Post #15876

71 Days of Chop: S&P 500 Stays Rangebound The S&P 500 has traded choppy for 71 days, with no clear directional conviction. Until price breaks the range, this remains a market that has not fully committed either way. U.S. equities were mixed as markets digested Nvidia earnings and what they mean for the broader AI-driven rally. The S&P 500 was flat, the Nasdaq 100 fell 0.4%, and the Dow rose 0.5%. Even though Nvidia beat on earnings and revenue, the stock still fell, which shows how much scrutiny is building around the tech sector. Markets are becoming more skeptical that AI capex growth can keep exceeding expectations, and that is making it harder for strong results alone to push the sector higher. Outside of tech, software names also remain under pressure as AI automation raises disruption concerns, while energy stocks softened as U.S.-Iran nuclear talks added uncertainty around sanctions and oil flows. For now, EdgeFinder remains neutral—plenty of movement, but no clear edge. - Alan