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News  ›  Investing.com

S&P 500: Stocks Climb Despite Diverging Risk Signals and Falling Leverage Costs

Investing.com Logo Investing.com By Michael Kramer
S&P 500: Stocks Climb Despite Diverging Risk Signals and Falling Leverage Costs

The S&P 500 rallied on January 6, 2026, rising 60 basis points to a new all-time high, driven primarily by semiconductor memory stocks. However, the market advance occurred despite weakness in major tech names and shows signs of stretched indicators. With implied correlations at historic lows, very low volatility measures, and declining equity financing costs, analysts warn the market may be running on fumes with an uncertain outlook ahead.

Insights
BMLpJ   neutral

Identified as potential AI productivity beneficiary in banking sector with back-office automation potential


AAPL   negative

Stock fell nearly 2% on the day when the broader market rallied, indicating underperformance and weakness in this major tech holding.