7f16def0-d0e6-5265-bf9b-228384998675Tue, 21 Jul 2026 20:15:17 +0000Captivate.fmFactsethttps://artwork.captivate.fm/f3228ad9-f3f9-4741-9b3f-8c711c1408cf/8aola2e5nfxsh1dgj5szh342.jpgFactsetFactsetStreetAccount U.S. Evening Market Recap is FactSet's daily podcast aiming to capture the most material market moving news. With a target time of ~5 minutes, this is an ideal listen for those looking to stay connected to the most important themes driving the U.S. economy & corporations.https://www.factset.com/podcastsfalseepisodic870594d0-21e6-11f0-8908-e122409ac9e6nopodcastEvening Market Recap - Tuesday, 21-JulUS equities finished higher in Tuesday trading, ending not far from best levels. Momentum bounce was the big story today, though with no particular catalyst at play.

]]>US equities finished higher in Tuesday trading, ending not far from best levels. Momentum bounce was the big story today, though with no particular catalyst at play.

]]>9e18001d-98f5-40cd-b37c-a700d200ebd2Tue, 21 Jul 2026 16:15:00 -040004:22falsefullEvening Market Recap - Monday, 20-JulUS equities finished lower in Monday trading, ending near worst levels. It was a fairly quiet session, but the narrative was still dominated by familiar themes. With few macro catalysts on the calendar this week, attention is pulled ahead to earnings: 86 S&P companies reporting this week.

]]>US equities finished lower in Monday trading, ending near worst levels. It was a fairly quiet session, but the narrative was still dominated by familiar themes. With few macro catalysts on the calendar this week, attention is pulled ahead to earnings: 86 S&P companies reporting this week.

]]>37aabf3f-577b-4f07-ba6b-2889e112f45fMon, 20 Jul 2026 16:00:00 -040004:52falsefullWeekly Market Recap - Friday, 17-JulUS equities were lower this week as the S&P 500 and Nasdaq broke back-to-back weekly gains, while the small cap R2K was down for a third-straight week. Iran tensions ramped up again this week with the latest hostilities between the US and Tehran.

]]>US equities were lower this week as the S&P 500 and Nasdaq broke back-to-back weekly gains, while the small cap R2K was down for a third-straight week. Iran tensions ramped up again this week with the latest hostilities between the US and Tehran.

]]>4a4c95c4-069f-40bb-8325-cdddc0973143Fri, 17 Jul 2026 16:15:00 -040005:37falsefullEvening Market Recap - Thursday, 16-JulUS equities finished lower in Thursday trading, near session lows. Thursday saw another rotation out of momentum and into select cyclicals and more defensive pockets of the market. In macro news, headline June retail sales are up 0.2% month over month, in line with consensus but below May's upwardly revised 1.0%.

]]>US equities finished lower in Thursday trading, near session lows. Thursday saw another rotation out of momentum and into select cyclicals and more defensive pockets of the market. In macro news, headline June retail sales are up 0.2% month over month, in line with consensus but below May's upwardly revised 1.0%.

]]>fabe0765-406e-4c33-9975-ba62314e36acThu, 16 Jul 2026 16:00:00 -040006:00falsefullEvening Market Recap - Wednesday, 15-JulUS equities were higher in Wednesday trading. Breadth was positive, though the equal-weight (RSP) trailed the cap-weighted index by over 50 bp. Momentum was under pressure again as SOX reversed its Tuesday's gains, with no help from positive ASML results.

]]>US equities were higher in Wednesday trading. Breadth was positive, though the equal-weight (RSP) trailed the cap-weighted index by over 50 bp. Momentum was under pressure again as SOX reversed its Tuesday's gains, with no help from positive ASML results.

]]>54acc1f1-20e0-4d97-80c5-b6db9fa2ba6eWed, 15 Jul 2026 16:15:00 -040007:44falsefullEvening Market Recap, Tuesday 14-JulUS equities were mostly higher in Tuesday trading. The rate rally on a cooler June CPI was a positive for risk sentiment, offering some pushback against the recent hawkish lean in Fed narrative. The momentum bounce was another tailwind following the latest unwind pressure that continued to be largely chalked up to technical dynamics.

]]>US equities were mostly higher in Tuesday trading. The rate rally on a cooler June CPI was a positive for risk sentiment, offering some pushback against the recent hawkish lean in Fed narrative. The momentum bounce was another tailwind following the latest unwind pressure that continued to be largely chalked up to technical dynamics.

]]>c10135db-4eb1-4623-9236-0be3074b674aTue, 14 Jul 2026 16:15:00 -040006:35falsefullEvening Market Recap, Monday 13-JulUS equities were lower in Monday trading as stocks ended a bit off their worst levels. Another big momentum selloff was the focus of the day, following a weak Asia session overnight. Similar to the momentum unwind that preceded last week's stabilization, there was no notable fundamental catalyst for the move

]]>US equities were lower in Monday trading as stocks ended a bit off their worst levels. Another big momentum selloff was the focus of the day, following a weak Asia session overnight. Similar to the momentum unwind that preceded last week's stabilization, there was no notable fundamental catalyst for the move

]]>51738b71-cbbb-44c5-a623-79e226df3105Mon, 13 Jul 2026 17:00:00 -040005:47falsefullWeekly Market Recap - Friday, 10-JulMajor US indices were mixed this week, with the S&P and Nasdaq both rising for the fourth time in the past five weeks. The week saw some stabilization in the momentum trade. June ISM Services was in line with consensus.

]]>Major US indices were mixed this week, with the S&P and Nasdaq both rising for the fourth time in the past five weeks. The week saw some stabilization in the momentum trade. June ISM Services was in line with consensus.

]]>d1ba65f0-7a90-4752-bef6-26768a161697Fri, 10 Jul 2026 16:15:00 -040005:28falsefullEvening Market Recap - Thursday, 9-JulUS equities were higher in Thursday trading, with the S&P 500 and Nasdaq now on pace for weekly gains. Momentum was again the big driver in a continuation of Wednesday's rebound. The broadening-trade was back in evidence after yesterday's narrowly focused gains, with the RSP not far below another fresh record close.

]]>US equities were higher in Thursday trading, with the S&P 500 and Nasdaq now on pace for weekly gains. Momentum was again the big driver in a continuation of Wednesday's rebound. The broadening-trade was back in evidence after yesterday's narrowly focused gains, with the RSP not far below another fresh record close.

]]>581dcbe5-a47f-4249-a268-8ffa531c7544Thu, 09 Jul 2026 16:15:00 -040005:52falsefullEvening Market Recap - Wednesday, 8-JulUS equities were mostly lower in Wednesday trading, though near the session highs. Geopolitics drove some of the broad risk-off today; oil and Treasury yields were up while S&P decliners outnumbered gainers by three to one. June FOMC minutes were largely uneventful.

]]>US equities were mostly lower in Wednesday trading, though near the session highs. Geopolitics drove some of the broad risk-off today; oil and Treasury yields were up while S&P decliners outnumbered gainers by three to one. June FOMC minutes were largely uneventful.

]]>a1fb4edd-935e-436e-8d47-c75c14b86be8Wed, 08 Jul 2026 16:15:00 -040005:14falsefullEvening Market Recap, Tuesday 7-JulUS equities were lower in Tuesday trading, though off their worst levels. The momentum trade names led the market to the downside, with notable weakness in memory, semis, and AI energy infrastructure. Today's action extended the recent momentum selloff which has been attributed to factors including the growing fears around the return on investment for AI capex, Chinese and open source model competition, and frontier model commoditization.

]]>US equities were lower in Tuesday trading, though off their worst levels. The momentum trade names led the market to the downside, with notable weakness in memory, semis, and AI energy infrastructure. Today's action extended the recent momentum selloff which has been attributed to factors including the growing fears around the return on investment for AI capex, Chinese and open source model competition, and frontier model commoditization.

]]>ac201f40-d633-425c-8980-9c10c26f411cTue, 07 Jul 2026 16:15:00 -040005:45falsefullEvening Market Recap - Monday, 6-JulUS equities finished higher in Monday trading, ending a bit off best levels. Momentum rebound was the big story today with no specific catalyst, but some analyst focus on the extent of recent drawdown in the space industry. In macro news, June ISM Services fell in line with consensus, though down month over month.

]]>US equities finished higher in Monday trading, ending a bit off best levels. Momentum rebound was the big story today with no specific catalyst, but some analyst focus on the extent of recent drawdown in the space industry. In macro news, June ISM Services fell in line with consensus, though down month over month.

]]>72901583-da98-42d8-b676-86cad5ef15e2Mon, 06 Jul 2026 16:00:00 -040004:54falsefullEvening Market Recap - Thursday, 2-JulUS equities finished mixed in Thursday trading. However, equal-weight S&P outperformed the cap-weighted index by ~70 bp and RSP set a fresh ATH. Momentum unwind in focus again with memory/semis hit by recent scrutiny surrounding AI capex trade and input cost pushback.

]]>US equities finished mixed in Thursday trading. However, equal-weight S&P outperformed the cap-weighted index by ~70 bp and RSP set a fresh ATH. Momentum unwind in focus again with memory/semis hit by recent scrutiny surrounding AI capex trade and input cost pushback.

]]>159fda0c-6733-4b58-91a6-51fa026eb332Thu, 02 Jul 2026 17:00:00 -040003:16falsefullEvening Market Recap - Wednesday, 1-JulUS equities finished lower in Wednesday trading, off midday highs, though breadth was positive and the equal-weight S&P ended higher. There were several moving parts in play today, with another day of momentum unwinding as the big story. There were some positive takes on today's ISM manufacturing reading given a big drop in the prices-paid component and less pessimistic commentary.

]]>US equities finished lower in Wednesday trading, off midday highs, though breadth was positive and the equal-weight S&P ended higher. There were several moving parts in play today, with another day of momentum unwinding as the big story. There were some positive takes on today's ISM manufacturing reading given a big drop in the prices-paid component and less pessimistic commentary.

]]>334d8e86-7fc9-44ce-9745-470a5a382506Wed, 01 Jul 2026 16:15:00 -040005:38falsefullEvening Market Recap, Tuesday 30-JunUS equities were higher in Tuesday trading, just off their best levels. The momentum trade again took the lead in a session without many notable drivers. There was some stalling of the broadening-out trade with S&P decliners leading advancers and the equal-weight S&P lagging the cap weighted index.

]]>US equities were higher in Tuesday trading, just off their best levels. The momentum trade again took the lead in a session without many notable drivers. There was some stalling of the broadening-out trade with S&P decliners leading advancers and the equal-weight S&P lagging the cap weighted index.

]]>081df219-ce91-4de1-9b80-4df989160047Tue, 30 Jun 2026 16:15:00 -040006:09falsefullEvening Market Recap - Monday, 29-JunUS equities finished mostly higher in Monday trading, ending near best levels. There were several big gainers in the big-tech space, though no specific catalyst in view. In macro news, Dallas Fed manufacturing fell a bit below consensus, though still reported steady new orders and rising employment.

]]>US equities finished mostly higher in Monday trading, ending near best levels. There were several big gainers in the big-tech space, though no specific catalyst in view. In macro news, Dallas Fed manufacturing fell a bit below consensus, though still reported steady new orders and rising employment.

]]>4d0083a2-c548-4232-bcfa-7d3304a5624fMon, 29 Jun 2026 16:00:00 -040005:04falsefullWeekly Market Recap - Friday, 26-JunMarkets were mixed this week with AI remaining the dominant theme as the Iran war continued to take a backseat. Early-week softness in semis and memory was driven largely by positioning and market concentration concerns, while actual fundamentals remained solid. Those concerns were largely offset by MU's blowout earnings and guidance, which reinforced confidence in the AI capex cycle and sustained memory demand.

]]>Markets were mixed this week with AI remaining the dominant theme as the Iran war continued to take a backseat. Early-week softness in semis and memory was driven largely by positioning and market concentration concerns, while actual fundamentals remained solid. Those concerns were largely offset by MU's blowout earnings and guidance, which reinforced confidence in the AI capex cycle and sustained memory demand.

]]>a7b765f9-bb6b-4cee-8b23-46b5f5098c6fFri, 26 Jun 2026 16:15:00 -040004:17falsefullEvening Market Recap - Thursday, 25-JunMajor averages were overall little changed, but there was a lot of movement beneath the surface. The momentum trade bounce driven by renewed support for the AI capex trade following blowout results from Micron. Pockets of the broadening out/reopening/cyclical trade worked as well, with small caps, industrials, builders, travel & leisure and banks the standouts.

]]>Major averages were overall little changed, but there was a lot of movement beneath the surface. The momentum trade bounce driven by renewed support for the AI capex trade following blowout results from Micron. Pockets of the broadening out/reopening/cyclical trade worked as well, with small caps, industrials, builders, travel & leisure and banks the standouts.

]]>6f93ad0e-642c-43d5-8d4a-0b68ac6a07afThu, 25 Jun 2026 16:15:00 -040006:01falsefullEvening Market Recap, Wednesday 24-JunUS equities were mixed in Wednesday trading as stocks struggled for direction after the Tuesday selloff. Today's big rate rally and ongoing oil selloff did not do much to support stocks as a hawkish Fed remains an overhang, while inflation concerns beyond oil remain elevated. May new home sales rose 580K m/m, missing consensus of 640K and the weakest since Jan-26.

]]>US equities were mixed in Wednesday trading as stocks struggled for direction after the Tuesday selloff. Today's big rate rally and ongoing oil selloff did not do much to support stocks as a hawkish Fed remains an overhang, while inflation concerns beyond oil remain elevated. May new home sales rose 580K m/m, missing consensus of 640K and the weakest since Jan-26.

]]>51eecad1-8d84-46b8-8b57-63c0cfc0231aWed, 24 Jun 2026 16:15:00 -040005:48falsefullEvening Market Recap, Tuesday 23-JunUS equities were lower in Tuesday trading, a bit off worst levels. Momentum memory semis under outsized pressure. Big Tech mostly lower.

]]>US equities were lower in Tuesday trading, a bit off worst levels. Momentum memory semis under outsized pressure. Big Tech mostly lower.

]]>dacd2bd3-9f85-4551-9054-8d9ca528c43eTue, 23 Jun 2026 16:05:00 -040005:05falsefull