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Deutsche Bank has raised its earnings outlook for the S&P 500, reinforcing Wall Street's increasingly bullish stance on U.S. equities as strong corporate results continue to exceed expectations.

“The Fed held its benchmark rate steady, in a range of 3.5% to 3.75%, in a 9-3 vote.

Chief Market Strategist at Carson Research, Ryan Detrick, is advising S&P 500 investors to prepare for seasonal headwinds, cautioning that markets should brace for August and September, as they are historically the “worst two months” of the year. The warning follows a rare back-to-back monthly decline for the index in June and July.

Amazon is the latest Big Tech company to report abnormally large earnings growth, thanks to paper gains on Anthropic investments.

The S&P 500 index fund is market-cap weighted, with the biggest companies most heavily represented. One exchange-traded fund offers the same 500 companies in roughly equal measure.