M Notes: Mon, 3-30
| Weekly Close: 3-27-26 | + (-) | % | |
|---|---|---|---|
| Dow30 | 45,167 | -410 | -0.9% |
| S&P500 | 6,369 | -137 | -2.1% |
| Nasdaq | 20,948 | -700 | -3.2% |
| R2000 | 2,450 | +12 | +0.5% |
| 10-year | 4.43 | +0.04 | +0.9% |
| Oil | 101.18 | +3.09 | +3.2% |
LAST WEEK:
Markets: Focus on the Middle East, the price of Oil and the Strait of Hormuz, moved Markets down for a fifth straight week.
S&P roller coaster last week: Up a lot, Down, Up, Down significantly, and Down significantly.
Fed Balance Sheet: $6.65 Trillion. After Covid, the Fed’s balance sheet got up as high as $9 Trillion. And they’ve purposely brought it down. But it’s not moved a lot lately. And probably won’t until a new Fed Chair gets confirmed. It will be interesting to see the direction that individual will attempt to bring, in many areas.
Metals: Gold finished the week at $4,490. Silver finished the week at $70.
National Debt: $39.05 Trillion.
Oil: WTI Crude closed over $100/barrel last week. And it’s trading over that a bit, as I write this (early Monday morning).
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THIS WEEK:
Focus of the week: It remains on the conflict going on in the Middle East. And the price of Oil. But the other economic focus this week will be on the new Jobs and Unemployment numbers. Coming off of a February jobs number of -92,000, the March Jobs number is expected to be around +50,000. The U3 Unemployment number is expected to remain at 4.4%. Both numbers come out Friday morning.
Calendar: ISM’s Manufacturing index, Retail Sales (Wed); the Trade Deficit (Thu); and the new Jobs and Unemployment numbers (Fri).
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* 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.