Under the Surface
August 3, 2026
The market may not be as calm as it looks. While the earnings season remains strong and the S&P 500 finished July essentially flat, potential volatility is being fueled by internal rotation, geopolitical tensions, and interest-rate pressure. In this month’s First Week video, Walter takes a look at all the factors churning beneath the surface and how they may impact your portfolio.
In this month’s video:
Midterm Volatility: Midterm election years have increased volatility…how will that ramp as we approach November?
Technology Pivot: Markets shifted toward healthcare, energy, and real estate.
Jackson Hole: The Fed held rates steady at the last meeting, but the Aug 28 symposium may provide further guidance.
Greenwood Capital is an SEC-registered investment advisory firm. This material has been prepared for information purposes only, is not intended to provide, and should not be relied on solely for tax, legal, or accounting advice. Subtitles are automatically generated.
