Market Outlook — Monday, August 24, 2026: Breadth Snaps Back to 100%, VIX Holds 15.9, Energy Leads
SPY $765.72 (+3.63% 20d, -1.37% 5d). Breadth snaps back to 100% after the brief Jackson Hole dip to 75%. VIX 15.91 (term ratio 0.860). Dovish Fed Chair keynote; Sep 17–18 FOMC ~65% cut probability. XLE +6.74% 20d leads; XLU -7.60% 20d lags.