FactSet Evening Market Recap
StreetAccount 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.
Episodes
Weekly Market Recap - Friday, 24-Jul
Major U.S. equity indices declined this week, extending last week's pullback. Markets spent the week balancing strong AI enthusiasm against rising geopolitical and macro headwinds. Mag 7 earnings got off to a rough start despite solid results, highlighting investors' sensitivity to AI spending and margin pressure.
Evening Market Recap - Thursday, 23-Jul
US equities finished down in Thursday trading, ending a bit above session lows. Big tech was broadly lower with GOOGL and TSLA the notable Mag 7 decliners on their reports. Capex a notable overhang on the former though remains a positive for the AI infrastructure narrative.
Evening Market recap, Tuesday 22-Jul
US equities finished mostly lower in Wednesday trading, though S&P gainers/decliners were fairly evenly split. Overall, momentum extended Tuesday's bounce.
Evening Market Recap - Tuesday, 21-Jul
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.
Evening Market Recap - Monday, 20-Jul
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.
Weekly Market Recap - Friday, 17-Jul
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.
Evening Market Recap - Thursday, 16-Jul
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%.
Evening Market Recap - Wednesday, 15-Jul
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.
Evening Market Recap, Tuesday 14-Jul
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.
Evening Market Recap, Monday 13-Jul
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
Weekly Market Recap - Friday, 10-Jul
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.
Evening Market Recap - Thursday, 9-Jul
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.
Evening Market Recap - Wednesday, 8-Jul
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.
Evening Market Recap, Tuesday 7-Jul
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 compe
Evening Market Recap - Monday, 6-Jul
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.
Evening Market Recap - Thursday, 2-Jul
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.
Evening Market Recap - Wednesday, 1-Jul
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.
Evening Market Recap, Tuesday 30-Jun
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.
Evening Market Recap - Monday, 29-Jun
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.
Weekly Market Recap - Friday, 26-Jun
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
Recommended
The Articulate SpecialOne
Difference Makers
The Loop
Dubs Talk: A Golden State Warriors Podcast
A Life Engineered
پادکست بهزاد بلور | Behzad Bolour's Podcast
Beauty of Real Love
Brazo Wa Afrika Addictive Sessions
The Rabbit Hole: Conspiracy Theories
Detection Dispatch (Alex's Version)
Native Plants, Healthy Planet
The Conspiracy Podcast
