Good morning,
Over the past few weeks, I’ve pointed out a few “technical” concerns with this market.
However, as laid out in the editorial two weeks ago, we do not fight trends around here, and thankfully, that has kept us on the right side of this market.
Along with weak seasonality, the latest “technical concern” was the S&P 500’s ascending wedge formation, with a series of lower highs in momentum.
And like all the other concerns since mid-April, this one didn’t matter either.
The S&P 500 soared to new all-time highs last week, as did the Dow Jones Industrial Average, equal-weight S&P 500, and MSCI All-Country World ex-US Index.
The trend remains up. But as today’s report will detail, there are plenty of reasons to think that the trend will continue higher well into 2026.
This week’s report will review:
Stocks big move higher last week
Rates breaking support at the long-end
Top tech names bouncing back
Emerging markets’ potential for outperformance
Why the move in stocks could just be getting started
An opportunity in the ARK funds
and more!
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