Jay Woods on NVDA, Mag 7 Making 'K-Shaped Market,' SPX Key Levels
Schwab Network
05 October 2026
Jay Woods of Freedom Capital Markets tells investors to always keep one eye on the AI trade, particularly Nvidia (NVDA) as it taps the door on another new record high. It comes as market breadth across the S&P 500 (SPX) stumbles, though as Jay explains, the upcoming earnings season has opportunity to lift stocks across Wall Street. Meanwhile, the Mag 7 stocks have soared, though Jay has concerns that these stocks reclaiming leadership is creating a "K-shaped market." He then outlines a path for the S&P to reach a new all-time high.
Important Notices and Disclosures
The materials provided here are intended solely for informational and educational use. They do not constitute investment advice, a recommendation of any security or strategy, or an offer for any financial product or service by Freedom Capital Markets (FCM) or its affiliates. The information is not from FCM’s research department and should not be considered a research report or used for investment decisions. FCM is not liable for any reliance on these materials and holds no responsibility for updates. Reproduction or distribution without FCM’s consent is prohibited.
Freedom Capital Markets is the Investment Banking and Equity Capital Markets arm of Prime Executons, Inc., an NYSE, FINRA, and SIPC Member Firm.
Copyright © 2026 by Freedom Capital Markets. All rights reserved.
