Morning Dose #311: Breadth Confirms the Breakout: S&P Tops 7,600 – Tuesday 8/4/2026

Episode summary

Stocks rip higher as the S&P closes above 7,600 and the Dow hits a record, fueled by strong earnings from Caterpillar and Palantir plus falling oil and yields on Iran deal talk. Breadth data shows the rally broadening well beyond mega-cap tech, with a bullish scan sheet and a clear playbook for both gap-up and gap-down scenarios.