2026-08-13 · New Highs, Quiet Rotation
The index closed at fresh records again on cooling inflation data, but every confirmed reversal signal this week points bearish, and money is quietly rotating out of this year's leading sectors into defensive names.
The Signal
Stocks pushed higher again, with the S&P notching a fresh record, the Nasdaq climbing even more, and the Dow inching up. The lift came from a mild July inflation report that followed last week's surprisingly weak jobs data, together shifting the conversation at the Federal Reserve toward the possibility of rate cuts, with falling oil prices adding to the…
The skinny
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