Equities Breadth Widens Into a Loaded Catalyst Week

Equity breadth is widening, not narrowing, right as three of the year's most concentrated catalysts land in the same five trading days. SPY closed at 765.72 on Monday, up 0.41%, and QQQ finished at 713.44, up 0.35%, both within striking distance of 52-week highs. What matters more than either number is who is keeping pace: DIA rose 0.98% and IWM rose 0.77%, both outrunning the mega-cap indices and both sitting within 2-3% of their own 52-week highs. That is not a market held up by a handful of AI-capex names. It is a tape where the Dow and small-caps are pulling their own weight into a week that carries the July core PCE print, NVIDIA's fiscal second-quarter report, and Fed Chair Kevin Warsh…