US Market Daily Brief

Is the S&P 500's historic resilience becoming overcrowded?

• 329-session streak: The index's 200-day moving average has risen for 329 straight...

As Mag 7 concentration eases, analysts forecast narrower 2026 earnings gaps with the rest of the S&P 500.

Three approaches for long-term investors:
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• Oil near $94 and 10-year yields at 4.81% are lifting inflation risks and Treasury costs.
• Stronger jobs data plus energy spike reduce odds of...

• Jobs beat reshapes outlook: August payrolls rose 162,000 versus 56,000 expected, with unemployment steady at 4.1% and wages at 3.1%, boosting odds...

The Fed's July minutes highlight an equity risk premium below 2.5 percent for five straight months, a level last seen in May 2002 before the S&P 500...

• June layoffs revised up 19,000 to 1.8 million while hires fell 16,000 to 5.3 million
• Job openings dropped 177,000 to 7.2 million, the largest...

Strong August jobs data—162,000 additions versus 56,000 expected—lifted the odds of a September 25bp rate hike to 58.4%, while hot energy prices and...

Nike's removal from the S&P 100 on September 21 highlights a sharp long-term revaluation of consumer brands, with its market cap collapsing to roughly...

Did the slide in September rate-hike odds from 63% to 50% reflect cooling inflation or simply uncertainty over how the Fed will weigh 3.4% inflation...

Pre-market futures show gains but leadership remains concentrated in megacaps: NVDA +1.8%, TSLA +5.4%, MSFT +2.7%.

• Russell 2000 lags at just +0.51%,...

S&P 500 earnings are forecast to climb +23.0% year-over-year in Q3 on +11.1% higher revenues.

• Growth appears the most broad-based in recent...

Mixed futures point to a cautious open as geopolitics and labor data dominate sentiment.

• Geopolitical risks from Middle East clashes and Strait of...

AI-fueled dealmaking lifted the broad market even as high-multiple software names sold off sharply.

• S&P 500 rose 0.5% to 7,668.79 while Nasdaq 100...

Different inflation measures often diverge because each uses distinct baskets and weights.

• CPI tracks typical household purchases while PCE covers...

Can Broadcom’s Q3 results validate sustained AI infrastructure growth and rebuild confidence after its post-Q2 sell-off?

• Revenue bar: Must hit or...

• 86% of S&P 500 companies beat Q2'26 estimates, above the 5-year average of 78%
• Nine of eleven sectors posted at least 10% y-o-y earnings growth,...

August's resilient rally ended on a sour note as oil and Treasury yields surged on Strait of Hormuz disruptions and sticky inflation signals.

The S&P...

The S&P 500 sits near record highs with 12.72% YTD gains, yet faces concentrated risks that outweigh typical seasonal weakness.

• In matching setups...

Sticky inflation and resilient growth could keep the Fed under pressure while constrained fiscal and monetary support signals a shift from the...

Société Générale expects core PCE inflation near 0.25% in August, leaving second-half readings well above target and supporting its call for three Fed rate hikes. This outlook could weigh on equity valuations, especially long-duration growth stocks.