The S&P 500 closed June down 1.06%, maintaining a bullish quarterly pattern but showing signs of consolidation and potential reversal risk. Analyst Andrew McElroy remains skeptical about a sustained breakout above 7620 in Q3, expecting the index to eventually roll over and possibly break below 7000 later this year. Short-term market moves are volatile due to failed breakouts and traps, with sharp shifts likely when one side becomes overconfident. McElroy advises a cautious, short-term focused approach while staying underweight in long-term holdings until clearer trends emerge.
IKIGAI Trading Academy, led by Qamar Zaman, has released Flight Path, a market-structure projection tool for SPX and SPY day traders. The tool helps traders plan trades by mapping bullish and bearish paths based on market structure before the open, e...
Wall Street ended the holiday-shortened week higher, driven by optimism over a potential Federal Reserve interest rate cut by year-end despite weaker-than-expected June jobs data. Technology stocks rebounded early in the week amid easing U.S.-Iran te...
In the first half of 2026, U.S.-listed ETFs attracted a record $560 billion in inflows during Q2 alone, setting a new high for any three-month period. This surge was led by low-cost core index ETFs like the iShares Core S&P 500 ETF, alongside strong ...
The projected 27% earnings growth for the S&P 500 is largely illusory, as it stems from internal money transfers, inflation, and debt-financed investments rather than genuine profit expansion. Inflation alone may contribute 4%–5% of this growth, with...
