M Notes: Mon, 10-26
| Weekly close: 10-23-26 | + (-) | % | |
|---|---|---|---|
Dow | 52,215 | +213 | +0.4% |
S&P | 7,624 | -35 | -0.5% |
Nasdaq | 25,955 | -185 | -0.7% |
| R2000 | 2,777 | +56 | +2.1% |
10-year | 5.00 | -0.08 | -1.6% |
Oil | 103.56 | +1.72 | +1.7% |
LAST WEEK:
Markets: Mixed Markets, with the Mid-terms just a week away.
S&P roller coaster last week: Up, Up, Up, Down significantly, and Down.
Fed Balance Sheet: $6.75 Trillion.
Housing: Housing Starts were down -5.2% in September, and were down -7.4% Y/Y.
Metals: Gold: $4,010. Silver: $54.
National Debt: $40.45 Trillion.
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THIS WEEK:
First Focus of the week: The Fed Meeting. This will be the seventh meeting of the year (out of eight). The meeting starts on Tuesday. We’ll get the meeting announcement at 2pm on Wednesday, followed by the Fed Chair’s press conference at 2:30pm.
Second Focus of the week: Inflation. We get the September PCE data on Thursday morning at 8:30am.
Calendar: Durable Goods Orders, New Home Sales (Tue); the FOMC announcement, the Fed Chair press conference (Wed); the September PCE, and the first read on Q3 GDP (Thu).
Earnings: Some of the companies reporting this week: Alphabet, Altria, Amazon, AnheuserBusch InBev, Boeing, BP, Caterpillar, Chevron, Coca-Cola, Corning, Eli Lilly, ExxonMobil, FedEx, Intel, Mastercard, Merck, Microsoft, Phillips 66, Shell, Sherwin Williams, Starbucks, UPS, Verizon, and Visa.
* 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.