U.S. Stock Rally Expected to Continue Amid Momentum Overheating Concerns

글로벌 시장 | Mon Jul 06 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 5 sources

U.S. stock futures rose after the holiday break, while strategists warned of a potential momentum trade reversal and Korean won began 24-hour trading.

Analysis

[U.S. Stock Futures] opened higher after holiday break, extending rally expectations ^[1]

• S&P 500 futures up 0.5%
• Nasdaq-100 futures up 1.5%
• Dow futures slightly higher
• Bitcoin above $63
• 000
• up 5% for the week

[Momentum Trade] warned of potential sharp reversal in July ^[2]

• Invesco S&P 500 Momentum ETF (SPMO) surged
• Semiconductor stock rally drove gains
• S&P 500 and Nasdaq Composite posted largest quarterly gains in 6 years
• Signs of dramatic rotation beneath index surface

[Korean Won] strengthened slightly on first day of 24-hour trading ^[3]

• Won gained against the dollar
• First day of Korea's 24-hour won trading system launched

[Global Markets] rallied on rate cut expectations ^[5]

• Rate-cut optimism spread this week
• Global equity market rally

[Wall Street Strategists] showed majority bullish outlook for H2 2026 with minority bearish views ^[4]

• Majority of Wall Street bullish on second half outlook
• Some bearish strategists still remain

Sources

• [1] U.S. stock futures rise as Wall Street looks to extend its rally coming off the holiday weekend - MarketWatch Top Stories
• [2] Why the stock market’s red-hot momentum trade might be headed for a violent unwind this month - MarketWatch Top Stories
• [3] Korean Won Edges Higher on First Day of 24-Hour Trading - Bloomberg Markets
• [4] Wall Street's biggest bulls (and handful of bears) for the rest of '26 - Seeking Alpha Market News
• [5] Top global stories this week; markets rally on rate-cut optimism - Seeking Alpha Market News