Surging Wall Street profit forecasts fuel fears of ‘earnings bubble’ Financial Times: Markets · 07-03 13:00
CHIP STOCKS HIT RECORD SHARE OF S&P 500 Semiconductor stocks now make up a record 19.7% of the S&P 500, nearly four times their 2020 weighting, driven by the AI boom. The surge has fueled concerns over market concentration and stretched valuations, though strong ETF inflows continue to support the sector. Investors are watching whether AI spending can justify current chip stock prices. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 21:19
WALL STREET POSTS BEST QUARTER SINCE 2020 U.S. stocks are set to close their strongest quarter in years. The S&P 500 has gained 14% and the Nasdaq has surged 20%—both on track for their best quarterly performance since 2020. The Dow has also climbed 13%, marking its strongest quarter since late 2022. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 19:52
CITI WARNS OF GROWING BEARISH PRESSURE ON NASDAQ Citi says bearish positioning is building in the Nasdaq and S&P 500, with elevated long positions leaving the Nasdaq vulnerable to further selling. Meanwhile, investors continue rotating into small-cap stocks. In Europe, weakening flows point to fragile sentiment, while Asia shows mixed positioning, with bullish bets in South Korea and heavy bearish positioning in Hong Kong increasing short-squeeze risks. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 19:40
NASDAQ SURGES TOWARD 20% QUARTERLY GAIN U.S. stocks are set to end the quarter on a high, with futures pointing higher. The S&P 500 is up 14%, while the Nasdaq has surged 20%—its strongest quarter since 2020—despite recent volatility. Markets are also watching U.S.-Iran talks in Qatar, while oil remains steady. Meanwhile, the Japanese yen is near a 40-year low, keeping traders alert for possible intervention. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 19:27
BOFA: HEDGE THE RALLY Bank of America is urging investors to hedge further S&P 500 gains, warning the recent rally is losing momentum and could give way to a “three-wave correction” through September. Technical strategist Paul Ciana sees the index falling as low as 6,850—about 8% below current levels—and warns that even new highs could be a “head fake” before a broader pullback. *Walter Bloomberg (@DeItaone) / Twitter · 06-30 05:18
S&P 500 Halts Four-Day Drop To End Jittery Week | The Close 6/26/2026 Bloomberg Technology · 06-27 08:33