Shares of burgeoning tech darling Broadcom (AVGO) slid on Friday after the company posted results, while nagging concerns about Oracle Corp (ORCL) and Meta Platforms (META) weighed on the Technology sector.

Double Top

The S&P 500 (SPX) has made an impressive rebound but is once again struggling to break out. It’s a tall order when growth sectors are spinning their wheels or slipping. It would also be easier for a breakaway if there were greater conviction in the likelihood of more rate cuts.

Pesky Yields

A rising 10-year bond yield (TNX) isn’t what equity holders want to see.

Jobs Are Back (job reports)

Jobs Tuesday?  The jobs report is back on Tuesday. It will be hugely influential for the rest of the year and early 2026.
 

Today’s Session

Empire State Fed forward-looking indicators were universally higher. 

In addition, the pre-opening screen has a lot of green.