M Notes: Tue, 9-8
| Week Close: 9-4-26 | + (-) | % | Aug % | |
|---|---|---|---|---|
| Dow | 53,414 | -146 | -0.3% | +1.3% |
| S&P | 7,712 | +7 | +0.1% | +2.6% |
| Nasdaq | 26,507 | +105 | +0.4% | +3.9% |
| R2000 | 2,975 | +3 | +0.1% | +0.9% |
| 10-year | 4.78 | +0.06 | +1.3% | +0.8% |
| Oil | 91.42 | +8.02 | +9.6% | +6.6% |
LAST WEEK:
Markets: Even with the continued uncertainty, Markets had a solid week of gains.
S&P roller coaster last week: Down, Down a lot, Up, Up a lot, and Down.
Fed Balance Sheet: $6.73 Trillion.
Fed Beige Book: There were Modest gains in economic activity across the Country since early July. Ten of the twelve Districts reported slight to moderate growth. Two Districts reported no change. The Cleveland District reported modest growth.
ISM: The Institute for Supply Management’s August Manufacturing index (30% of the US economy) dropped from 55.6 down to 54.6. Their August Services index (70% of the US economy) rose from 54.1 up to 55.4. A number below 50 suggests a Contraction, while a number above 50 suggests an Expansion.
Jobs: With an expectation the August jobs number would come in around 50,000, the number came in significantly larger: 162,000.
Metals: Gold finished the week at $4,480. Silver remained at $67.
National Debt: $39.98 Trillion.
Trade Deficit: The July Trade Deficit was -$89 billion.
Unemployment: The U3 Unemployment rate remained at 4.1%.
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THIS WEEK:
Focus of the week: Inflation. Consumer Inflation is expected to remain at 3.4%, while Wholesale Inflation is expected to rise from 4.7% up to 5.3%.
Calendar: Holiday (Mon); the PPI, Existing Home Sales (Thu); and the CPI (Fri).
Earnings: The current Earnings Season is winding down. Some of the companies reporting this week: Adobe, Kroger, and Oracle.
* 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.