Market Notes for 8/10-8/14
Market Notes for 8/10-8/14
Market Notes for 8/10-8/14
The S&P 500 surged 3.6% to a record close of 7,757.64, marking its best week since April. Bessent helped ignite a massive squeeze on Tuesday after hinting at the potential for QE while also suggesting the Strait of Hormuz could reopen within days. Those headlines provided another boost to an already strong market.
Earnings have also remained a major tailwind. With more than 85% of the S&P 500 having reported, Q2 earnings growth is tracking near 48%,roughly double expectations heading into the season,while the earnings beat rate remains above 85%.
Economic Calendar this week:
