How the S&P 500 Hit 7610 and What the Fed Sees Now

The S&P 500 closed at 7,610 on June 3, 2026 — a fresh record. But beneath the headline number, the rally is narrowing. Lucas and Luna break down what's driving the index, from mega-cap tech to a struggling Russell 2000, and why Bank of America's summer correction warning might have teeth. They also look at real GDP data showing the economy is still expanding, but at a pace that leaves the Fed in a tricky spot: core inflation is sticky, and the labor market just surprised to the upside with 7.6 million job openings. Is this a Goldilocks scenario or a setup for disappointment? With specific numbers and a clear framework, this episode helps you understand what the broad market is really saying — and what it's not. #S&P500 #StockMarket #Fed #Inflation #GDP #JobOpenings #Russell2000 #SmallCaps #BankOfAmerica #SummerCorrection #MegaCapTech #RecordHigh #EconomicGrowth #MonetaryPolicy #Business #FexingoBusiness #BusinessPodcast #QuarterlyReview Keep every episode free: buymeacoffee.com/fexingo