The S&P 500 ($SPX) is flirting with the psychologically significant 7,000 level after setting a fresh intraday record above 6,988 on Tuesday. The flagship index has continued its impressive rally in 2026, driven by strong corporate earnings and resilient economic data.
Yet beneath this broad market strength, pockets of weakness are emerging that could present opportunities for contrarian investors. While the benchmark index pushes higher, several quality names have been left behind in the rally, with their relative strength index readings dropping into oversold territory.
