S&P 500 Near All-Time Highs, but Breadth Tells a Different Story
The S&P 500 is trading near 7,600, within 0.2% of its all-time high, and 86% of reporting companies beat earnings estimates this quarter. On paper, that is the strongest backdrop for U.S. equities since the post-pandemic recovery. But the market internals underneath that headline are telling a more complicated story, and understanding which version of reality is currently in charge matters more than picking a side. Key takeaways SPY, the S&P 500 ETF, closed at $757.67 on August 4, within 0.4% of its 52-week high of $760.40, with the S&P 500 index near 7,600 points. Q2 2026 blended EPS growth of 47.4% is the highest since Q2 2021, though the figure drops to 28.8% when Alphabet and Amazon's on…
Continue reading with Premium
The full equities analysis, with levels, positioning, and what changed, continues below the line.
- checkFull deep-dive reports while they're current: levels, positioning, and conviction scores
- checkWatchlist changes as our analysts make them
- checkExclusive investigative reports
Not ready? Create a free account for extended previews · Already a member? Log in
Secure checkout via Stripe