Daily edition · 8 July 2026

The market at a glance

The brief for 8 July 2026. Read today’s brief

Market sentiment

History shown

47% bullish — 47% 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 57% on 2 Jul to 47% on 8 Jul; low 47% on 8 Jul, high 61% on 4 Jul.

Equities narrative sentiment, the 7 days to 8 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 (%)
2026-07-02	57
2026-07-03	53
2026-07-04	61
2026-07-05	61
2026-07-06	61
2026-07-07	61
2026-07-08	47

From 32% on 22 Jun to 47% on 8 Jul; low 11% on 24 Jun, high 63% on 1 Jul. 13 days have no reading and are left as a gap.

Equities narrative sentiment, the 30 days to 8 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
2026-07-03	53
2026-07-04	61
2026-07-05	61
2026-07-06	61
2026-07-07	61
2026-07-08	47

From 32% on 22 Jun to 47% on 8 Jul; low 11% on 24 Jun, high 63% on 1 Jul. 73 days have no reading and are left as a gap.

Equities narrative sentiment, the 90 days to 8 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
2026-07-03	53
2026-07-04	61
2026-07-05	61
2026-07-06	61
2026-07-07	61
2026-07-08	47

From 32% on 2 Jul to 71% on 8 Jul; low 32% on 2 Jul, high 71% on 8 Jul.

Crypto narrative sentiment, the 7 days to 8 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 (%)
2026-07-02	32
2026-07-03	40
2026-07-04	48
2026-07-05	56
2026-07-06	61
2026-07-07	65
2026-07-08	71

From 70% on 21 Jun to 71% on 8 Jul; low 27% on 30 Jun, high 71% on 8 Jul. 12 days have no reading and are left as a gap.

Crypto narrative sentiment, the 30 days to 8 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
2026-07-03	40
2026-07-04	48
2026-07-05	56
2026-07-06	61
2026-07-07	65
2026-07-08	71

From 70% on 21 Jun to 71% on 8 Jul; low 27% on 30 Jun, high 71% on 8 Jul. 72 days have no reading and are left as a gap.

Crypto narrative sentiment, the 90 days to 8 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
2026-07-03	40
2026-07-04	48
2026-07-05	56
2026-07-06	61
2026-07-07	65
2026-07-08	71

From 10% on 2 Jul to 53% on 8 Jul; low 10% on 2 Jul, high 53% on 8 Jul.

Bonds narrative sentiment, the 7 days to 8 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 (%)
2026-07-02	10
2026-07-03	23
2026-07-04	39
2026-07-05	40
2026-07-06	41
2026-07-07	46
2026-07-08	53

From 5% on 22 Jun to 53% on 8 Jul; low 3% on 23 Jun, high 53% on 8 Jul. 13 days have no reading and are left as a gap.

Bonds narrative sentiment, the 30 days to 8 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	5
2026-06-23	3
2026-06-24	7
2026-06-25	9
2026-06-26	10
2026-06-27	9
2026-06-28	14
2026-06-29	12
2026-06-30	17
2026-07-01	14
2026-07-02	10
2026-07-03	23
2026-07-04	39
2026-07-05	40
2026-07-06	41
2026-07-07	46
2026-07-08	53

From 5% on 22 Jun to 53% on 8 Jul; low 3% on 23 Jun, high 53% on 8 Jul. 73 days have no reading and are left as a gap.

Bonds narrative sentiment, the 90 days to 8 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	5
2026-06-23	3
2026-06-24	7
2026-06-25	9
2026-06-26	10
2026-06-27	9
2026-06-28	14
2026-06-29	12
2026-06-30	17
2026-07-01	14
2026-07-02	10
2026-07-03	23
2026-07-04	39
2026-07-05	40
2026-07-06	41
2026-07-07	46
2026-07-08	53

From 22% on 2 Jul to 51% on 8 Jul; low 22% on 2 Jul, high 51% on 8 Jul.

Metals narrative sentiment, the 7 days to 8 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 (%)
2026-07-02	22
2026-07-03	32
2026-07-04	43
2026-07-05	41
2026-07-06	44
2026-07-07	47
2026-07-08	51

From 5% on 22 Jun to 51% on 8 Jul; low 5% on 22 Jun, high 51% on 8 Jul. 13 days have no reading and are left as a gap.

Metals narrative sentiment, the 30 days to 8 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	5
2026-06-23	48
2026-06-24	32
2026-06-25	27
2026-06-26	26
2026-06-27	27
2026-06-28	29
2026-06-29	29
2026-06-30	21
2026-07-01	21
2026-07-02	22
2026-07-03	32
2026-07-04	43
2026-07-05	41
2026-07-06	44
2026-07-07	47
2026-07-08	51

From 5% on 22 Jun to 51% on 8 Jul; low 5% on 22 Jun, high 51% on 8 Jul. 73 days have no reading and are left as a gap.

Metals narrative sentiment, the 90 days to 8 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	5
2026-06-23	48
2026-06-24	32
2026-06-25	27
2026-06-26	26
2026-06-27	27
2026-06-28	29
2026-06-29	29
2026-06-30	21
2026-07-01	21
2026-07-02	22
2026-07-03	32
2026-07-04	43
2026-07-05	41
2026-07-06	44
2026-07-07	47
2026-07-08	51

How this is measured

What moved markets on 8 July?

No commentary was saved for this edition.

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

Selected asset readings · 8 July

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

Swipe to see the selected assets

Equities · NDX

Nasdaq 100

Narrative sentiment

37% bullish

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

Bullish share down 17 points since 7 Jul

Equities · SPX

S&P 500

Narrative sentiment

55% bullish

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

Bullish share down 12 points since 7 Jul

Bonds · US10Y

US 10-Year Bond

Narrative sentiment

53% bullish

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

Bullish share up 7 points since 7 Jul

Bullish means the bond’s price higher (yields lower).

Crypto · BTC

Bitcoin

Narrative sentiment

69% bullish

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

Bullish share up 7 points since 7 Jul

Equities · DJI

Dow Jones

Narrative sentiment

67% bullish

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

Bullish share down 7 points since 7 Jul

Commodities · GOLD

Gold

Narrative sentiment

52% bullish

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

Bullish share up 7 points since 7 Jul

Crypto · ETH

Ethereum

Narrative sentiment

67% bullish

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

Bullish share up 3 points since 7 Jul

Equities · NVDA

NVIDIA

Narrative sentiment

38% bullish

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

Bullish share down 1 point since 7 Jul

Commodities · SILVER

Silver

Narrative sentiment

50% bullish

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

Bullish share up 1 point since 7 Jul

1 of 9

Narratives gaining or losing attention

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

Scroll sideways or use the arrows

Accelerating

Google Cloud Emerging Market Expansion

Google · Bullish

The argument: Google's cloud region and digital initiatives will generate substantial economic output and job creation, supporting broader technology sector growth

Attention: 0% → 25.2% of Google coverage in the 3 days to 8 Jul, vs the 3 days before.

Read the narrative: Google Cloud Emerging Market Expansion

Emerging

Dow 53K All-Time High

Dow Jones · Bullish

The argument: The Dow Jones is breaking to new all-time highs, signaling strength in large-cap equities

Attention: 0% → 24.3% of Dow Jones coverage in the 3 days to 8 Jul, vs the 3 days before.

Read the narrative: Dow 53K All-Time High

Fading

Silver Industrial Demand Price Support

Silver · Bullish

The argument: Silver prices may remain elevated due to industrial demand even as the global economy recovers.

Attention: 34.4% → 10.2% of Silver coverage in the 3 days to 8 Jul, vs the 3 days before.

Read the narrative: Silver Industrial Demand Price Support

Accelerating

Silver Price Decline Macro Headwinds

Silver · Bearish

The argument: Silver prices are also experiencing a decline, reflecting broader market trends.

Attention: 8.9% → 30.5% of Silver coverage in the 3 days to 8 Jul, vs the 3 days before.

Read the narrative: Silver Price Decline Macro Headwinds

Accelerating

Small-Cap Democratic Spending Rotation

Russell 2000 · Bullish

The argument: Small-cap stocks are benefiting from expectations of increased public spending under a Democratic-led Congress.

Attention: 0% → 21.2% of Russell 2000 coverage in the 3 days to 8 Jul, vs the 3 days before.

Read the narrative: Small-Cap Democratic Spending Rotation

1 of 5

What to watch for

Treasury yields rose 3.6% while dovish jobs narratives surged across equities—one of these reads on Fed policy must be wrong. The next inflation data or Fed statement will force a resolution and reprice gold, crypto, and rate-sensitive stocks all at once.

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