Report published July 22, 2026
Up & Adam: Market Breadth and Sector Opportunities – July 22, 2026
Raymond James · July 22, 2026
The report highlights persistent market opportunities despite S&P 500 highs and analyzes the impact of AI infrastructure spending, geopolitical risks in the Red Sea, and Taiwan's export growth.
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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 the S&P 500 being near all-time highs, individual stock valuations remain attractive with the average stock ~17% below 52-week highs.
- 2.Taiwan's record export growth in June, driven by IT hardware and electronics, signals continued strength in the global AI capex cycle.
- 3.The recent USD rally may be near-term stretched due to the currency's correlation with oil prices and expectations of a Fed rate hike that the firm does not share.
Table of Contents
- Previous Close
- Futures
- Today's Events
- With The S&P 500 Near An All-Time High, A Look Beneath The Surface Points To Plentiful Opportunities
- Earnings From A Wide Range Of Blue Chips Will Provide Insights After Market Close Today
- As Houthis Threaten Red Sea Shipping, What Does It Mean For Oil Supply?
- Global AI Boom Propels Taiwan's Exports—A Case Study Of Tailwinds For Asia's Emerging Markets
- Alongside Bond Yields, The USD Approaches Recent Highs—But The Rally May Be Stretched Near-Term
- Sector Performance
- Chart of the Day: Dollar Regains Ground
Report data
Sector Performance — as of July 21, 2026.
| Metric | Estimate | Context |
|---|---|---|
| Taiwan Export Orders YoY | 59% | Driven by AI growth. |
Reports in this series
Up & Adam is shown in chronological order through this edition, published on July 22, 2026.
Part of the Up & Adam series — view all 19 editions
Looking for the latest edition? Up and Adam (Jul 23, 2026)
- Jun 22Up and Adam
- Jun 29Up and Adam
- Jul 13Up and Adam
- Jul 21Up and Adam
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