Market Recap 2026 is off to an interesting start. However, if you’re only paying attention to U.S equity indices you may be missing some important developments. In the U.S., the S&P 500 and Nasdaq are off to a choppy start, finishing January up 1.17% and 0.97%, respectively. Market breadth and intra-index correlation remain weak. This Read More
Posts by Sam McChesney
December Market Update
Market Recap: 2025 will go down as a year that had just about everything. Political volatility, interest rate uncertainty, persistent AI bubble speculation, major market rotations, a decisive breakout in metals, international equity outperformance relative to the U.S., and meaningful crypto underperformance to name a few. Despite all of that, the S&P 500 finished the Read More
November Market Update
Market Recap: Markets were volatile in November with the S&P 500 finishing slightly positive. This was not surprising given how dependent the current rally is on a small group of companies tied to the AI theme. During the late 1990s, we saw similar behavior with elevated volatility as the market pushed to new highs. Market Read More
October Market Update
Market Recap: Stocks climbed higher in October with the S&P 500 finishing the month up 2.27%. That’s now six straight months of gains heading into what’s historically been a strong time of the year for equities. However, market breadth, meaning the percentage of stocks participating in the advance, is weakening. Less than 60% of S&P Read More
Market Update: Second Half of September
Market Recap: Stocks moved higher in late September following the Fed’s decision to cut rates. The S&P 500 extended its rally, once again led by large-cap tech. market breadth has remained relatively stable with no major red flags for now. Commodities and metals remained firm, continuing their strength from earlier in the month. International and Read More