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Weekly Performance Summary: Aug 7th, 2026

COMMENTARY: The S&P 500 Index advanced 3.58% for the week ending August 7, 2026, reflecting a constructive tone across equity markets. Investor sentiment was supported by a combination of resilient corporate earnings, easing inflation expectations, and continued optimism around artificial intelligence–driven growth. Additionally, economic data pointed to steady consumer demand, while commentary from Federal Reserve […]

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Narrations of a Sector ETF Operator: The Macro Pivot Is Moving to the Long End

Weak employment, strong earnings, improving productivity and Middle East de-escalation are creating a more rates-friendly macro backdrop. If inflation cooperates and real yields decline, Quality and Growth should benefit, while Momentum, crowded AI hardware and Energy face greater pressure.

Narrations of a Sector ETF Operator: The Macro Pivot Is Moving to the Long End Read More »

Thematic Thursday: Rotation from Generic AI to Potential AI Winners

Thematic flows are becoming more sector-specific as investors rotate from semiconductors toward software and cybersecurity, from broad energy toward MLPs, and from clean energy toward electrification. The strongest demand now favors visible revenue, infrastructure needs and recurring cash flow.

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The Sundering of the Mag7: Valuation Dispersion means Each Stock is a Different Bet

The Magnificent Seven no longer trade as one fundamental story. Nvidia and Microsoft offer visible AI earnings, Meta and Alphabet pair lower valuations with spending risk, while Apple, Amazon and Tesla create sharply different implications for VGT, VOX and VCR.

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Narrations of a Sector ETF Operator: The Momentum Unwind Likely Ends When Real Yields Turn

Low equity volatility shows the momentum unwind is a concentrated positioning reset, not broad risk-off selling. The durable Growth pivot will arrive when Middle East resolution or tame core inflation pulls long-term nominal and real Treasury yields decisively lower.

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Weekly Performance Summary: July 31st, 2026

COMMENTARY: The S&P 500 advanced 1.05% for the week ending July 31, 2026, capping a busy week driven by a combination of corporate earnings, economic data, and Federal Reserve commentary. Investors welcomed another round of generally solid second-quarter earnings, particularly from several large technology companies, while stronger-than-expected economic growth reinforced confidence in the resilience of

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Weekly Performance Summary: July 24th, 2026

COMMENTARY: The S&P 500 declined 0.61% for the week ending July 24, 2026, as investors took a more cautious approach following several weeks of strong gains. While second-quarter earnings generally continued to come in ahead of expectations, markets became more selective in rewarding results, particularly among large-cap growth companies. Economic data painted a mixed picture,

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Thematic Thursday: Flows Favor Hard AI, Power Infrastructure, Cash Flow and Geopolitical Hedges

Thematic ETF flows show investors buying hard AI infrastructure, dividend quality and geopolitical hedges while cutting software, generic AI, travel and housing. The biggest rotation is not out of AI, but away from narratives toward chips, power and cash flow.

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Weekly Performance Summary: July 17th, 2026

COMMENTARY: For the week ending July 17, 2026, the S&P 500 declined 1.55% as investors took a more cautious approach following several weeks of strong gains. Markets weighed a combination of mixed corporate earnings, evolving expectations for Federal Reserve policy, and renewed concerns about inflation after economic data suggested price pressures remain more persistent than

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Weekly Performance Summary: July 10th, 2026

COMMENTARY: U.S. equities continued their upward momentum during the week ending July 10, with the S&P 500 advancing 1.23%. Investors were encouraged by another round of resilient economic data, including continued strength in the labor market and signs that inflation remains on a gradual path toward the Federal Reserve’s long-term target. Market sentiment also benefited

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