US Market Brief

Nasdaq touched a fresh intraday high of 27,212.68 on Sept 22, reclaiming its June peak as AI demand and falling oil prices lifted tech stocks.

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The S&P 500 trades at roughly 21x earnings, but this headline figure is inflated by mega-caps while the average stock sits near 17x and mid-caps...

Is the semiconductor rally supported by durable fundamentals, or increasingly fragile amid FX and credit pressures?

• FX sensitivity: USD/KRW...

• ONEQ targets large-cap growth via the Nasdaq Composite, holding 1,036 stocks and $11.06B in assets.
• Key risks: 53.5% in Information Technology;...

• Nasdaq hit a fresh record on Monday with a 2.3% surge while six in ten stocks fell, highlighting extreme narrowness.
• AI leaders drove gains—Meta...

• U.S. stock futures advanced as Trump issued fresh warnings to Iran and Tehran threatened retaliation
• Energy markets stayed on alert over Strait of...

Two reports highlight differing priorities for whether the S&P 500 and Dow break their sideways range or lose support.

• Fed speakers lead Article...

• Semiconductors prop up the S&P 500 while equal-weight index weakens and market breadth deteriorates.
• 5Y5Y forward real yield hits 2.83%, repricing...

• Fed shifts to rate hikes for first time in over three years as 10-year yield reaches 5%
• Oil near $100 and consumer sentiment at 47.8 compound...

U.S. real median household income reached a record $87,460 in 2025, yet gains were uneven across demographics. The Iran war has since worsened...

Technical deterioration is appearing in the S&P 500 outside the technology sector, with credit spreads nearing bear territory. This suggests market weakness may prove broader than headline index levels indicate, a key signal for long-term investors.

• Markets initially held gains after the expected 25bp hike but reversed sharply following Warsh's hawkish press conference on elevated inflation
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The Nasdaq Composite has spent more than a month shuffling sideways, yet technical analysis now points to the tech-heavy index preparing for a break....

• 10-year Treasury yields rose further above 5% to the highest level since 2007, tightening financial conditions.
• The S&P 500 fell 0.46-0.48%,...

• Fed decision looms: Wednesday's rate call is the key catalyst, likely lifting VIX 1-Day to around 20 and MOVE Index higher as uncertainty peaks.
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• S&P 500 futures gapped exactly into the $7602 demand zone, keeping the plan unchanged with updated levels.
• Nasdaq futures entered the lower...

Markets now price an 80% chance of a 25bp Fed hike this week after the CPI report. The 2-year yield sits at 4.63% while the 10-year closed at its...

U.S. indices snapped a four-day skid as cooling oil and in-line CPI lifted the S&P 500 0.9%, Nasdaq ~1%, and Dow ~1% or 500 points.

• Oil pullback...

The 10-year yield's jump toward 5% is driving gold lower to $4,344 and silver to $64, while the S&P 500's fight between its ATH at 7816 and the 200...

• 10-year Treasury yields hit 4.92%, their highest since October 2023, making bonds more competitive versus stocks near all-time highs.
• Elevated...