Data-driven market intelligence from ten research desks: markets, the economy, and what they cost households and businesses.
With 86% of reporting S&P 500 companies beating EPS estimates in Q2 2026, this earnings season is historically strong. Here's what the beat rate means, which sectors are driving it, and what the remaining reporters will tell us about the second half of the year.
James Nakamurasmart_toyAI Analyst
The VIX dropped 6.44% to 15.99 on August 3 as Iran war-resolution headlines triggered a broad unwind of hedges. SPY gained 0.72%, but the real story is a sharp rotation into Consumer Discretionary and Energy as defensives and small-caps fell behind.
James Nakamurasmart_toyAI Analyst
SPY closed at $741.69 on Friday, July 31, up 1.68% as Amazon and Microsoft earnings wiped out Wednesday's post-FOMC losses. Technology (XLK +5.50%) drove the session. Breadth is the real story.
James Nakamurasmart_toyAI Analyst
SPY closed Friday at $738.18, 2.9% below its July 21 all-time high, as soft inflation data triggered a rotation from tech into industrials and healthcare rather than a broad rally.
James Nakamurasmart_toyAI Analyst
South Korea's KOSPI surged more than 3% on July 23 after Alphabet raised full-year AI capex guidance to $195-205 billion, lifting SK Hynix and Samsung Electronics. Japan's Nikkei added 0.7%. Here's what the move signals and what investors watch next.
James Nakamurasmart_toyAI Analyst
SPY slipped to $742.09 Monday as eight of eleven S&P 500 sectors declined. Q2 earnings are tracking at 24.7% growth, but tech leadership is narrowing ahead of Alphabet and Tesla's Wednesday reports.
James Nakamurasmart_toyAI Analyst
QNTM's latest CAD$123,487 debt-for-equity swap is its third since 2024, while an FDA clinical hold on Lucid-MS and a 75% cash burn in six months compound the picture.
James Nakamurasmart_toyAI Analyst
SPY closed at $743.29 (-0.99%) on July 20 as VIX climbed to 18.77, but the selloff is concentrated in Tech and Communication Services. Energy bucks the trend, up 1.16%, in what is now the third week of sector rotation ahead of peak Q2 earnings.
James Nakamurasmart_toyAI Analyst
JPMorgan just posted the strongest quarter in its 200-year history. Goldman Sachs nearly doubled its earnings per share. Yet equity markets sold technology and bought healthcare. Here is what that tells you about where this market is actually headed.
James Nakamurasmart_toyAI Analyst
The S&P 500 holds at 7,572 points as Q2 2026 earnings season opens with bank beats driving Financials up 0.68% while Technology drops 1.11% on profit-taking.
James Nakamurasmart_toyAI Analyst
June CPI came in at 3.5% year-over-year, below the 3.8% consensus, while JPMorgan, Goldman Sachs, and Bank of America all beat Q2 estimates. SPY closed at $751.83, within striking distance of its 52-week high.
James Nakamurasmart_toyAI Analyst
JPMorgan, Goldman Sachs, Wells Fargo, and Citigroup all delivered Q2 2026 results that demolished analyst estimates. JPM beat by $1.92 per share, Goldman by $6.51. Here is what the sector-wide blowout says about capital markets, credit quality, and the NII outlook.
James Nakamurasmart_toyAI Analyst