Report published June 29, 2026
Up And Adam: Market Outlook and Sector Rotation Analysis (June 29, 2026)
Raymond James · June 29, 2026
This report analyzes the recent S&P 500 decline, attributing it to sector rotation rather than a bearish trend, while noting increased defense spending and persistent crypto volatility.
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Finvaulta summarizes Raymond James's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.Despite a five-day losing streak for the S&P 500, historical data suggests positive performance in the subsequent three months, with the current weakness attributed to healthy sector rotation.
- 2.Broadening market gains toward value-centric sectors is ongoing, with Health Care and Industrials leading as growth sectors face a June correction.
- 3.European defense spending is projected to grow to 3.5% of GDP by 2035 due to regional security concerns, supporting a favorable outlook for the Industrials sector.
Table of Contents
- Previous Close
- Futures
- Today's Events
- A Full Slate Of Data Awaits in a Holiday-Shortened Week
- S&P 500 Declines For Five Consecutive Trading Days—What Does History Suggest About The Path Ahead?
- Amid June's Sector Rotation, Value Is Outpacing Growth
- NATO's Eastern Flank Prepares For A Threat From Russia—A Reminder Of Why Defense Spending Is Vital
- As Cryptocurrency Selloff Continues, It's A Case Study Of How Volatile Sentiment Can Be
- Sector Performance
- Chart of the Day: (Bit)Coin Tossed
Report data
Sector Performance
| Metric | Estimate | Context |
|---|---|---|
| S&P 500 MTD Performance | -3.0% | Monthly-to-date performance |
| Bitcoin YTD Performance | -32% | Year-to-date performance |
Reports in this series
Up And Adam is shown in chronological order through this edition, published on June 29, 2026.
Part of the Up And Adam series — view all 19 editions
Looking for the latest edition? Up and Adam (Jul 23, 2026)
- Jun 8Up and Adam
- Jun 9Up and Adam
- Jun 16Up and Adam
- Jun 22Up and Adam
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