Summary

• U.S. equity markets recovered this week, with gains broadening across most major ETFs and sector benchmarks.
• The S&P 500 ETF (SPYM) was nearly flat with a modest 0.05% gain, while the NASDAQ 100 ETF (QQQM) rose 0.75% and small caps (VB) advanced 2.43%, signaling improved market breadth.
• The long-awaited initial public offering of Space Exploration Technologies Corp. completely dictated capital flows and market sentiment this past week.

U.S. equity markets recovered this week, with gains broadening across most major ETFs and sector benchmarks. The S&P 500 ETF (SPYM) was nearly flat with a modest 0.05% gain, while the NASDAQ 100 ETF (