Fundstrat's Mark Newton on the Treasury's intervention and its impact on the bond market
CNBC Television
|
August 20, 2026 at 10:15 PM UTC
Bullish
80% Confidence
Watch on YouTube
Key Points
- Expect S&P 500, QQQ, and DJIA to push back into new all-time high territory into Jackson Hole next week.
- The dollar's break of its February uptrend is a durable trade, expected to decline into 2027.
- Key sectors to watch for alpha are Healthcare (XLV, IBB), Energy (XLE), and Materials (XLB).
AI Summary
Mark Newton of Fundstrat believes the Treasury's intervention on interest rates is a 'game-changer' that could propel the S&P 500, QQQ, and DJIA to new all-time highs as soon as next week, leading into Jackson Hole. He also sees a durable trade in the dollar's decline and highlights specific sectors for potential outperformance.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bullish | 80% |
| Consensus | Bullish | 80% |