Market Notes for 8/3-8/7
Market Notes for 8/3-8/7
Market Notes for 8/3-8/7
The S&P 500 posted its first negative July since 2014 following a highly volatile week. Wednesday’s FOMC meeting resulted in a 9-3 decision to hold rates, with three members dissenting in favor of a hike, while a confusing press conference pushed the 30-year Treasury yield above 5.19%, its highest level in 19 years, and triggered the Dow’s worst daily decline since April 2025. Meanwhile, AI spending remains a major market focus, with hyperscalers now guiding to a combined $720–745 billion in 2026 capital expenditures. Investors are increasingly rewarding companies that can clearly monetize those investments while becoming more selective toward those with less proven AI returns.
