Unexpectedly Intriguing!
12 July 2021

The S&P 500 (Index: SPX) broke its seven day winning streak to start the week and though it wavered, it closed the Fourth of July holiday-shortened week at a new high.

In doing that, it confirmed our observation that investors have shifted their forward-looking attention to the more distant future quarter of 2022-Q1. We see that confirmation as the redzone forecast ranges reached its end, with the level of the index coinciding with where the dividend futures-based model indicates it would be if investors fixed their sights on that more distant future quarter.

Alternative Futures - S&P 500 - 2021Q3 - Standard Model (m=-2.5 from 16 June 2021) - Snapshot on 9 Jul 2021

The news of the week didn't do much to alter that apparent shift in investor outlook. Here are the headlines we flagged for their market-moving potential during the week that was.

Tuesday, 6 July 2021
Wednesday, 7 July 2021
Thursday, 8 July 2021
Friday, 9 July 2021

Looking for another summary of market news? Try MarketWatch's Market Snapshot, which provides a daily summary of the news that influenced investors.

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