M Notes: Tue, 2-17
| Weekly close: 2-13-26 | + (-) | % | |
|---|---|---|---|
Dow | 49,501 | -615 | -1.2% |
S&P | 6,836 | -96 | -1.4% |
Nasdaq | 22,547 | -484 | -2.1% |
10-year | 4.05 | -0.16 | -3.8% |
Oil | 62.81 | -0.69 | -1.1% |
LAST WEEK:
Markets: Even a surprise on the Jobs number didn’t help last week.
S&P roller coaster last week: Up, Down, Flat, Down significantly, and Up a touch.
Fed Balance Sheet: $6.622 Trillion. It’s been going up slightly the last few weeks.
Housing: Existing Home Sales were down -8.4% in January. They were down -4.4% Y/Y.
Inflation: The CPI (Consumer Price Index) went up =0.2% in January. It went down from 3.0% to 2.8%.
Jobs: The Jobs number beat significantly. Coming off of 50,000 jobs in December, the expectation for January’s number was 70,000. The actual number came in at 130,000.
Metals: Gold finished the week at $4,989. Silver finished the week at $77.
National Debt: $38.747 Trillion.
Retail Sales: The December number was flat (0.0%). Retail Sales were up +2.4% Y/Y.
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THIS WEEK:
Focus of the week: The Fed Minutes. Jerome Powell’s days as the Fed Chair are coming to an end. Will he stay on as a Governor? And how is the FOMC going to change with a new Fed Chair? But in these Fed Minutes from January, will we get any further indication on how split the FOMC is on lowering their Interest rate further?
Calendar: Market Holiday (Mon); Retail sales (Tue); Fed Minutes, Durable Goods Orders, Housing Starts (Wed); the Trade Deficit (Thu); the 1st read on Q4 GDP, New Home Sales, and the December PCE (Fri).
Earnings: Some of the companies reporting this week: Deere, HSBC, Medtronic, Southern Company, and Walmart.
Holiday: Markets were closed yesterday (Monday, 2-16), in observance of President’s Day.
* 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.