Daily edition · 12 July 2026

The market at a glance

The brief for 12 July 2026. Read today’s brief

Market sentiment

History shown

56% bullish — 56% 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 61% on 6 Jul to 56% on 12 Jul; low 47% on 8 Jul, high 61% on 6 Jul.

Equities narrative sentiment, the 7 days to 12 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 (%)
2026-07-06	61
2026-07-07	61
2026-07-08	47
2026-07-09	47
2026-07-10	55
2026-07-11	56
2026-07-12	56

From 32% on 22 Jun to 56% on 12 Jul; low 11% on 24 Jun, high 63% on 1 Jul. 9 days have no reading and are left as a gap.

Equities narrative sentiment, the 30 days to 12 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
2026-07-09	47
2026-07-10	55
2026-07-11	56
2026-07-12	56

From 32% on 22 Jun to 56% on 12 Jul; low 11% on 24 Jun, high 63% on 1 Jul. 69 days have no reading and are left as a gap.

Equities narrative sentiment, the 90 days to 12 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
2026-07-09	47
2026-07-10	55
2026-07-11	56
2026-07-12	56

From 57% on 6 Jul to 64% on 12 Jul; low 57% on 6 Jul, high 72% on 9 Jul.

Crypto narrative sentiment, the 7 days to 12 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 (%)
2026-07-06	57
2026-07-07	62
2026-07-08	68
2026-07-09	72
2026-07-10	68
2026-07-11	64
2026-07-12	64

From 70% on 21 Jun to 64% on 12 Jul; low 22% on 1 Jul, high 72% on 9 Jul. 8 days have no reading and are left as a gap.

Crypto narrative sentiment, the 30 days to 12 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	64
2026-06-24	53
2026-06-25	44
2026-06-26	38
2026-06-27	36
2026-06-28	31
2026-06-29	29
2026-06-30	24
2026-07-01	22
2026-07-02	27
2026-07-03	36
2026-07-04	44
2026-07-05	52
2026-07-06	57
2026-07-07	62
2026-07-08	68
2026-07-09	72
2026-07-10	68
2026-07-11	64
2026-07-12	64

From 70% on 21 Jun to 64% on 12 Jul; low 22% on 1 Jul, high 72% on 9 Jul. 68 days have no reading and are left as a gap.

Crypto narrative sentiment, the 90 days to 12 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	64
2026-06-24	53
2026-06-25	44
2026-06-26	38
2026-06-27	36
2026-06-28	31
2026-06-29	29
2026-06-30	24
2026-07-01	22
2026-07-02	27
2026-07-03	36
2026-07-04	44
2026-07-05	52
2026-07-06	57
2026-07-07	62
2026-07-08	68
2026-07-09	72
2026-07-10	68
2026-07-11	64
2026-07-12	64

From 41% on 6 Jul to 29% on 12 Jul; low 29% on 12 Jul, high 61% on 9 Jul.

Bonds narrative sentiment, the 7 days to 12 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 (%)
2026-07-06	41
2026-07-07	46
2026-07-08	53
2026-07-09	61
2026-07-10	51
2026-07-11	34
2026-07-12	29

From 5% on 22 Jun to 29% on 12 Jul; low 3% on 23 Jun, high 61% on 9 Jul. 9 days have no reading and are left as a gap.

Bonds narrative sentiment, the 30 days to 12 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
2026-07-09	61
2026-07-10	51
2026-07-11	34
2026-07-12	29

From 5% on 22 Jun to 29% on 12 Jul; low 3% on 23 Jun, high 61% on 9 Jul. 69 days have no reading and are left as a gap.

Bonds narrative sentiment, the 90 days to 12 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
2026-07-09	61
2026-07-10	51
2026-07-11	34
2026-07-12	29

No observations in the 7 days shown.

Metals narrative sentiment, the 7 days to 12 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 12 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 12 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 12 July?

No commentary was saved for this edition.

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

Selected asset readings · 12 July

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

Swipe to see the selected assets

Bonds · US10Y

US 10-Year Bond

Narrative sentiment

29% bullish

Of articles taking a side · 7 days to 11 July 2026

Bullish share down 5 points since 11 Jul

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

Crypto · ETH

Ethereum

Narrative sentiment

68% bullish

Of articles taking a side · 7 days to 11 July 2026

Bullish share up 5 points since 11 Jul

Crypto · BTC

Bitcoin

Narrative sentiment

62% bullish

Of articles taking a side · 7 days to 11 July 2026

Bullish share down 3 points since 11 Jul

Equities · SPX

S&P 500

Narrative sentiment

54% bullish

Of articles taking a side · 7 days to 11 July 2026

Bullish share down 2 points since 11 Jul

Equities · NDX

Nasdaq 100

Narrative sentiment

58% bullish

Of articles taking a side · 7 days to 11 July 2026

Bullish share up 1 point since 11 Jul

1 of 5

Narratives gaining or losing attention

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

Scroll sideways or use the arrows

Fading

Iran Geopolitical Risk Equity Impact

S&P 500 · Bearish

The argument: Geopolitical risks, particularly regarding Iran, are bearish for stock prices.

Attention: 18% → 1.5% of S&P 500 coverage in the 3 days to 12 Jul, vs the 3 days before.

Read the narrative: Iran Geopolitical Risk Equity Impact

Accelerating

Oil-Driven Inflation Treasury Yield Pressure

US 10-Year Bond · Bearish

The argument: Concerns about higher Treasury yields are causing market uncertainty regarding inflation.

Attention: 5.5% → 17.4% of US 10-Year Bond coverage in the 3 days to 12 Jul, vs the 3 days before.

Read the narrative: Oil-Driven Inflation Treasury Yield Pressure

Accelerating

Iran War Energy Inflation Spike

US 10-Year Bond · Bearish

The argument: The energy price spike triggered by the Iran war is causing interest rates to climb, worsening affordability pressures and hampering economic growth.

Attention: 0% → 8.7% of US 10-Year Bond coverage in the 3 days to 12 Jul, vs the 3 days before.

Read the narrative: Iran War Energy Inflation Spike

Accelerating

Big Tech Driving SPX Records

S&P 500 · Bullish

The argument: The strong performances of major tech stocks are driving the S&P 500 index higher.

Attention: 1.8% → 7.8% of S&P 500 coverage in the 3 days to 12 Jul, vs the 3 days before.

Read the narrative: Big Tech Driving SPX Records

Accelerating

Semiconductor Stocks Broad-Based Rally

Nasdaq 100 · Bullish

The argument: Strength in semiconductor stocks is a bullish factor for the overall market.

Attention: 1.1% → 7.6% of Nasdaq 100 coverage in the 3 days to 12 Jul, vs the 3 days before.

Read the narrative: Semiconductor Stocks Broad-Based Rally

1 of 5

What to watch for

U.S.-Iran tensions could swing sentiment sharply across traditional and crypto markets.

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