M Notes: Mon, 8-11

	Week Close: 8-8-25	+ (-)	%
Dow	44,176	+587	+1.3%
S&P	6,389	+151	+2.4%
Nasdaq	21,450	+800	+3.9%
10-year	4.29	+0.07	+1.7%
Oil	63.35	-3.91	-5.58%

LAST WEEK:

Markets:  They seemed to shrug off the Fed’s lack of action, and rebounded last week.

S&P roller coaster last week:  Up significantly, Down, Up, Down a touch, and Up a lot.

Factory orders:   They dropped from +8.2% (May) to -4.8% (June).  

Fed Balance Sheet:  $6.641 Trillion. 

ISM:  The Institute for Supply Management’s Services index dropped from 50.8 (June) down to 50.1 (July).  Two weeks ago, their Manufacturing index dropped from 49.0 (June) to 48.0 (July).   Services represents 70%, while Manufacturing represents 30% of the US economy.  A number above 50 represents expansion, while a number below 50 represents a contraction.   

Jobless claims:  The weekly number came in at 226,000.  The four-week average came in at 221,000.

National Debt:  $37.218 Trillion.  (It’s going up about $28-30 Billion/week.)

Trade Deficit:  It was -60 Billion (June).  

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THIS WEEK:

Focus of the week:  Inflation.   Consumer Inflation (the CPI) is expected to rise a touch from 2.7% up to 2.8%.  That number comes out Tuesday morning.  Wholesale Inflation (the PPI) is expected to rise from 2.3% up to 2.6%.   That number comes out on Thursday morning.  

Calendar:   The CPI (Tue); the PPI, jobless claims (Thu); industrial production and retail sales (Fri).

Earnings:  Some of the companies reporting this week are:  Allianz, Applied Materials, Cisco, Deere, and Siemens. 

* 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.