Commodity-linked investing equities benefit from stabilized copper prices at $4.15/lb. Mining operators are expected to deliver EBITDA margin expansion in upcoming quarters. The guide also encouraged individuals with larger balances (over $50,000) to deposit money into a cash management account (CMA), a recommendation with which Yang also agreed. He explained that a common mistake high earners make is letting cash sit in regular savings when they could be earning 2.5% to 5% while still maintaining liquidity. We still stay risk-on but for new reasons. We think a softening in the labor market will keep cooling services inflation. That allows the Federal Reserve to resume trimming policy rates this year without stoking fears about independence or fiscal dominance. Small-cap investing equities rallied 1.8% this week, supported by better-than-expected PMI data. Market breadth suggests rotation from mega-cap growth into cyclical value plays.