jaredblikre.ai(@SPYJared):📊 The S&P 500 and Nasdaq have been trapped in trading ranges since early May. Underneath them, $3.2 trillion has rotated between two of the market’s biggest trades. 💰 The Magnificent Seven added about $1.5 trillion in July, while chip stocks outside Nvidia lost roughly $1.7 trillion. ⚖️ Those moves have largely canceled each other out at the index level. Big Tech earnings could finally break the stalemate.

2026.07.16 12:45

📊 The S&P 500 and Nasdaq have been trapped in trading ranges since early May. Underneath them, $3.2 trillion has rotated between two of the market’s biggest trades. 💰 The Magnificent Seven added about $1.5 trillion in July, while chip stocks outside Nvidia lost roughly $1.7 trillion. ⚖️ Those moves have largely canceled each other out at the index level. Big Tech earnings could finally break the stalemate.