US Market Pulse

No significant updates today.

A calm VIX at 16.15 masks growing stress beneath the surface.

• Headline calm vs. internal moves: VIX fell 27% from its June peak while XLU rose...

Fed Chair Kevin Warsh has delivered zero progress on shrinking the central bank's $6.725 trillion balance sheet after seven weeks in office, despite...

S&P 500 earnings are tracking for 29%+ YoY growth this quarter, the highest since late 2021 and a key driver keeping the AI trade intact.

• Goldman...

Friday saw modest gains across major indices with the S&P 500 up 0.42% to 7,575.39. Weekend US strikes on Iran and Hormuz closure triggered sharp oil...

Market Highlights

• Index Performance: Nasdaq and S&P 500 each rose more than 1% for the week while the Dow posted its second loss in eight...

S&P 500 gains remain tightly concentrated in mega-cap tech while the broader market lags.

• 70% of S&P 500 tech stocks sit 20%+ below all-time highs,...

Index Performance

• 🔥 Dow Streak Ends: Dow rose 0.3% Friday to 52,637.01 but fell 0.5% for the week, snapping a four-week winning streak as it...

Key earnings and data events set the stage for US indices this week.

• Taiwan Semiconductor, Goldman Sachs, JPMorgan Chase, and GE Aerospace headline...

Pre-debut rotation Thursday lifted semis as investors positioned ahead of SK Hynix's US listing. SOXX jumped over 5% and SMH rose 2.5%, while MAGS...

Market Highlights

• 🔥 Major Indices Close Higher: Nasdaq rose 1.3% to 26,206.89, S&P 500 gained 0.81% to 7,543.64, and Dow added 0.27% to...

Morningstar's Q3 outlook shows US equities trading at an 8% discount to fair value, with balanced risks versus valuations heading into the second...

• Markets opened mixed as S&P 500 and Nasdaq edged higher on chip gains while Dow slipped 0.19%.
• Chip stocks fueled a strong close with Nasdaq...

US stocks closed higher Thursday despite US-Iran tensions, as a chip-led rally offset geopolitical jitters and oil prices pulled back.

• Indices: Dow...

Dow futures dropped 480 points after Trump declared the Iran ceasefire finished, sending S&P 500 futures down 0.6% and Nasdaq 100 futures 0.7%...

Market Highlights

• 🔥 Dow Record Close: The Dow closed above 53,000 for the first time on Monday.
• Monday Gains: The S&P 500 rose 0.72% and the...

July ranks as the S&P 500's strongest month, with SPY averaging 2.56% gains over 20 years and closing higher 80% of the time.

Five large-cap tech...

Monday delivered euphoria: the Dow closed above 53,000 for the first time at 53,055.91 as chip stocks rebounded, lifting the Nasdaq 1.12% and S&P 500...

The bear case centered on the S&P 500's 7,200 level is quietly losing its math as the Dow hits fresh all-time highs and Fibonacci projections point to...

Market Highlights

• 🔥 Major Indices: S&P 500 rose to 7,483.24 and Nasdaq gained to 25,832.67 on AI stock rebound while Dow crossed 53,000 for the...