Weekly Market Guide

Finvaulta tracks 4 editions of Weekly Market Guide from Raymond James Investment Management, published between May 10, 2026 and August 26, 2026. Each edition is summarized on its own page.

Latest edition · August 26, 2026

weekly market guide

Equity markets continue to advance as participation broadens into small caps, emerging markets, and equal-weighted indices despite rising term premiums and consolidation in mega-cap AI technology. Resilient earnings and technical support levels keep Raymond James's upward bias intact.

Raymond James Portfolio Strategy maintains an overall constructive risk-on stance on equities, citing resilient economic growth, robust corporate earnings, and broadening market participation that has lifted small caps, emerging markets, and the equal-weight S&P 500. While rising Treasury yields—driven by normalizing term premiums rather than inflation—and widening credit spreads in tech have prompted consolidation in mega-cap AI leaders, earnings fundamentals have remained intact. Technical indicators across small-caps, materials, and consumer discretionary vs. staples ratios continue to support upside, with key S&P 500 support identified at 7,621 and 7,427.

Read the latest edition in full

Key takeaways from the latest edition

  • 1.Equity market breadth has broadened beyond mega-cap tech, with small caps and emerging markets up over 20% YTD and the equal-weight S&P 500 up more than 15% YTD.
  • 2.Long-term Treasury yield increases are being driven by a normalization in term premiums rather than rising inflation expectations, creating a valuation headwind for long-duration growth assets.
  • 3.Technology and semiconductor stocks are consolidating at key inflection points, while tech credit spreads show signs of stress amid concerns over AI infrastructure financing packages.

What this series covers

  • Weekly Market Guide
  • Upcoming Catalysts:
  • Consolidation Following Breakout
  • Rising Rates as Term Premiums Normalize
  • Technology: A Pause to Refresh?
  • Credit Spreads
  • Semiconductors
  • Risk-on Bias
  • Small-Caps
  • Materials
  • IMPORTANT INVESTOR DISCLOSURES

Edition archive

Series at a glance

Editions tracked
4
First edition
May 10, 2026
Latest edition
August 26, 2026
All Raymond James Investment Management research

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