacquiao last fought in 2021, when he lost to Yordenis Ugas by unanimous decision.

Since then, he has spent time focused on his political career in the Philippines, where he has served as a senator and made an unsuccessful run for the presidency in 2022. Subsequently, rumblings of a possible return to the boxing ring had grown.

Boxing’s only eight-division world champion, Pacquiao has beaten the likes of Shane Mosley, Miguel Cotto and Erik Morales.

He lost to Floyd Mayweather Jr. by unanimous decision in 2015, when the two boxers combined to produce an estimated $400 million in pay-per-view buys – believed to be the biggest take in the sport’s history.

This post appeared first on USA TODAY

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Editor's pick

Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

Editor's pick 3 Mins Read

Krispy Kreme stock plunged 24% on Thursday morning after the doughnut chain said it is “reassessing” its rollout with McDonald’s and pulled its full-year outlook in part due to economic “softness.”

Krispy Kreme is not planning to launch its doughnuts in any additional McDonald’s locations in the second quarter, suspending a nationwide rollout. As of March 30, more than 2,400 of the burger chain’s roughly 13,500 domestic locations carried Krispy Kreme doughnuts.

“I remain confident in the long-term national opportunity, but we need to work together with them to identify levers to improve sales,” Krispy Kreme CEO Josh Charlesworth said.

Over the last year, Krispy Kreme shares have shed more than 70% of their value, dragging the company’s market value down to less than $600 million.

Truist downgraded the stock on Thursday from buy to hold.

“We are shocked by the speed at which the story fell apart,” Truist analyst Bill Chappell wrote. ”… We no longer have high conviction in management’s previously stated strategy and execution of these initiatives, and it will likely take several quarters before we or investors can regain confidence.”

The two restaurant companies announced more than a year ago that Krispy Kreme doughnuts would be sold in all McDonald’s U.S. locations by the end of 2026. The rollout began roughly six months ago.

While the beginning phases were promising, sales fell below projections, Krispy Kreme executives said on Thursday.

As consumers worry about the broader economy and a potential recession, they have been pulling back their spending at restaurants. McDonald’s reported a 3.6% decline in its U.S. same-store sales for the first quarter. McDonald’s CEO Chris Kempczinski said that the fast-food industry’s traffic fell as middle- and low-income diners visited restaurants less frequently.

For Krispy Kreme, profitability appears to be the key reason for slowing the rollout with McDonald’s.

“However, we are seeing that after the initial marketing launch demand dropped below our expectations requiring intervention to deliver sustainable, profitable growth,” Charlesworth told analysts on the company’s conference call.

“We are partnering with McDonald’s to increase sales by stimulating higher demand and cutting costs by simplifying operations,” he added. “At the same time, we are reassessing our deployment schedule together with McDonald’s as we work to achieve a profitable business model for all parties.”

Krispy Kreme reported a net loss of $33 million for the quarter ended March 30.

To supply all of McDonald’s U.S. restaurants, Krispy Kreme was investing in expanding capacity quickly, which weighed on profits. In the last year, the company has reported three quarters of net losses.

The company uses a “hub and spoke” model that lets it make and distribute its treats efficiently. Production hubs, which are either stores or doughnut factories, send off freshly made doughnuts every day to retail locations such as grocery stores and gas stations. Krispy Kreme is looking to prune its unprofitable locations, which could affect up to 10% of its U.S. network.

Krispy Kreme also pulled its 2025 outlook, citing “macroeconomic softness” and uncertainty around the schedule for the McDonald’s partnership.

This post appeared first on NBC NEWS

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Editor's pick

UnitedHealthcare sued by shareholders over reaction to CEO’s killing

Editor's pick 2 Mins Read

A group of investors sued UnitedHealthcare Group on Wednesday, accusing the company of misleading them after the killing of its CEO, Brian Thompson.

The class action lawsuit — filed in the Southern District of New York — accuses the health insurance company of not initially adjusting their 2025 net earning outlook to factor in how Thompson’s killing would affect their operations.

On Dec. 3 — a day before Thompson was fatally shot — the company issued guidance that included net earnings of $28.15 to $28.65 per share and adjusted net earnings of $29.50 to $30.00 per share, the suit notes. And on January 16, the company announced that it was sticking with its old forecast.

The investors described this as “materially false and misleading,” pointing to the immense public scrutiny the company and the broader health insurance industry experienced in the wake of Thompson’s killing.

The group, which is seeking unspecified damages, argued that the public backlash prevented the company from pursuing ‘the aggressive, anti-consumer tactics that it would need to achieve’ its earnings goals.

‘As such, the Company was deliberately reckless in doubling down on its previously issued guidance,’ the suit reads.

The company eventually revised its 2025 outlook on April 17, citing a needed shift in corporate strategy — a move that caused its stock to drop more than 22% that day.

‘The company denies any allegations of wrongdoing and intends to defend the matter vigorously,’ a UnitedHealthcare spokesperson said in a statement.

Thompson’s fatal shooting on the streets of New York City in broad daylight sent shockwaves across the nation.

Luigi Mangione, the 27-year-old man accused of the killing, has pleaded not guilty to federal and state charges against him. The legal defense fund for Mangione surpassed the $1 million mark in donations on Tuesday.

This post appeared first on NBC NEWS

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Stock

Use This Multi-Timeframe MACD Signal for Precision Trades

Stock 1 Min Read

In this video, Joe shares how to trade MACD signals using multiple timeframes, and how to spot stock market pullback setups that can help to pinpoint a great entry off a low. He then reviews sector performance to identify market leadership, covers key chart patterns, and discusses a looming bearish signal on QQQ and IWM. The video wraps with technical analysis on popular viewer-submitted stock symbols, including REAL, PSTG, and more.

The video premiered on May 7, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

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Stock

Three Charts to Watch for an “All Clear” Signal

Stock 5 Mins Read

With all eyes and ears on this week’s Fed meeting, it’s worth taking a big step back to reflect on conditions related to momentum, breadth, and leadership.  And while the rally of the early April lows has been significant, the S&P 500 and Nasdaq 100 now face considerable resistance at the 200-day moving average.

With that backdrop in mind, here are three charts we’re watching that have not yet signaled an “all clear” for risk assets.

Our Market Trend Model Remains Medium-Term Bearish

Long-time market newsletter author Paul Montgomery used to point out that the most bullish thing the market can do is go up. The way we make this simple assessment of market trend is using our Market Trend Model.

As of last Friday’s close, our Market Trend Model shows a short-term bullish signal, given the strength off the early April low. The medium-term model, however, remains bearish, as the recent bounce is still defined as a bear market rally. If the S&P 500 can push above its own 200-day moving average, that would likely be enough to move the medium-term model to the bullish side for the first time since October 2023.

Over the years, I’ve found the Market Trend Model to be a fantastic way of separating the short-term “flickering ticks” of day-to-day market movements from the more significant shifts in sentiment from bullish to bearish. And by staying on the right side of this model, I’ve been able to capture most of the market upside, and more importantly, avoid disastrous bear phases!

Don’t miss our daily market recap show, CHART THIS with David Keller, CMT. We’ll track how these charts evolve through the course of the week, highlight key stocks on the move, and boil down the most important market themes from a technical perspective. Join us live every trading day at 5pm ET, or catch the replay on our YouTube channel!

Will Key Stocks Breakout Above the 200-Day?

While the S&P 500 and Nasdaq 100 are testing their own 200-day moving averages, many S&P 500 members are in a very similar position. At the April 2025 market low, less than 10% of the S&P 500 stocks were above their 50-day moving average. That reading has reached almost 60% this week as literally half of the S&P 500 members have regained this short-term moving average.

While the bottom panel shows the percent of stocks above the 50-day moving average, the next panel up displays the percent of S&P 500 members above their 200-day moving average. While this has also increased over the last month, it still remains below 50%.

The countertrend rally in March 2025 saw this indicator go up to 50% and then reverse lower, providing a warning sign of further lows to come. Will we see a similar stall in this indicator in May 2025? If so, that could indicate a retest of the April low. On the other hand, if both of these gauges push above 50%, then investors should brace for much further upside for the S&P 500.

Offense Needs to Dominate Defense

Leadership themes could become incredibly important, as many leading growth stocks remain in a position of technical weakness. And unless the top growth stocks go into full rally mode, it’s hard to imagine meaningful upside for the S&P 500 and Nasdaq 100. One way to consider this relationship is to chart the ratio between Consumer Discretionary and Consumer Staples.

The top panel shows the cap-weighted sector ETFs, and the bottom panel shows the same ratio using equal-weighted sector ETFs. Both of these ratios made a major peak in Q1 2025, and both of them trended lower into a mid-April low. Over the last three weeks, we’ve seen a dramatic upside reversal in these offense-defense rations, indicating a rotation from defensive to offensive positioning.

Quite simply, I don’t see the major averages pushing higher unless these ratios continue to gain ground to the upside. We have observed strength in some Consumer Staples names, from Kroger (KR) to Coca Cola (KO), but it would take charts like Amazon (AMZN) making a significant move higher to give the S&P 500 any real chance of pushing above its own 200-day moving average. This ratio moving higher would confirm that “things you want” are outperforming “things you need”, and that has bullish implications for risk assets.

Investors are facing more uncertainty than ever as we brace for the latest Fed announcement, the newest tariff headline, and mixed results in the form of economic indicators. By watching charts like these, and keeping a watchful eye on the updated Market Summary page, StockCharts users can approach these markets with confidence.

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!

David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

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