FINNENCE ▪ THE WIRE FILE
THE WIRE · № 76701
Video▲ Bullish
Citi's Scott Chronert on getting the S&P 500 to 8,100: We need both parts of the market performing
KINDVideo
DIRECTION▲ Bullish
SOURCES1
ENTITIES2
STORY SIZESTANDALONE
FIRST SEEN
LAST UPDATE
STATEactive
01 THE MACHINE READ
WHY IT MATTERS.
A strategist's 8,100 S&P target hinges on broad market participation, framing earnings-season expectations.
S&P upside requires broader market participation
CATALYST TO WATCH
Earnings season breadth and results
MAIN RISK
Narrow leadership stalls the rally
FULL DISPATCH
Scott Chronert, head of U.S. equity strategy at Citi Research, Matt Stucky, Northwestern Mutual senior portfolio manager, and Aya Yoshioka, Wealth Enhancement Group short what's at stake for your money as earnings season gets underway.
02 THE STORY SO FAR
THE RECORD, IN ORDER.
STANDALONE ITEM — NOT YET FOLDED INTO A DEVELOPING STORY.
03 WHO'S INVOLVED
ENTITIES ON FILE.
SUBJECTS&P 500 · ^GSPC
CONTEXTEarnings Season
04 RECEIPTS
THE SOURCE RECORD.
1 SOURCES CONFIRMED05 PROPAGATION
WHAT THIS TOUCHES.
→CORRELATIONshares ^GSPC
The US stock market has never been this fragmented: The 52-week correlation between the equal-weighted S&P 500 and the S&P 500 index is down to 0.67, its lowest level on record. This measures how closely the performance of the equal-weighted S&P 500 tracks the cap-weighted inde2026-10-12 20:59 UTC
The US stock market has never been this fragmented: The 52-week correlation between the equal-weighted S&P 500 and the S&P 500 index is down to 0.67, its lowest level on record. This measures how closely the performance of the equal-weighted S&P 500 tracks the cap-weighted inde2026-10-12 20:59 UTC
→CORRELATIONshares ^GSPC
The US bull market is entering its 5th year. Since the October 2022 low, the S&P 500 has rallied +118%, outpacing the average bull market since WWII. This is also the 3rd-largest gain among bull markets at their 4th anniversary. Over this period, the index has returned +21.6%2026-10-12 22:05 UTC
The US bull market is entering its 5th year. Since the October 2022 low, the S&P 500 has rallied +118%, outpacing the average bull market since WWII. This is also the 3rd-largest gain among bull markets at their 4th anniversary. Over this period, the index has returned +21.6%2026-10-12 22:05 UTC
→CORRELATIONshares ^GSPC
We are witnessing a historic shift. The annual spread between the S&P 500's earnings yield and the 10Y Note yield is down to -1.5 percentage points, its lowest since 2009. Since 2022, this yield difference has fallen -440 basis points, its largest 5-year decline since the 1970s2026-10-13 00:07 UTC
We are witnessing a historic shift. The annual spread between the S&P 500's earnings yield and the 10Y Note yield is down to -1.5 percentage points, its lowest since 2009. Since 2022, this yield difference has fallen -440 basis points, its largest 5-year decline since the 1970s2026-10-13 00:07 UTC
→CORRELATIONshares Earnings Season
The Nasdaq closed lower as oil prices jumped after attacks on a Saudi airport, and investors waited for banks to kick off the third-quarter earnings season.2026-10-13 01:15 UTC
The Nasdaq closed lower as oil prices jumped after attacks on a Saudi airport, and investors waited for banks to kick off the third-quarter earnings season.2026-10-13 01:15 UTC
→CORRELATIONshares ^GSPC
Pasquariello: "since the dead lows of March 2009, S&P is up 16-fold (total returns). Along that path, there has been exactly one recession, and it lasted about two months" 2 months of recession in 16 years. Probably normal.2026-10-13 02:30 UTC
Pasquariello: "since the dead lows of March 2009, S&P is up 16-fold (total returns). Along that path, there has been exactly one recession, and it lasted about two months" 2 months of recession in 16 years. Probably normal.2026-10-13 02:30 UTC
←CORRELATIONshares ^GSPC
Big Board Names Near Highs While Smaller Shares Lag the Broad Tape2026-10-12 13:50 UTC
Big Board Names Near Highs While Smaller Shares Lag the Broad Tape2026-10-12 13:50 UTC
KEEP READING THE MACHINE
Summaries are generated and may contain errors — every claim links its sources.