The S&P 500 (^GSPC) is currently on its longest winning streak since November of 2023, with the index nearing its last all-time high seen in July of this year. This renewed confidence is thanks in part to a recent slew of positive economic data that has been nudging the Federal Reserve toward cutting interest rates in September. That confidence can be seen in new data from FactSet which illustrates only twenty-eight S&P 500 companies mentioning a recession in their earnings calls.

Yahoo Finance markets reporter Josh Schafer joins Asking For A Trend to break down the top market takeaways for August 19.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Nicholas Jacobino