Friday, 31 July 2026
Market closes up on balanced forces
The market closed with solid gains, led by Energy and Industrials, as support and pressure were roughly balanced. Next session, the story will be told by how the market reacts to geopolitical tensions and easing credit conditions. The direction of bond yields will also be important to watch.
Why it mattered: Today's close sets up a test of the market's ability to sustain its trend in the face of rising tensions and shifting economic conditions
What we said to watch
The reaction to geopolitical events will be the most important thing to watch when the market reopens
This is the reading as it was written on the day. It has not been edited with hindsight, and it may have turned out to be wrong.
Market intelligence only. Not financial advice, not a recommendation, and not an offer to buy or sell any security. No trade execution.