Market Notebook

by Cory Haupt | Aug 10, 2025

PRICE ACTION:
Equity prices, as measured by the ticker SPY, closed higher while bond prices, as measured by the ticker BND, closed lower over the last week.

SPY +2.49%
BND -0.23%

TECHNICAL ANALYSIS:
SPY price appears to be trending upwards.

The coming week’s price action in ticker BND will likely result in a test of support. Old resistance becomes new support. If support holds, BND could be considered in an upward trend.

SENTIMENT:
Last week’s price action appeared driven by solid corporate earnings. Market participants were viewing the glass as half full.

Sentiment in the crypto space suggests cryptocurrencies are becoming mainstream investments. Of particular note are Bitcoin and Ethereum.

ECONOMY AND FUNDAMENTALS:
Economic fundamentals remain positive, with data suggesting the U.S. economy remains resilient in the face of geopolitical and trade-related turbulence.

Action on tariffs remains a driver of volatility.

All the best during the week ahead!

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Disclaimer: Nothing in this discussion should be considered investment advice. The content of this discussion is strictly my personal opinion and subject to change at a moment’s notice. Investment advice can only be provided to you by your investment professional and not by a general market discussion such as this one. If you wish to speak with an investment advisor, contact us. We can probably help.

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