The S&P 500 refuses to correct. The index closed Friday at 7,686 — a fresh record close, up 2.6% from late July and comfortably above every prior peak this year. The June correction to 7,238 has been fully retraced, the leadership has broadened beyond the megacaps, and the market has now gone a full month […]
The S&P 500 opens the second half parked at 7,490 — up 0.1% for July, up modestly for the quarter, and completely directionless for a month. The next catalyst arrives next week, when the big banks kick off earnings season. What’s expected Consensus calls for mid-to-high single-digit year-over-year earnings growth — solid, but a deceleration […]
The S&P 500 closed the week at 7,473 — roughly where it started, roughly where it ended last week, and roughly where it’s spent the entire month. June has become a drawn-out stalemate between dip-buyers and profit-takers, and both sides are refusing to blink. The bull case, stated fairly Every test of 7,240–7,350 has been […]
The S&P 500’s remarkable run finally hit some friction. The index closed Friday at 7,384 — down 3% from the early-June record near 7,610 and briefly touching 7,238 during Tuesday’s session, the deepest intraday decline of 2026. After a straight-line rally that added 9% in six weeks, the pullback was overdue and, so far, entirely […]
Here’s a puzzle worth sitting with: the S&P 500 closed at 7,445 on Wednesday, up more than 9% from its April low, while gold — the classic fear asset — sits at 4,543, down 9% from its April peak. Stocks at records and gold in a correction is an unusual combination. What is the market […]