Part 2/12:
Despite robust gains in major indices—most notably, the Magnificent 7 Mega Cap index climbing 1.2%—market breadth narrowed, as over 300 S&P 500 constituents declined. Bond yields edged higher with the 10-year Treasury rising two basis points to 4.1%, while Bitcoin experienced a modest 3% decline. Analysts remain optimistic, citing seasonal tailwinds. An UBS analyst noted that the current bull market has room to run, although some caution that a too-bullish sentiment could leave markets vulnerable to shocks. Historically, data since 1928 indicates that when the S&P 500 gains 10% or more by October, November tends to add an average of 2.6%.