The Markets Have Been on a Roll. Is It Time to Hedge Your Bets?
Reported by New York Times Business · nytimes.com · August 14, 2026
The S&P 500 is in position for a rare fourth year of consecutive annual gains. Risks are rising, our columnist says, yet Wall Street is doubling down.
What the tape says
What to watch: Monitor chip inventory cycles — overhang periods precede sharp upside moves in semis.
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