Market Pulse

Jul 19

  IndexLast Week1-Month (Trailing)YTD
DJIA
      -0.83%
      +1.37%
      +8.60%
S&P 500
      -1.45%
      +0.62%
      +9.06%
Nasdaq
      -2.79%
      -1.82%
      +9.92%
Russell 2000
      -0.65%
      +1.39%
      +19.20%
MSCI EAFE
      -1.09%
      -0.57%
      +7.46%
MSCI EM
      -5.25%
      -7.54%
      +15.87%
Bloomberg U.S. Agg
      +0.08%
      -0.14%
      +0.11%
Bloomberg U.S. Corp HY
      +0.08%
      +0.38%
      +2.15%
Data as of: Friday, July 17, 2026

See important disclosures below.

Weekly Recap

07/13/2026 - 07/17/2026

U.S. Economy

Core CPI was flat, sharply reducing July hike odds

Trump weighs expanded Iran offensive amid renewed hostilities

Equity Market

Semiconductors plunged 10%, driving a broad momentum selloff

Energy and financials outperformed as technology shares sank

Bond Market

Treasuries firmed, with front-end yields falling about three basis points

Cooler inflation data strengthened demand for government bonds

Around the Globe

WTI crude surged 14.5% as Iran tensions intensified

China’s second-quarter growth missed its official target range

The Week Ahead…

07/20/2026 - 07/24/2026

Mon

```
Leading Indicators
```
```
Domino’s, Crown Holdings, Zions
```

Tue

```
ADP Weekly Employment
```

General Motors, 3M, Danaher, Halliburton

Wed

```
Mortgage Applications
```
```
Crude Oil Inventories
```
```
Alphabet, Tesla, IBM, ServiceNow, AT&T
```

Thu

```
Weekly Jobless Claims
```
```
Natural Gas Inventories
```

Intel, Comcast, Honeywell, Blackstone, T-Mobile

Fri

```
Manufacturing PMI
```
```
Services PMI
```
```
Verizon, Charter, Schlumberger, HCA
```

The week begins with the Leading Economic Index, which should offer another read on whether growth is stabilizing or losing momentum. Earnings also accelerate, led by Domino’s, Crown Holdings, and Zions Bancorp on Monday, followed by General Motors, 3M, Danaher, and Halliburton on Tuesday.

Wednesday brings mortgage applications and crude oil inventories, though corporate results will command attention. Alphabet, Tesla, IBM, ServiceNow, and AT&T are among the major companies reporting, giving investors important updates on artificial intelligence spending, advertising demand, enterprise technology budgets, and consumer activity.

Weekly jobless claims and natural gas inventories arrive Thursday alongside results from Intel, Comcast, Honeywell, Blackstone, and T-Mobile. The week concludes with preliminary manufacturing and services PMIs, plus new home sales. These reports will help clarify economic momentum heading into the Federal Reserve’s July meeting, while earnings from Verizon, Charter, Schlumberger, and HCA provide additional insight into communications, energy services, and healthcare demand.

-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