M Notes: Mon, 10-19
| Week Close: 10-16-26 | + (-) | % | |
|---|---|---|---|
| Dow | 52,002 | +347 | +0.7% |
| S&P | 7,659 | -153 | -2.0% |
| Nasdaq | 26,140 | -1,226 | -4.5% |
| R2000 | 2,731 | -86 | -3.1% |
| 10-year | 5.08 | -0.16 | -3.1% |
| Oil | 101.84 | +10.84 | +11.1% |
LAST WEEK:
Markets: A bumpy week. Markets have basically been going sideways for the last two months.
S&P roller coaster last week: Down a touch, Down a touch, Down significantly, Up, and Down significantly.
Fed Balance Sheet: $6.76 Trillion.
Fed Beige Book: In this year’s seventh Beige Book: two/twelve Districts reported Moderate Growth, three/twelve reported Modest Growth, four/twelve reported Slight Growth, and three/twelve reported no change in growth. The Cleveland District showed Slight Growth.
Housing: Existing Home Sales were Up +1.5% in September, but were down -2.2% Y/Y.
Inflation: Consumer Inflation (the CPI) rose from 3.4% up to 3.7% in September (Y/Y). Wholesale Inflation (the PPI) rose from 5.4% up to 6.3% in September.
Metals: Gold: $4,187. Silver: $57.
National Debt: $40.30 Trillion.
Retail Sales: They were up +0.8% in September, and were up +6.3% Y/Y.
------------------------------
THIS WEEK:
Focus of the week: With limited economic data this week, the focus will be on the price of Oil and the pending Mid-term Election.
Calendar: Housing Starts (Tue).
Earnings: Some of the companies reporting this week: 3M, Abbott Labs, American Express, AT&T, CSX, GE Aerospace, General Dynamics, General Motors, IBM, Lockheed Martin, Netflix, Philip Morris, Proctor & Gamble, Tesla, Texas Instruments, Union Pacific, and Valero Energy.
* The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. Yahoo! Finance, the Wall Street Journal, Investor’s Business Daily and Barron’s are several of the sources used for financial information.
* The National Debt figure comes from usdebtclock.org.
* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Consult your financial professional before making any investment decision. You cannot invest directly in an index. Past performance does not guarantee future results. No strategy can assure a profit or protect against a loss. Investments in the securities markets involve risk, such as loss of your principal.