The aBP Weekly: The Market Stopped Worrying About Oil
- Felix Ouma
- 2 hours ago
- 4 min read
This week felt different from the panic-driven tone we saw earlier in the summer. Markets spent most of the week climbing higher, even as geopolitical headlines continued to circulate. The difference was that investors stopped reacting to every oil headline as though it would automatically become a global economic shock. That shift in mindset mattered more than any single earnings report or data release.
By Friday’s close, the S&P 500 had reached another record high, the Nasdaq extended its recent outperformance, and risk appetite looked noticeably healthier than it did only a few weeks ago. The S&P 500 finished the week up roughly 1.2%, while the Nasdaq gained around 1.8% as technology and growth names continued to lead. The broader market still showed signs of selectivity underneath the surface, but the overall tone was clearly constructive.
