Market Pulse

Jul 26

  IndexLast Week1-Month (Trailing)YTD
DJIA
      -0.50%
      +0.07%
      +7.95%
S&P 500
      -0.77%
      +0.58%
      +8.11%
Nasdaq
      -2.28%
      -2.11%
      +7.30%
Russell 2000
      -0.97%
      -1.78%
      +18.20%
MSCI EAFE
      +0.06%
      +1.11%
      +7.67%
MSCI EM
      +0.09%
      -5.80%
      +15.79%
Bloomberg U.S. Agg
      -0.85%
      -1.51%
      -0.68%
Bloomberg U.S. Corp HY
      -0.55%
      -0.22%
      +1.54%
Data as of: Friday, July 24, 2026

See important disclosures below.

Weekly Recap

07/20/2026 - 07/24/2026

U.S. Economy

Jobless claims fell to lowest level since 1969

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Trump reimposed tariffs up to 12.5%
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Equity Market

Major U.S. indices declined for second consecutive week

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Tesla and Alphabet led megacap losses
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Bond Market

Ten-year Treasury yield crossed above 4.70%

Treasury curve flattened as oil and fiscal concerns rose

Around the Globe

WTI crude surged 12.7% amid escalating Iran conflict

ECB held rates, signaling possible September hike

The Week Ahead…

07/27/2026 - 07/31/2026

Mon

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Durable Orders (Jun)
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Cadence Design Systems, F5, Whirlpool
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Tue

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Consumer Confidence (Jul)
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FHFA Home Price Index
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Boeing, Coca-Cola, PayPal, UPS, Visa
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Wed

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FOMC Rate Decision
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Warsh Press Conference
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Microsoft, Meta, Qualcomm, Starbucks, Chipotle

Thu

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GDP (Q2)
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Core PCE (Jun)
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Apple, Amazon, Mastercard, Coinbase, Roblox

Fri

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Employment Cost Index
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Consumer Sentiment (Jul, Final)
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AbbVie, Exxon Mobil, Chevron, Colgate
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Markets enter a pivotal week with investors balancing a packed earnings calendar against several major economic releases. Monday’s durable goods orders will offer an early read on business investment, while Tuesday’s consumer confidence and home price data should provide additional insight into household resilience and housing conditions.

The Federal Reserve takes center stage Wednesday, with policymakers announcing their latest rate decision before Chair Warsh’s press conference. Markets will closely watch for any shift in guidance as elevated oil prices renew inflation concerns. Earnings from Microsoft, Meta, Qualcomm, Starbucks, and Chipotle will also help shape sentiment around technology spending and consumer demand.

Thursday brings the busiest session, featuring second-quarter GDP, core PCE inflation, and results from Apple, Amazon, Mastercard, Coinbase, and Roblox. The week concludes Friday with the Employment Cost Index and final consumer sentiment reading, alongside earnings from AbbVie, Exxon Mobil, Chevron, and Colgate. Together, the releases should clarify growth, inflation, and corporate profit trends.

-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