US Market Daily Brief

• S&P 500 EPS growth in 2026 is projected nearly half from AI investment, even as the Fed's September hike sparks debate over further tightening...

Can stocks extend their rally as economic data, elevated Treasury yields and the shift from bill paydowns to net issuance tighten financial...

U.S. indexes advanced Friday with the Dow gaining 0.9%, S&P 500 up 0.5%, and Nasdaq rising 0.5-0.6%, setting up weekly gains.

• Treasury yields stayed...

Stocks showed surprising resilience with the S&P 500 near all-time highs above 7800, defying expectations of a September correction. High 10-year...

U.S.-Iran peace hopes lifted the Dow 0.5% at the open while the S&P 500 also advanced.

• Semiconductor names led: Micron and Sandisk posted early...

Bond yields at 2007 highs are now the clearest risk to further equity gains, even while S&P 500 earnings growth stays exceptionally...

Mid-cap Nasdaq companies show strong potential to become future large-cap leaders through heavy R&D reinvestment and sector diversification.

• R&D...

Nasdaq surged to a fresh record high of 27,122 while S&P 500 climbed within 1% of its peak at 7,764.70, fueled by big-tech gains in META, AMD, and...

Options-driven flows can trigger self-reinforcing Nasdaq rallies that have little to do with fundamentals. After the Fed hiked rates to 3.75-4.00%,...

• Market moves: S&P 500 flat while Nasdaq rose ~80 bps, with semis still leading
• FX watch: Stronger USD/KRW-SMH correlation since 2023 suggests...

• Nasdaq surged while Dow rose over 300 points after Treasury Secretary Bessent highlighted positive China talks.
• Nvidia and Alphabet led gains as...

• Piper Sandler flags deteriorating breadth and momentum, urging caution on equity exposure.
• Jefferies targets 8,000 by end-2026 and 9,000 by...

The S&P 500 slipped just 0.08% for the week, its second straight decline, and now sits 1.9% below the record close while remaining up 11.76% year-to-date.

Technology and semiconductor strength powered the September 17 advance, yet not all chip names matched the sector surge.

• Major indices climbed,...

Can Nasdaq hold the 100/200-hour MAs at 26,293/26,348 before another run at the 26,676-26,856 ceiling?

• Buyers reclaimed both averages after...

• 10-year yield climbed back to 5%, weighing on the Dow which fell 0.3-0.4% while S&P 500 and Nasdaq showed relative resilience or small gains.
• Only...

The week of September 20 features August New Home Sales as the key report, with consensus at 615 thousand.

• Thursday: Initial claims expected at...

Markets opened with modest gains as oil prices eased, but closed on a mixed note after a volatile week marked by yields above 5% and crude above...

Midday momentum built as the S&P 500 cleared 7,600 with the Nasdaq Composite up 1.45%, outpacing the Dow's 0.42% gain amid tech leadership.

By close,...

BofA's normalized PE ratio of 32 for the S&P 500 implies -3% average annual returns over the next decade. The equal-weighted version, with a 25 PE,...