$Microsoft(MSFT)$ The stock keeps drifting back to this level on low volume again. This is the only company in the mag 7 that's still making real money hand over fist. What do you call a winding road... Amen.
📌 Weekly Wrap In Summary 🐯 Key Takeaways 📈 S&P 500 posts third consecutive weekly gain, breaches 7,800 for the first time. Earnings beats + cooling rate-hike expectations provide dual support. 🏦 $JPMorgan Chase(JPM)$ market cap nears $1 trillion, Wells Fargo raises target to $390, on track to become the world's first trillion-dollar bank. Sector rotation accelerates: Energy re-enters top 5 (+7.57%), tech cedes ground — bull market enters broadening phase. Consumer data is the biggest concern — July retail sales -0.6% MoM, consumer sentiment reverses. 💰 Tepper adds "Magnificent 7", trims memory stocks in Q2, but re-bought on the dip — top funds still bullish on AI. 🔭 Next week's focus: Jackson Hole Powell speech (8/21) is the key