On August 13, U.S. Eastern Time, the S&P 500 first broke above the 7,800-point mark during intraday trading, then closed at 7,798.99 points to set a new all-time record 📈. This surge wasn’t a lone move—it was driven by three forces working together: "cooling inflation + technology earnings + a semiconductor breakout".
That evening, the U.S. July PPI year over year fell to 4.7%, far below June’s 5.5%. Core PPI also came in line with expectations. The market priced in a higher probability—around 63%—that the Federal Reserve will hold steady in September. U.S. Treasury yields dropped immediately, and the valuation environment for growth stocks loosened right away. Meanwhile, FactSet showed that the S&P 500’s net profit margin jumped to 16.9% in Q2, the highest level recorded since 2009. By sector, memory chips surged across the board: SanDisk (SNDK) rocketed up 13.68% in a single night, Western Digital (WDC) rose more than 7%, and Micron (MU) climbed more than 5%. Super Micro Computer (SMCI) also jumped more than 7% after its earnings guidance came in far above expectations. If you want to track the broader market with one click, Schwab’s SWPPX (Schwab S&P 500 Index Fund) is a classic choice among S&P 500 index funds.
In the short term 📉: The RSI has broken above 70 into overbought territory. Goldman Sachs warned that hedge funds’ total leverage is at the 93rd percentile over the past five years. August is also a seasonally weak month for fund flows. Within the 350-point trading range, the “wreckage” hasn’t been cleared yet, and a technical pullback could happen at any time. In the long term 📈: Corporate earnings are up more than 50% year over year, and early signs of AI monetization are emerging. Citigroup and JPMorgan have already raised their year-end 2026 targets to 8,100/8,000 points. One sentence—📈 is the direction, 📉 is the timing. Don’t forget that 📉 exists at the top of 📈. #标普500首破7800点创新高
$SPY
$SNDK
$WDC
That evening, the U.S. July PPI year over year fell to 4.7%, far below June’s 5.5%. Core PPI also came in line with expectations. The market priced in a higher probability—around 63%—that the Federal Reserve will hold steady in September. U.S. Treasury yields dropped immediately, and the valuation environment for growth stocks loosened right away. Meanwhile, FactSet showed that the S&P 500’s net profit margin jumped to 16.9% in Q2, the highest level recorded since 2009. By sector, memory chips surged across the board: SanDisk (SNDK) rocketed up 13.68% in a single night, Western Digital (WDC) rose more than 7%, and Micron (MU) climbed more than 5%. Super Micro Computer (SMCI) also jumped more than 7% after its earnings guidance came in far above expectations. If you want to track the broader market with one click, Schwab’s SWPPX (Schwab S&P 500 Index Fund) is a classic choice among S&P 500 index funds.
In the short term 📉: The RSI has broken above 70 into overbought territory. Goldman Sachs warned that hedge funds’ total leverage is at the 93rd percentile over the past five years. August is also a seasonally weak month for fund flows. Within the 350-point trading range, the “wreckage” hasn’t been cleared yet, and a technical pullback could happen at any time. In the long term 📈: Corporate earnings are up more than 50% year over year, and early signs of AI monetization are emerging. Citigroup and JPMorgan have already raised their year-end 2026 targets to 8,100/8,000 points. One sentence—📈 is the direction, 📉 is the timing. Don’t forget that 📉 exists at the top of 📈. #标普500首破7800点创新高
$SPY
$SNDK
$WDC