Market Pulse

Mar 15

  IndexLast Week1-Month (Trailing)YTD
DJIA
      −2.00%
      −1.82%
      −1.14%
S&P 500
      −1.60%
      −2.21%
      −2.53%
Nasdaq
      −1.30%
      −3.94%
      −4.90%
Russell 2000
      −1.80%
      −1.42%
      +0.30%
MSCI EAFE
      +0.62%
      +4.58%
      +11.12%
MSCI EM
      +0.41%
      +4.36%
      +14.27%
Bloomberg U.S. Agg
      +0.44%
      +1.71%
      +2.19%
Bloomberg U.S. Corp HY
      −0.37%
      −0.54%
      −0.21%
Data as of: Friday, March 13, 2026, 4:00 p.m. ET

See important disclosures below.

Weekly Recap

03/09/2026 - 03/13/2026

U.S. Economy

CPI and PCE met expectations; GDP revised lower

Trump administration launches Section 301 trade probes

Equity Market

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U.S. equities fall third straight week
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Energy, semis lead; financials lag
```

Bond Market

Treasury yields rise as rate-cut expectations fade

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Treasury auctions mixed; 30-year strong
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Around the Globe

Iran conflict disrupts Hormuz shipping, lifts crude

Dollar rises; gold, silver fall; Bitcoin climbs

The Week Ahead…

03/16/2026 - 03/20/2026

Mon

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Empire Manufacturing (Mar)
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Retail Sales, Industrial Production (Feb)

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Dollar Tree, Semtech earnings
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Tue

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Pending Home Sales (Feb)
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Lululemon, DocuSign earnings
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Wed

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FOMC rate decision, SEP
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PPI, Factory Orders (Feb)
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Macy’s, General Mills, Five Below, Micron

Thu

```
Jobless Claims
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```
Philly Fed Index (Mar), New Home Sales
```
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Alibaba, Accenture, Darden, FedEx
```

```
Fri
```
- ```
Retail Sales (Feb)
```

Markets will closely watch the Federal Reserve’s March policy meeting this week, with the rate decision and updated Summary of Economic Projections due Wednesday. While markets expect no change to interest rates, investors will focus on Chair Powell’s commentary about inflation risks and the economic outlook, particularly as energy prices have risen sharply amid geopolitical tensions in the Middle East. Futures markets have recently scaled back expectations for rate cuts in 2026, increasing the importance of the Fed’s updated economic projections.

Economic data will also be busy throughout the week. Monday brings the Empire State manufacturing survey, retail sales, industrial production, and the NAHB housing market index. Tuesday includes February pending home sales, while Wednesday features the producer price index and factory orders. On Thursday, markets will digest weekly jobless claims, the Philadelphia Fed manufacturing index, and new home sales.

Corporate earnings are lighter but still notable. Reports are expected from Dollar Tree and Semtech Monday, Lululemon and DocuSign Tuesday, Macy’s, General Mills, Five Below, and Micron Wednesday, and Alibaba, Accenture, Darden, and FedEx Thursday.

-Matt Shaw, CFA

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This report and the opinions provided herein are for informational purposes only, are not a solicitation, and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security or investment. All opinions expressed herein constitute the author’s judgement as of the date of this document and are subject to change without notice. Statements made are not facts, including statements regarding trends, market conditions and the experience or expertise of author are based on current expectations, estimates, opinions and/or beliefs. Such statements are not facts and involve known and unknown risks, uncertainties and other factors. Past events and trends do not predict or guarantee or indicate future events or results. Information cited in this report has been drawn from sources believed to be reliable and was captured at a point in time. Therefore, the data is subject to change and its accuracy is not guaranteed. DJIA, S&P, Russell 2000, and NASDAQ indices are referenced directly; MSCI EAFE, MSCI EM, BB U.S. Aggregate, Bloomberg U.S. Corp. HY, and all sector figures refer to the respective ETFs as a representative figure. Ategenos Capital, LLC d/b/a AC Wealth Partners does not own or control and is not affiliated with any third-party content provided via hyperlink, quoted, or cited herein. Investors seeking more information should contact their financial advisor. Investing involves risk, including the possible loss of principal. It is not possible to invest directly in an index. Past performance does not guarantee future results. AC Wealth Partners is an investment adviser registered with the SEC. SEC registration does not imply any specific level of training or skill.

Matt Shaw