Loading page content
Loading page content
Primary economy: United States economic indicators

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.
Sigmacast expected range ± 2.0–4.8% · 7–28-day calibrated zone
Last Updated: 6/23/26
recent path character per horizon · descriptive, not a forecast
Nested 60 / 80 / 95 calibrated expected-range · centered on current price (gold tick)
Macro correlations · context (not confirmation)
8 correlated indicators
Observed historical correlations, not forward signals.
Positively correlated: Long-Term Unemployed (27+ weeks) (r=+0.97), All Car Sales (r=+0.94)
Inversely correlated: Richmond Fed Manufacturing Shipments Index (r=-0.94), Inflation Rate YoY (r=-0.94), Philly Fed Prices Paid (r=-0.92), Inflation Expectations (r=-0.92), Inflation Rate MoM (r=-0.92), NAB Business Confidence (r=-0.91)
As of June 23, 2026, ^GSPC is trading at 7361.76. Our multi-model Sigmanomics forecast for this index generates expected price ranges (magnitude, not direction) across 7-day, 14-day, and 28-day horizons, each with a recent-path character readout. Based on ensemble models including SIGMACAST, Σ-Adaptive, and Σ-Trend with model-agreement confidence bands. Updated daily.
medium-term trend: up · 1D · ER 0.09 · trailing 7d
Forecasts generated by Sigmanomics engine. Not financial advice.
The S&P 500 (^GSPC) is a market index covered by the Sigmanomics analytics platform. The ^GSPC index closed at 7,387.67 on June 23, 2026, reflecting a decline of 1.13% from the previous close of 7,471.91.
Over the past 30 days, the index has experienced a sideways movement with a decline of 0.34%, ranging between 7,239.00 and 7,620.90. The price currently trades below its 20-day moving average of 7,483.27. The 14-day RSI stands at 48.0, in neutral territory, indicating balanced momentum.
Over the same 30-day window, daily-return volatility was 0.93%, reflecting subdued price variability for this index.
Daily-return volatility of 0.93% runs elevated for this index, so price ranges are likely to stay wide — watch how price behaves around its recent range rather than treating any single level as fixed. ^GSPC is currently trading 1.28% below its 20-day moving average. Its 14-day RSI reads 48.0, currently in neutral territory.
Auto-generated from Sigmanomics market data. Last update Jun 2026.
Sigmacast forecasts span six horizons — 30-minute, 1-hour, 2-hour, 4-hour, 12-hour, and daily — refreshed continuously as new bars arrive.The S&P 500 (^GSPC) is a market-capitalization-weighted index of approximately 500 large US public companies, covering about 80% of US equity market capitalization. It is the most widely followed benchmark for US large-cap equity performance and the underlying reference for trillions of dollars of indexed and benchmarked assets. Index methodology is maintained by S&P Dow Jones Indices.
The S&P 500 is driven by aggregate corporate earnings expectations, Federal Reserve policy and interest-rate path, sector composition shifts (technology weight currently dominant), macro data (jobs, CPI, GDP), and global risk sentiment. Mega-cap technology earnings (Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta) carry outsized index-level influence.