Citadel – Market Insights from May 8, 2026

Here are some market news I think everyone needs to know, just to understand what's going on. Source: Link

Earnings season is 75% complete and so far:

• 85% of companies have beaten EPS
• 79% have beaten on revenue
• 49% of names have traded higher post-print
• Companies beating on both EPS and revenue are up +1.2% on average, versus -4.5% for those that missed.
• 92% of companies in the Tech sector have beaten on EPS and on revenue, and a meaningful share of names delivered realized moves above implied.

Buybacks:

• Year-to-date, U.S. corporates have authorized nearly $685B in buybacks, largely driven by buybacks in Tech and Financials (which constitute more than 50% of the authorized total in 2026).

CapEx spending:

• 2027 est for CapEx at $844B

Market performance:

• Only 22% of names in the S&P 500 have outperformed the index itself over the last 30-days, reaching 30-year lows.