US Stock Weekly Report

Key Points: U.S. equities saw a rotation as tech shares faced heavy selling, with the semiconductor index entering a bear market amid skepticism over AI monetization. Conversely, energy outperformed, acting as a defensive hedge against geopolitical volatility in the Middle East. With inflation remaining above target, the Fed signaled a restrictive policy stance. Market focus is shifting from momentum to earnings quality, favoring large-cap resilience as investors await further cloud and software results.

Key Points: Equities saw a rotation from AI and tech into value and defensive sectors, pushing the Dow to record highs. FOMC minutes showed a split over persistent inflation, while weak jobs data contrasted with resilient services growth. Investors are becoming cautious as high valuations face earnings scrutiny. Strategy shifts toward quality, financials, and healthcare. Outlook hinges on upcoming CPI data and bank earnings, which will test the "no landing" narrative and corporate margins in a high-rate environment.

Key Points: U.S. equities saw polarized performance during the shortened week ending July 2, 2026. The S&P 500 rose 1.8% to 7,483.24, led by communication and financial services. Conversely, the AI and semiconductor complex faced a 6.7% correction as investors locked in profits. Market sentiment shifted toward rotation, moving capital into value and cyclical sectors. Softer June payrolls (57k) and resilient ISM manufacturing (53.3%) calmed rate-hike fears, while the market now turns to Fed minutes and Q2 earnings.

Key Points: U.S. equities saw a rotation last week as major indices diverged. S&P 500 and Nasdaq fell 1.95% and 4.60% respectively, hit by a tech correction amid valuation fatigue. Conversely, the Dow and Russell 2000 rose, signaling a shift toward value. Healthcare (+7.88%) and real estate (+4.16%) led as defensive plays, while tech slid 5.32%. Inflation remained sticky, forcing a pivot from speculative growth to defensive resilience. Investors now prioritize profitability and margin protection amid rate uncertainty.

Key Points: U.S. markets rose as geopolitical relief offset a hawkish Fed. The S&P 500 gained 0.9%, while the Nasdaq jumped 2.4% on a tech rebound fueled by domestic chip-manufacturing partnerships. The Fed maintained rates but hinted at future hikes under Chair Warsh, shifting focus to price stability. Resilient retail data supports growth, but eyes are now on upcoming PCE inflation and GDP figures. We favor quality tech, industrials, and financials as investors navigate a higher-for-longer rate environment.

Key Points: U.S. equities rebounded last week, with the S&P 500 up 0.65%. Market breadth improved as capital rotated from mega-caps into small-cap and value stocks; the S&P SmallCap 600 surged 4.29%. Basic materials led sector gains (+2.91%), while communication services lagged (-0.68%) due to tech pressure. SpaceX’s historic IPO dominated headlines, successfully absorbing institutional liquidity. With cooling inflation and easing geopolitical tensions, the outlook favors a shift toward cyclicals and small-caps.

Key Points: Markets hit highs before a sharp Friday sell-off post-jobs report. Tech led the decline amid hawkish Fed fears. Upcoming CPI data is key. Investors advised to favor quality growth, especially tech/AI, and buy Nasdaq 100 dips. Risks include inflation, geopolitics, and narrow market leadership.

Key Points: US equities rallied, reaching record highs driven by AI enthusiasm and strong earnings. Geopolitical optimism regarding US-Iran talks provided support. Inflation remains a concern, with PCE data closely watched. Technology and semiconductors continue to lead. Investors favor equities, particularly US tech, amid persistent inflation and geopolitical risks.

Key Points: Energy surged 7.03%, leading the S&P 500's 1% gain. Tech rose 1.21%. Consumer Discretionary fell 3.04%. Small caps declined as investors favored larger names. Geopolitical tensions and inflation fears drove the market, with Fed rate hike speculation increasing. Consumer sentiment hit an all-time low.

Key Points: Tech led gains as S&P 500 hit records, fueled by AI. Inflation data and geopolitics (Iran war impacting oil) were key concerns. Energy surged later. Earnings were strong, but rally was narrow, concentrated in mega-caps. Next week: PMI, ISM, FOMC minutes, and major tech/retail earnings loom.