Daily edition · 2 July 2026

The market at a glance

The brief for 2 July 2026. Read today’s brief

Market sentiment

History shown

57% bullish — 57% of the articles that took a side on S&P 500 and Nasdaq 100 argued equities higher this week.

Of articles taking a side · Past 7 days

S&P 500 · Nasdaq 100

From 36% on 26 Jun to 57% on 2 Jul; low 32% on 27 Jun, high 63% on 1 Jul.

Equities narrative sentiment, the 7 days to 2 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)
2026-06-26	36
2026-06-27	32
2026-06-28	35
2026-06-29	34
2026-06-30	46
2026-07-01	63
2026-07-02	57

From 32% on 22 Jun to 57% on 2 Jul; low 11% on 24 Jun, high 63% on 1 Jul. 19 days have no reading and are left as a gap.

Equities narrative sentiment, the 30 days to 2 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)
2026-06-22	32
2026-06-23	20
2026-06-24	11
2026-06-25	27
2026-06-26	36
2026-06-27	32
2026-06-28	35
2026-06-29	34
2026-06-30	46
2026-07-01	63
2026-07-02	57

From 32% on 22 Jun to 57% on 2 Jul; low 11% on 24 Jun, high 63% on 1 Jul. 79 days have no reading and are left as a gap.

Equities narrative sentiment, the 90 days to 2 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)
2026-06-22	32
2026-06-23	20
2026-06-24	11
2026-06-25	27
2026-06-26	36
2026-06-27	32
2026-06-28	35
2026-06-29	34
2026-06-30	46
2026-07-01	63
2026-07-02	57

From 42% on 26 Jun to 32% on 2 Jul; low 27% on 30 Jun, high 42% on 26 Jun.

Crypto narrative sentiment, the 7 days to 2 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)
2026-06-26	42
2026-06-27	41
2026-06-28	36
2026-06-29	34
2026-06-30	27
2026-07-01	27
2026-07-02	32

From 70% on 21 Jun to 32% on 2 Jul; low 27% on 30 Jun, high 70% on 21 Jun. 18 days have no reading and are left as a gap.

Crypto narrative sentiment, the 30 days to 2 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)
2026-06-21	70
2026-06-22	59
2026-06-23	66
2026-06-24	56
2026-06-25	47
2026-06-26	42
2026-06-27	41
2026-06-28	36
2026-06-29	34
2026-06-30	27
2026-07-01	27
2026-07-02	32

From 70% on 21 Jun to 32% on 2 Jul; low 27% on 30 Jun, high 70% on 21 Jun. 78 days have no reading and are left as a gap.

Crypto narrative sentiment, the 90 days to 2 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)
2026-06-21	70
2026-06-22	59
2026-06-23	66
2026-06-24	56
2026-06-25	47
2026-06-26	42
2026-06-27	41
2026-06-28	36
2026-06-29	34
2026-06-30	27
2026-07-01	27
2026-07-02	32

No observations in the 7 days shown.

Bonds narrative sentiment, the 7 days to 2 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)

No observations in the 30 days shown.

Bonds narrative sentiment, the 30 days to 2 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)

No observations in the 90 days shown.

Bonds narrative sentiment, the 90 days to 2 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)

No observations in the 7 days shown.

Metals narrative sentiment, the 7 days to 2 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)

No observations in the 30 days shown.

Metals narrative sentiment, the 30 days to 2 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)

No observations in the 90 days shown.

Metals narrative sentiment, the 90 days to 2 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)

How this is measured

What moved markets on 2 July?

No commentary was saved for this edition.

2 July 2026 · Narrative sentiment measures published coverage, not investor opinions or price returns.

Selected asset readings · 2 July

The assets whose readings moved most in this edition. Explore the coverage around each.

Swipe to see the selected assets

Equities · DJI

Dow Jones

Narrative sentiment

71% bullish

Of articles taking a side · 7 days to 1 July 2026

Bullish share down 14 points since 1 Jul

Crypto · XRP

XRP

Narrative sentiment

52% bullish

Of articles taking a side · 7 days to 1 July 2026

Bullish share up 14 points since 1 Jul

In short

XRP's big news this week is a scary software bug that was quietly fixed — now people are debating whether the fix itself revealed a hidden flaw in how XRP is run.

Equities · NDX

Nasdaq 100

Narrative sentiment

55% bullish

Of articles taking a side · 7 days to 1 July 2026

Bullish share down 7 points since 1 Jul

Crypto · SOL

Solana

Narrative sentiment

80% bullish

Of articles taking a side · 7 days to 1 July 2026

Bullish share up 6 points since 1 Jul

Crypto · BTC

Bitcoin

Narrative sentiment

28% bullish

Of articles taking a side · 7 days to 1 July 2026

Bullish share up 5 points since 1 Jul

Crypto · ETH

Ethereum

Narrative sentiment

27% bullish

Of articles taking a side · 7 days to 1 July 2026

Bullish share up 5 points since 1 Jul

Equities · SPX

S&P 500

Narrative sentiment

59% bullish

Of articles taking a side · 7 days to 1 July 2026

Bullish share down 4 points since 1 Jul

1 of 7

Narratives gaining or losing attention

The narratives whose share of coverage changed most in this edition.

Scroll sideways or use the arrows

Accelerating

AI Chip Stock Selloff Pressure

Nasdaq 100 · Bearish

The argument: Weakness in AI-infrastructure stocks and chip makers is dragging the broader market lower and weighing on market sentiment.

Attention: 0% → 11.2% of Nasdaq 100 coverage in the 3 days to 2 Jul, vs the 3 days before.

Read the narrative: AI Chip Stock Selloff Pressure

Accelerating

AI Valuation Bubble Reversal Risk

Nasdaq 100 · Bearish

The argument: AI-driven stock valuations are vulnerable to sharp reversals due to their elevated prices and outsized market influence

Attention: 0% → 9% of Nasdaq 100 coverage in the 3 days to 2 Jul, vs the 3 days before.

Read the narrative: AI Valuation Bubble Reversal Risk

Accelerating

Strong Earnings Driving SPX Rally

S&P 500 · Bullish

The argument: Better-than-expected earnings reports are driving stock market gains.

Attention: 0% → 7.2% of S&P 500 coverage in the 3 days to 2 Jul, vs the 3 days before.

Read the narrative: Strong Earnings Driving SPX Rally

Accelerating

Rising Bond Yields Pressure Stocks

S&P 500 · Bearish

The argument: Rising bond yields are currently pressuring the stock market.

Attention: 0% → 6.9% of S&P 500 coverage in the 3 days to 2 Jul, vs the 3 days before.

Read the narrative: Rising Bond Yields Pressure Stocks

Accelerating

Bitcoin ETF Outflow Pressure

Bitcoin · Bearish

The argument: ETF outflows are weakening Bitcoin's spot market demand, contributing to its inability to reclaim key resistance levels.

Attention: 0% → 6.6% of Bitcoin coverage in the 3 days to 2 Jul, vs the 3 days before.

Read the narrative: Bitcoin ETF Outflow Pressure

1 of 5

What to watch for

Watch Bitcoin ETF flows this week; if outflows accelerate beyond current levels, the story becomes a $57,500 price target that could drag down all crypto sentiment, including Solana's recent momentum.

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