September arrives with every major market extended, every central bank on deck, and a calendar loaded enough to move all of them. Here are the five things that matter most. 1. The Fed meeting The single biggest event. The market wants clarity on the first rate cut; the Fed wants optionality. The gap between those […]
7,816. The S&P 500 touched that level on Wednesday — its first foray above 7,800 — before settling near 7,780. The rally that began at the June correction low of 7,238 has now delivered 8% in eleven weeks, and the character of the advance keeps improving. Breadth is the headline Unlike the narrow megacap-led rallies […]
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 […]
Every cross-asset investor felt the yen shock this week, even those who’ve never traded USD/JPY. Here’s the damage report — and the lesson inside it. The scoreboard Stocks: the S&P 500 spent the week wobbling around 7,490, down modestly from July’s highs but well above the June correction low of 7,238. The equity market’s reaction […]
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 […]