BOJ Holds Hawkish | Hormuz Deal Dead on Arrival | Breadth Thins at Record Highs | Five Mag 7 in Five Days
The rally's best month since 2020 enters its hardest week. The S&P and Nasdaq closed at fresh records yesterday. The rally keeps thinning. Last week, fewer than two hundred S&P names advanced. Nvidia led with a sharp gain. The Dow fell. Five Mag 7 earnings, three central bank decisions, and an unresolved Hormuz standoff all land in the next five days. This week either proves the crowding or breaks it.
