# Weekly Recap: S&P 500 Rises, Bullish Pressure Dominates Week Ending 2026-09-04

**Category:** Weekly Recap | **Published:** Friday, September 4, 2026 | **Author:** Haruspex

> Haruspex data for the week ending September 4, 2026, shows broad bullish market pressure with 75% of analyzed stocks gaining directional edge.

## Stock Scores

| Symbol | Company | Score | Change | Outlook |
|--------|---------|-------|--------|---------|
| DE | Deere & Company | 69.0 | +21.0 | bullish |
| CLS | Celestica Inc. | 64.0 | +19.0 | bullish |
| RCL | Royal Caribbean Group | 58.0 | +16.0 | bullish |
| TXRH | Texas Roadhouse, Inc. | 52.0 | -12.0 | neutral |
| FRHC | Freedom Holdings Corp. | 50.0 | -12.0 | neutral |

**TL;DR:** The S&P 500 gained 1.06% as Haruspex analysis revealed strong bullish pressure across 75% of analyzed stocks. Significant directional shifts favored industrials and energy, while some consumer and financial names saw diminished trading edge. Investors should monitor macro thresholds for potential reversals.

On Friday, September 4, 2026 ET, the market closed out a week marked by overall bullish directional pressure, despite some notable sector-specific divergences. Haruspex analysis of 524 stocks showed an average score of 58.7, with a commanding 75% registering bullish directional signals. This broad optimism coincided with a positive week for major indices.

The S&P 500 rose 1.06% to 7747.71 [data: 2026-09-04 close], reflecting a market environment where upward momentum prevailed for a majority of securities. This sustained advance occurred even as the 10-year Treasury yield remained elevated, suggesting a decoupling of equity sentiment from bond market pressures for the week.

## Macro Regime Monitor

Key macro indicators remained influential throughout the week, setting the backdrop for individual stock movements. Energy prices, interest rates, and currency strength continued to present critical thresholds for market participants.

| Metric | Current | Source Date |
| --- | --- | --- |
| S&P 500 | 7747.71 (+1.06%) | 2026-09-04 close |
| VIX | 14.22 | 2026-09-04 close |
| 10Y Treasury Yield | 4.80% | 2026-09-04 close |
| WTI Crude Oil | $90.22 | 2026-09-04 close |
| US Dollar Index (DXY) | 99.17 | 2026-09-04 close |

The VIX, a measure of market volatility, stayed at a relatively low 14.22 [data: 2026-09-04 close], indicating a stable trading environment with minimal immediate systemic risk detected. This low volatility supported the overall bullish sentiment captured by the Haruspex scores.

## Winners of the Week: Strong Bullish Shifts

This week saw several stocks experience significant positive shifts in their Haruspex scores, signaling increased bullish directional pressure. These movements often highlight underlying rotations or strengthening market conviction in specific sectors.

### Deere & Company (**DE**)

Deere & Company (**DE**) led the gainers, with its Haruspex score climbing 21.0 points to a robust 69.0, firmly establishing a bullish outlook. Trading at $694.41 [data: 2026-09-04 close], just shy of its 52-week high of $705.88, the data indicates strong market directional interest in the industrial giant. Haruspex analysis shows a clear shift in underlying market sentiment around the stock.

### Celestica Inc. (**CLS**)

Celestica Inc. (**CLS**) registered a substantial 19.0-point improvement, pushing its score to 64.0 and a bullish outlook. The stock closed at $309.84 [data: 2026-09-04 close], marking an 11.55% gain on Friday alone, within a 52-week range of $227.00-$474.03. This upward movement in its Haruspex score suggests increasing positive market pressure around **CLS**.

### Royal Caribbean Group (**RCL**)

Royal Caribbean Group (**RCL**) also experienced a strong bullish shift, with its score rising 16.0 points to 58.0. This score places **RCL** in a bullish pressure category, indicating a growing trading edge. Closing at $265.55 [data: 2026-09-04 close], the data signals an increase in positive directional interest for the cruise operator.

### BP p.l.c. (**BP**)

Energy major BP p.l.c. (**BP**) saw its Haruspex score jump 15.0 points to 68.0, reinforcing its bullish outlook. With WTI crude oil at $90.22 [data: 2026-09-04 close], the increased market pressure around **BP** aligns with broader strength in the energy sector. Haruspex analysis points to continued bullish sentiment for the stock.

### Venture Global, Inc. (**VG**)

Venture Global, Inc. (**VG**) mirrored **BP**'s strong performance, also gaining 15.0 points to reach a Haruspex score of 67.0. This score signals robust bullish pressure for **VG**, a firm in the energy infrastructure space. The data indicates strong directional interest, likely driven by sustained energy demand and pricing trends.

## Losers of the Week: Diminished Trading Edge

Conversely, some stocks saw a reduction in their Haruspex scores, indicating a weakening of bullish directional pressure or a shift towards neutral. These declines highlight areas where market participants are recalibrating their positions.

### Texas Roadhouse, Inc. (**TXRH**)

Texas Roadhouse, Inc. (**TXRH**) experienced a 12.0-point decline in its Haruspex score, landing at 52.0 and shifting its outlook to neutral. The stock traded at $189.06 [data: 2026-09-04 close], having been near its 52-week high of $216.30 recently. The data suggests a decrease in bullish market pressure around **TXRH**, moving it out of a clear directional edge.

### Freedom Holdings Corp. (**FRHC**)

Freedom Holdings Corp. (**FRHC**) also saw its score drop by 12.0 points, settling at 50.0 with a neutral outlook. Closing at $163.44 [data: 2026-09-04 close], down 3.29% on Friday, the stock's market behavior indicates a loss of previously detected bullish impetus. Haruspex analysis suggests diminished directional trading edge for **FRHC**.

### Frontline plc (**FRO**)

Frontline plc (**FRO**), despite maintaining a bullish outlook, saw its score decline by 10.0 points to 59.0. The reduction suggests a moderation of the strong bullish pressure previously detected. The data still points to a positive directional bias, but with less intensity compared to prior weeks for the shipping firm.

### AGNC Investment Corp. (**AGNC**)

AGNC Investment Corp. (**AGNC**) also registered a 10.0-point drop, bringing its score to 57.0 while retaining a bullish outlook. The decrease in score reflects a slight weakening in the positive market directional signals surrounding **AGNC**. Elevated 10-year Treasury yields at 4.80% [data: 2026-09-04 close] could be influencing sentiment around interest-rate sensitive sectors.

### ServiceNow Inc. (**NOW**)

ServiceNow Inc. (**NOW**) experienced a 9.0-point decline in its Haruspex score, though it remains bullish at 62.0. This shift indicates a reduction in the magnitude of bullish market pressure. Even with this decline, the data suggests continued positive directional sentiment for **NOW**, albeit with some tempering compared to earlier in the week.

## Market Sentiment Shift

The week concluded with a predominantly bullish market sentiment according to Haruspex analysis. With 75% of the 524 analyzed stocks exhibiting bullish directional signals and an average score of 58.7, the market demonstrated resilience. The number of gainers (225) significantly outpaced losers (65), affirming a broad-based positive directional trend.

### What factors contributed to the market's bullish bias?

The consistent S&P 500 advance and low VIX suggest that despite persistent macro concerns like high interest rates, market participants found compelling reasons to lean into upward directional plays. Sectoral strength in industrials and energy, as indicated by top gainers, points to rotation into areas perceived as resilient or benefiting from current economic conditions.

## Key Takeaways for the Week Ahead

- Broad market strength, with the S&P 500 up 1.06% and 75% of stocks showing bullish pressure, indicates continued upward momentum.
- Significant shifts in directional pressure favored industrials (**DE**) and energy (**BP**, **VG**), suggesting potential sector rotation.
- Some consumer discretionary (**TXRH**) and financial names (**FRHC**, **AGNC**) saw a reduction in bullish trading edge, signaling caution in these areas.
- The combination of a strong equity market and elevated 10-year Treasury yields points to a complex environment where liquidity and specific sector trends are driving performance.

## What Would Change This View

The current bullish directional thesis holds under prevailing market conditions. However, several measurable shifts could invalidate this outlook. If the S&P 500 closes two consecutive trading days below 7650 on increasing volume, the broad bullish pressure thesis would be challenged. A sustained breach of WTI crude oil prices below $85 per barrel could significantly alter the outlook for energy stocks and broader inflationary expectations.

Furthermore, a spike in the VIX above 20.0, maintained for at least 48 hours, would signal an increase in market uncertainty, potentially dampening the current bullish directional signals. Such a move would necessitate a re-evaluation of overall market sentiment and individual stock directional pressures.

## Week Ahead Outlook

As the market moves into the next week, attention will likely remain on inflation data and any comments from central bank officials regarding interest rate policy. Continued strength in industrial and energy sectors could signal a broadening of the market rally beyond technology. Investors should monitor the directional pressure shifts in individual names closely, particularly those approaching key technical levels. The interplay between sustained economic growth signals and elevated borrowing costs will be a defining theme.

---

*Source: [Haruspex Insights](https://haruspex.guru/insights/weekly-recap-2026-09-04)*
*Disclaimer: AI-generated analysis for informational purposes only. Not financial advice.*