M Notes: Mon, 9-28
| Weekly close: 9-25-26 | + (-) | % | |
|---|---|---|---|
Dow | 51,829 | +146 | +0.3% |
S&P | 7,743 | +92 | +1.2% |
Nasdaq | 27,069 | +546 | +2.1% |
| R2000 | 2,838 | -22 | -0.8% |
10-year | 5.17 | +0.17 | +3.4% |
Oil | 92.44 | -7.86 | -7.8% |
LAST WEEK:
Markets: Oil drops, Markets go up. Not huge, but up.
S&P roller coaster last week: Up significantly, Flat, Down a lot, Flat, and Up.
Durable Goods Orders: August Orders were flat (no change). Coming off of July’s +1.1% growth, expectations were for August Orders to come in at -0.4%. So, while there wasn’t any growth, this was actually good news.
Fed Balance Sheet: It remained at $6.75 Trillion.
Housing: New Homes Sales were up +6.4% in August, but were down -2.0% Y/Y.
Metals: Gold dropped down to $4,309. Silver dropped a touch to $64.
National Debt: $40.21 Trillion.
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THIS WEEK:
Focus of the week: Jobs & Unemployment. Coming off of 162,000 Jobs in August, the consensus for September’s Jobs number is 90,000. Unemployment is expected to remain at 4.1%.
Calendar: The August PCE, the final read for Q2 GDP (Wed); ISM’s Manufacturing index (Thu); and Jobs & Unemployment (Fri).
* 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.