US Market Briefing — 2026-08-29

Fear & Greed Index

The CNN Fear & Greed Index currently reads 58, indicating that market sentiment is in the 'Greed' zone. This shows that investors remain optimistic about the recent market rally, though the potential for increased volatility remains following Warsh's remarks.

1 sources

finhacker.cz

Fear and Greed Index: Historical Data & Chart (2011–2026)

Market Core Summary

• S&P 500: 7,711.76 (-0.25%)
• NASDAQ: 26,402.42 (-0.52%)
• Dow Jones: Closing data for the 28th was not specified, but it stood at 53,568 (+0.20%) as of the 27th.

Key Market Drivers & Macro Environment

1. Fed Chair Nominee Kevin Warsh's Jackson Hole Speech: Warsh expressed concern over current inflation trends, emphasizing the central bank's determination to bring inflation back to target. Following these remarks, the 10-year Treasury yield rose.
2. Marvell Technology's Weak Earnings: Marvell's weaker-than-expected earnings guidance or announcement triggered selling across the tech sector, serving as a primary driver for the Nasdaq's decline.
3. Nvidia's Continued Strong Earnings: Nvidia's earnings surprise last week continued to support the tech rally, though its impact was limited by Warsh's hawkish remarks and Marvell's negative news.

Market Expert Outlook

• Monitoring the Fed's Rate Path: Based on Warsh's remarks, the market is reassessing the possibility of additional tightening to curb inflation or a prolonged high-interest-rate scenario. The Fed signaled that more effort is needed to control inflation.
• Tech Concentration and Weakening Market Breadth: A narrow rally driven by a few mega-cap tech stocks like Nvidia persists, while the equal-weight index and overall market participation breadth have relatively weakened.
• Caution Arising Despite Weekly Gains: Although major indices closed lower on Friday, they posted gains for the week. However, following the Fed's clear inflation messaging, investors are expected to become more sensitive to upcoming economic data and corporate earnings.