S&P 500 All‑Time High: In‑Depth Sector, Valuation & Macro Analysis

The S&P 500 jumped 3.48% last week, hitting a fresh record and lifting its YTD gain to 5.65%. But raw gains only tell half the story. In this mobile‑first, data‑driven guide, you'll discover:

• Which sectors led—and what that implies

• Valuation gaps begging for attention

• Key economic releases to watch

• Exact API calls to power your own dashboard

Sector Rotation: What the Top Gainers Reveal

Last week's leaders weren't the usual suspects. Energy (+6.2%) and Industrials (+4.8%) outpaced Tech (+3.2%).

Why it matters:

• Growth confidence: Energy's rally signals bets on stronger industrial demand.

• Profit‑taking in Tech: Investors are shifting out of 30×+ P/E names.

• Risk appetite vs. defense: Consumer Discretionary (+5.0%) led over Utilities.

Pull the latest winner list each Monday via the Market - Biggest Gainers API to spot rotation early.

Valuation Analysis: Gauging “Fair Value”

Instead of eyeballing a single P/E, break it down by basket:

• Mega‑cap Tech (top 5): ~28× forward P/E

• S&P 500 Ex‑Tech: ~18× forward P/E

This 10× gap exceeds the 7× historical average.

Use the Ratios TTM API to fetch live P/E, P/B, and EV/EBITDA for any ticker. Then compare sector medians to spot outliers ready to mean‑revert.

Macro Outlook: Upcoming Catalysts

1. ISM Services PMI (Jul 3)
   Below‑50 prints would undercut optimism.

2. Jobs Report (Jul 5)
   A surprise uptick in claims could spark selling.

Automate alerts for these releases by subscribing to the Economics Calendar in your workflow.

Conclusion
Last week's S&P 500 record was driven by cyclical sector rotation, stretched tech multiples and looming macro risks—insights you can turn into automated signals. Use the Financial Modeling Prep API to power your own real‑time market analysis.