Markets

Here's a detailed outlook for the market heading into 2026, characterized by high earnings expectations, elevated valuations, and a shift in market leadership. * S&P 500 Price Targets and Expected Returns: Wall Street strategists have set year-end 2026 price targets for the S&P 500 ranging

QQQ remains below key resistance levels at 627 and 637, despite holding near its EMA5 (~620.9) and EMA9 (~619.1). The price has hovered around these short‑term moving averages for three sessions, suggesting a consolidation phase. EMA20 (~617.5) is now below price, reinforcing a near‑term bullish

US jobless claims fell to their lowest level in nearly a year, beating expectations, while continuing claims edged higher. The data suggests a labor market that's holding steady with modest hiring and firing activity. * Initial jobless claims dropped by 10,000 to 214,000 for the week ending

Short-term (1 week): Bullish. VIX at 14.91 signals low stress; QQQ reclaimed EMAs and posted a clean rebound after midweek dip, while sector breadth improved and tech rallied. Support near 600.40 (QQQ) and 6714 (SPX) looks firm for a continued drift higher into year-end. Longer-term (1+ month): Moderately