Security
NDX Equity Research Hub
Finvaulta tracks 167 research reports on NDX, updated through September 1, 2026. Latest: “Up & Adam”.
Current research on the NDX highlights a period of extreme momentum and overextended technicals, with the index exhibiting elevated RSI levels amidst a self-reinforcing technology 'melt-up.' While Q1 earnings in the AI and semiconductor sectors were robust, market leadership remains precariously narrow, with hedge fund positioning in TMT and Information Technology reaching the 93rd percentile. This crowding, combined with record-high retail participation in semiconductors, has created significant 'flow fragility' and heightened the risk of systematic sell pressure from CTAs if momentum stalls. Furthermore, rising real yields, with the US 10-year trending toward 5%, are increasingly pressuring the Momentum factor and its associated high multiples. Institutional analysts also point to a supply-side challenge involving massive AI-related issuance and government deficits that could further strain liquidity. Consequently, the narrative is shifting from AI-centric optimism toward a potential multi-month correction as technical supports and gamma floors are actively tested.
Featured reports
Up & Adam
Raymond James highlights fading momentum in small-cap equities relative to large caps alongside rising 10-year Treasury yields reaching 4.75% driven by elevated oil prices. Geopolitically, US-Iran airstrikes keep attention on Strait of Hormuz shipping disruptions, while rising allied defense spending supports the Industrials sector.
Sideways At Modestly Overweight
Aggregate equity positioning edged up slightly to remain modestly overweight at 0.30sd (62nd percentile), supported by systematic strategies while discretionary positioning remains neutral. US equity funds registered their first outflows in five weeks (-$4.4bn) despite robust inflows into Tech ($4.6bn) and global funds.
US Market Intelligence Morning Briefing
J.P. Morgan's daily briefing maintains a tactically bullish outlook for US markets, supported by a positive signal from their proprietary Tactical Positioning Monitor. Despite macro and geopolitical risks, the firm dismisses comparisons to the 2008 financial crisis due to healthy consumer and corporate balance sheets.
US Equities Color On The Week
Risk-off sentiment prevailed this week as tech stocks faced pressure despite strong earnings results. Hedge funds increased exposure to Energy while reducing positions in Consumer Discretionary and Staples.
Global Index Volatility Chartbook
This report provides an in-depth analysis of global equity index volatility, highlighting current dislocations using metrics like implied volatility, skew, and forward volatility.
Weekend Prep
Investors are aggressively de-risking portfolios, particularly within the technology and Magnificent 7 sectors, amid record-high stock dispersion and concerns over hyperscaler capex spending.
US Equities Mid-Day Color
US equities are recovering from intraday lows despite rising 10-year yields and significant momentum factor volatility. Desk activity is moderate with a slight sell skew, particularly from long-only investors in tech and healthcare.
Nasdaq 100 Index Commentary April 2026
The Nasdaq-100 Index outperformed the S&P 500 by over 5% in April 2026, driven by strong technology sector earnings and reduced geopolitical tensions. Volatility fell sharply as AI-related semiconductor stocks, particularly Intel, reached historic highs.
US Market Intelligence Morning Briefing
US Market Intelligence Morning Briefing
US Market Intelligence: Morning Briefing
All reports
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US Market Intelligence Morning Briefing
J.P. Morgan · Sep 4, 2026
US Market Intelligence Morning Briefing
JPMorgan Chase · Sep 3, 2026
US Market Intelligence: Morning Briefing
J.P. Morgan · Sep 2, 2026
Up & Adam
Raymond James · Sep 1, 2026
US Market Intelligence: Morning Briefing
J.P. Morgan · Sep 1, 2026
Global Market Intelligence: August 2026 Recap
J.P. Morgan · Sep 1, 2026
US Market Intelligence: Morning Briefing
J.P. Morgan · Aug 31, 2026
Systematic Flows Monitor: Stretched Treasury Shorts and Elevated Equity Longs Drive CTA Gains
Bank of America · Aug 28, 2026
Up & Adam
Raymond James · Aug 28, 2026
Sideways At Modestly Overweight
Deutsche Bank · Aug 28, 2026
Markets Look to Jackson Hole
UBS · Aug 28, 2026
Global Market Outlook: It's All About the Yield
Standard Chartered · Aug 28, 2026
Global Market Outlook: It's All About the Yield
Standard Chartered · Aug 28, 2026
US Market Intelligence: Morning Briefing
J.P. Morgan · Aug 28, 2026
AI Fundamentals Remain Intact Despite Tech Volatility
UBS · Aug 27, 2026
AI Fundamentals Remain Intact Despite Tech Volatility
UBS · Aug 26, 2026
Up & Adam
Raymond James · Aug 26, 2026
Up & Adam
Raymond James · Aug 25, 2026
Stocks Should Stay Supported Despite a Potential Pickup in Volatility
UBS · Aug 17, 2026
Technical Views: Equity Indices
Pictet · Aug 17, 2026
Up and Adam
Raymond James · Aug 17, 2026
US Market Intelligence Morning Briefing
J.P. Morgan · Aug 14, 2026
IR Kick Start: Europe Edges Higher, US CPI, Q2 Earnings - What Have We Learnt from the US Earnings
Goldman Sachs · Aug 14, 2026
Equity Index Vol Update
Goldman Sachs · Aug 13, 2026
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