action is flat overall

Weekly Update

The Changing Market Structure


Published June 26, 2026

 

Just a brief note this week as the stock market continues a slow summer grind. While the action at the broad index level has been flat overall (the S&P 500 and Nasdaq both sit roughly where they were seven weeks ago), the action underneath has been furious.  There has been a serious rotation OUT of the Mag 7 stocks that have powered this market for so long. (more…)