M Notes: Tue, 9-2
| Weekly close: 8-29-25 | + (-) | % | Aug % | |
|---|---|---|---|---|
Dow | 45,545 | -87 | -0.2% | +3.2% |
S&P | 6,460 | -7 | -0.1% | +1.9% |
Nasdaq | 21,455 | -41 | -0.2% | +1.6% |
10-year | 4.23 | -0.03 | -0.7% | -3.0% |
Oil | 64.01 | +0.24 | +0.4% | -7.6% |
LAST WEEK:
Markets: While it was a bumpy road, Markets finished August in the black.
S&P roller coaster last week: Down, Up, Up, Up, and Down.
Durable goods: Coming off a -9.3% result in June, Orders were expected to be down -4.0% but only finished at -2.8%.
Fed Balance Sheet: $6.603 Trillion.
GDP: Q2 GDP was revised up from +3.0%, to +3.3% in the second read.
Housing: Last week New Home Sales were down -0.6% in July, and they were down -8.2% Y/Y. Two weeks ago, Starts were up +5.2% in July and were up +12.9% Y/Y. Existing Home Sales were up +2.0% in July and were up +0.8% Y/Y.
Inflation: The Inflation metric the Federal Reserve focuses on is the Personal Consumption & Expenditures index (the PCE). In July, it rose +0.2%, while remaining at +2.6% Y/Y.
Jobless claims: The weekly number came in at 229,000. The four-week average came in at 229,000.
National Debt: $37.306 Trillion. (It’s going up about $28-30 Billion/week.)
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THIS WEEK:
Focus of the week: Jobs & Unemployment. The August Jobs number, coming off of a 73,000 July number, is only expected to bring in about 80,000 new jobs. Unemployment is expected to rise a tick up from 4.2%, to 4.3%.
Calendar: ISM Manufacturing index (Tue); Factory Orders, the Fed’s Beige Book (Wed); ADP’s employment report, ISM Services index, the Trade Deficit, Jobless Claims (Thu); and the new Jobs & Unemployment numbers (Fri).
Holiday: US Markets were closed yesterday (Monday) in observance of the Labor Day Holiday.
* 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.