Edition for Friday, July 31, 2026

Energy earnings and PCE data set the stage for a cautious Friday close

Disinflationary trends should cap upside, while strong energy results provide a floor, leading to a mostly flat session for broad indices.

Our call:Markets should stay flat·60% chance we're right·confidence 75/100

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Opening Bell

SPX

-0.15%

↑ 45%

NDX

-0.25%

↑ 40%

DJI

+0.05%

↑ 50%

RUT

-0.30%

↑ 40%

VIX

+1.50%

↑ 55%

DXY

+0.10%

↑ 55%

Disinflationary trends should cap upside, while strong energy results provide a floor, leading to a mostly flat session for broad indices.