Evening Market Recap - Monday, 6-Jul

Evening Market Recap - Monday, 6-Jul

US equities finished higher in Monday trading, ending a bit off best levels. Momentum rebound was the big story today with no specific catalyst, but some analyst focus on the extent of recent drawdown in the space industry. In macro news, June ISM Services fell in line with consensus, though down month over month.

Evening Market Recap - Thursday, 2-Jul

US equities finished mixed in Thursday trading. However, equal-weight S&P outperformed the cap-weighted index by ~70 bp and RSP set a fresh ATH. Momentum unwind in focus again with memory/semis hit by recent scrutiny surrounding AI capex trade and input cost pushback.

Evening Market Recap - Wednesday, 1-Jul

US equities finished lower in Wednesday trading, off midday highs, though breadth was positive and the equal-weight S&P ended higher. There were several moving parts in play today, with another day of momentum unwinding as the big story. There were some positive takes on today's ISM manufacturing reading given a big drop in the prices-paid component and less pessimistic commentary.

Evening Market Recap, Tuesday 30-Jun

US equities were higher in Tuesday trading, just off their best levels. The momentum trade again took the lead in a session without many notable drivers. There was some stalling of the broadening-out trade with S&P decliners leading advancers and the equal-weight S&P lagging the cap weighted index.

Evening Market Recap - Monday, 29-Jun

US equities finished mostly higher in Monday trading, ending near best levels. There were several big gainers in the big-tech space, though no specific catalyst in view. In macro news, Dallas Fed manufacturing fell a bit below consensus, though still reported steady new orders and rising employment.