US Market Pulse

Weak September jobs data (+29k vs 84k expected) lifted equities but sparked cross-market caution.

• Nasdaq hit a record (+1%) led by Nvidia, while...

• Treasury yields fell sharply ahead of the September jobs report, while the S&P 500 finished little changed.
• Fed's Kashkari stressed inflation is...

Tom Lee urges investors to buckle up for a potential Q4 rally, citing a historical S&P 500 pattern that has delivered positive fourth-quarter returns...

Software stock strength helped lift the Nasdaq 0.46% and S&P 500 0.25% at the open, offsetting pressure from Treasury yields hitting more than two-decade highs amid inflation and government debt concerns.

S&P 500 resilience hides deepening cracks as AI concentration props up indexes while broader participation collapses.

• Dow weakness and yields: Dow...

Low P/E ratios flag potential value candidates in the S&P 500 but require deeper review before any investment decision.

• Earnings quality: Check...

Nasdaq Composite closed at 26,861.06, up 0.24%, reflecting technology and semiconductor leadership even as broader participation stayed limited with the Dow down over 400 points and 10-year Treasury yields reaching 5.33%.

• Softer-than-expected PCE at 3.4% cut October rate-hike odds to 37%, lifting Nasdaq 0.24% while S&P 500 slipped 0.25%.
• Tech and megacaps led with...

S&P 500, Nasdaq and Dow all opened higher Wednesday as softer-than-expected inflation reduced the odds of a near-term Fed rate hike. The move offers temporary relief from higher-for-longer risks but provides no evidence yet of a durable advance.

Markets price a 47.1% chance of an October hike, down from 70.9% a day earlier, while J.P. Morgan forecasts one final move in December.

• Market...

US stocks closed slightly lower on September 30, with the Nasdaq Composite declining just 0.09% to 26,797.54, the S&P 500 falling 0.17% to 7,671.01,...

September's historically weak record shows only one in three months closing red since 2000, with Q4 recoveries failing precisely when macro ruptures...

Rising Treasury yields and geopolitical turmoil are pushing investors to reassess S&P 500 multiples amid persistent market pressure.

• Bond yields...

The S&P 500 dodged the typical midterm slump and enters the historically favorable four-year cycle sweet spot through Q2 next year, with average prior...

The Fed's Financial Vulnerability Index reached the 65th percentile in Q2 2026, flagging notable structural weaknesses across valuations, leverage,...

The Federal Reserve raised its benchmark rate by 25 basis points to 3.75%-4% for the first time in over three years, citing inflation at 3.4%...

S&P 500 holds near 7,820 all-time high despite rising bond yields and conflicts, up 22.3% from yearly low.

• Micron: Q4 earnings momentum strong with...

Interest rates tell us far more about economic reality than stock prices, which are distorted by fads and have falsely predicted nine of the last five...

SoftBank paid 9.75% to fund its OpenAI stake, highlighting how elevated capital costs and rising bond yields may strain the AI spending cycle that has...

• Core vehicle: VUAG uses physical replication to track the S&P 500 Index of large US companies.
• Concentration evident: NVIDIA (8.1%), Apple (7.0%),...