Market Pulse

Index	Last Week	1-Month (Trailing)	YTD
DJIA	+2.17%	+2.30%	+5.37%
S&P 500	+0.88%	+4.84%	+9.42%
Nasdaq	+1.21%	+9.53%	+14.33%
Russell 2000	+2.71%	+3.13%	+15.93%
MSCI EAFE	+2.22%	+1.97%	+8.34%
MSCI EM	+1.24%	+3.94%	+20.59%
Bloomberg U.S. Agg	+0.43%	-0.85%	+0.35%
Bloomberg U.S. Corp HY	+0.57%	-0.21%	+1.80%

Data as of: Friday, May 22, 2026

See important disclosures below.

Weekly Recap

05/18/2026 - 05/22/2026

U.S. Economy

• Inflation expectations rose in final Michigan reading

• FOMC minutes leaned hawkish on inflation risks

Equity Market

• S&P 500 posted eighth straight weekly gain

• Nvidia results reinforced AI demand optimism

Bond Market

• Thirty-year Treasury yield hit post-2007 high

• Treasuries firmed as yield curve flattened

Around the Globe

• WTI crude fell on Iran diplomacy hopes

• Asia AI stocks rallied on chip demand

The Week Ahead…

05/25/2026 - 05/29/2026

• Mon

  • U.S. Markets Closed - Memorial Day

• Tue

  • Consumer Confidence (May)

  • House Price Index

  • AutoZone, Zscaler

• Wed

  • Salesforce, HP, Marvell, Snowflake, Synopsys

• Thu

  • Core PCE (April)

  • GDP (Q1 revision)

  • Costco, Dell, Autodesk, Dollar Tree, Lululemon

• Fri

  • Wholesale Inventories

  • Chicago PMI (May)

The week ahead is shortened by the Memorial Day holiday, with U.S. markets closed Monday before attention shifts back to economic data and earnings. Tuesday brings May Consumer Confidence and the FHFA House Price Index, offering fresh perspective on household sentiment and housing conditions.

Thursday is the key macro day, with April Core PCE, personal income and spending, durable goods orders, jobless claims, new home sales, and the first revision to Q1 GDP. Investors will be watching closely for signs that inflation remains sticky, especially after recent Fed minutes leaned hawkish and markets priced in a firmer rate path.

Earnings will also stay in focus, with reports from AutoZone and Zscaler Tuesday, Salesforce, HP, Marvell, Snowflake, and Synopsys Wednesday, and Costco, Dell, Autodesk, Dollar Tree, and Lululemon Thursday. Friday wraps with Wholesale Inventories and Chicago PMI, while the ASCO healthcare conference may drive biotech and pharma headlines.

-Matt Shaw, CFA

Like this update? Sign up for our Daily Market Update.

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.