Trader Talk Has the S&P 500 peaked or is the next bull run just beginning
Oct 15, 2025
Mark Newton, Managing Director and Global Head of Technical Strategy at Fundstrat, is a veteran market technician focused on price action and sentiment. He contrasts equal-weight vs cap-weighted S&P signals. He flags seasonal patterns and momentum indicators that could spark a short pullback. He discusses breadth, MAG7 concentration, AI leadership, and how oil trends could reshape inflation worries.
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Episode notes
Markets Ignore Political Theater
- Market participants often ignore political noise because fundamentals and liquidity drive returns.
- Kenny Polcari says shutdowns historically don’t dent profits or consumer demand significantly.
Seasonality And Decennial Tailwinds
- Seasonality, decennial cycles, and leadership changes can tilt returns in post-election periods.
- Mark Newton points out these structural patterns can make certain year segments more resilient.
Equal-Weight Shows Broader Strength
- Equal-weight S&P shows broader market health by removing mega-cap dominance.
- Mark Newton says equal-weight breakout indicates more sectors are participating beyond tech.