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Hey, it’s Ross Givens here with the Chart of the Day. Yesterday, I showed how most second-quarter earnings are still beating estimates. Today’s chart reveals that analysts have only trimmed their Q3 earnings estimates by an average of 1.8%—right in line with the past decade. This reinforces what I’ve been saying: recession fears are overblown.

Hey, it’s Ross Givens here with the Chart of the Day. With all the market noise, it’s easy to forget we’re right in the middle of earnings season. But as today’s “scorecard” shows, company earnings remain solid. As of last Friday, 75% of S&P 500 companies have reported Q2 results, with 78% beating estimates—right in line with historical averages. These aren’t “great” results, but they’re solid. Remember, long-term earnings shape stock valuations, and understanding these foundations opens up shorter-term profit opportunities. I explain more in the Insight of the Day.

Hey, it’s Ross Givens here with the Chart of the Day. Today’s chart shows the number of stocks hitting new 52-week lows. The 2022 bear market is captured in the first rectangle on the left, while the current selloff is in the smaller rectangle on the right. There’s still a huge gap between then and now. Yes, there was a substantial spike recently, but it has come down significantly. Does this mean the selloff is over? Not necessarily. But amid all the fear, it’s crucial to maintain perspective. Without it, you’ll miss the opportunities still out there. I explain more in the Insight of the Day.

Hey, it’s Ross Givens here with the Chart of the Day. Today’s chart shows the number of people who reported not being able to work in July due to the weather, dating back to 1976. This year, nearly half a million people couldn’t work last month because of the weather. Hurricane Beryl alone knocked out power to nearly 3 million in Houston, with many still reeling. This suggests recession fears may be overblown. While negative momentum might not stop immediately, this insight helps us position ourselves wisely. I explain more in the Insight of the Day.

Hey, it’s Ross Givens here with the Chart of the Day. Volatility spiked on Friday and again today, reaching its highest level since the Covid Crash of 2020. Recession fears are back, causing the S&P 500 to close lower for three consecutive weeks and the Nasdaq to enter correction territory, down over 10% from its recent high. But let’s put things in perspective: the S&P 500 is back at early June levels, and the Nasdaq is at late May levels. This drop is minor compared to the bull market that began in October 2022. There are always opportunities in the market, which I explain in the Insight of the Day.

Hey, it’s Ross Givens here with the Chart of the Day. Today’s chart shows how the S&P 500 has moved on “Fed days” since March 2022. Yesterday’s market movement was par for the course. The tech-heavy Nasdaq jumped nearly 3%, as expected. But even though the Fed’s message seems “clear,” most traders are forgetting one critical thing right now. I explain in the Insight of the Day.

Hey, it’s Ross Givens here with the Chart of the Day. Today’s chart shows how the S&P 500 has moved on “Fed days” since March 2022. Yesterday’s market movement was par for the course. The tech-heavy Nasdaq jumped nearly 3%, as expected. But even though the Fed’s message seems “clear,” most traders are forgetting one critical thing right now. I explain in the Insight of the Day.

Hey, it’s Ross Givens here with the Chart of the Day. Today’s year-to-date chart compares the Nasdaq 100 with the small-cap Russell 2000. Large-cap tech stocks have pulled back dramatically, erasing almost half their gains this year. Meanwhile, the lagging Russell 2000 has accelerated and overtaken them. And this seems to be only the beginning. Are you ready for the new market leaders?

Hey, it’s Ross Givens here with the Chart of the Day. The top part of today’s chart shows the Nasdaq, while the bottom part highlights stocks making new highs (green bars) versus new lows (red bars). The first white rectangle marks the April pullback, where the Nasdaq fell 7% and new lows dominated. Now, in the second white rectangle, the Nasdaq has dropped more than 7%, but new highs outnumber new lows. There’s still strength lurking beneath the surface. With Powell speaking tomorrow, this is an opportunity we can exploit. I explain more in the Insight of the Day.

Hey, it’s Ross Givens here with the Chart of the Day. Today’s chart shows how the small-cap Russell 2000 index has been performing relative to the large-cap S&P 500 for the past three years. The steady decline in the chart shows that small-caps have been lagging their large-cap counterparts for years. But the current rotation appears to have reversed that trend. In fact, this rotation seems to have broken past the declining trend line, suggesting it will likely continue. There are no guarantees, but the odds are in our favor. This is an opportunity we shouldn’t miss. I explain more in the Insight of the Day.