Market Pulse

Aug 9

  IndexLast Week1-Month (Trailing)YTD
DJIA
      +2.99%
      +2.13%
      +12.46%
S&P 500
      +3.52%
      +3.33%
      +13.27%
Nasdaq
      +5.07%
      +3.26%
      +14.71%
Russell 2000
      +3.56%
      +1.78%
      +22.31%
MSCI EAFE
      +2.78%
      +4.18%
      +13.00%
MSCI EM
      +2.34%
      -0.20%
      +19.89%
Bloomberg U.S. Agg
      +0.41%
      -0.44%
      -0.28%
Bloomberg U.S. Corp HY
      +0.58%
      +0.13%
      +2.29%
Data as of: Friday, August 7, 2026

See important disclosures below.

Weekly Recap

08/03/2026 - 08/07/2026

U.S. Economy

July payrolls declined 23K, sharply missing expectations

Fed officials maintained hawkish stance despite weaker employment

Equity Market

S&P and Nasdaq posted strongest weeks since April

Technology surged, led by Nvidia and Microsoft

Bond Market

Treasuries rallied across curve as growth concerns increased

Thirty-year yield retreated from post-2007 highs

Around the Globe

WTI crude fell 7.7% amid Hormuz progress

Gold surged 7.1%, its best week since January

The Week Ahead…

08/10/2026 - 08/14/2026

Mon

```
Ferguson, Monday.com, Rocket Lab, Hims
```

Tue

```
NFIB Small Business Index
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Existing Home Sales
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Cardinal Health, Sea, Super Micro
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Wed

```
CPI
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Treasury Monthly Budget
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Cisco, Coherent, Grocery Outlet
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Thu

```
PPI
```
```
Weekly Jobless Claims
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Tapestry, JD.com, Birkenstock, Applied Materials

Fri

```
Retail Sales
```
```
Business Inventories
```
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Consumer Sentiment (Aug, Preliminary)
```

Investors face another important week of economic data as earnings season begins to slow. Tuesday brings the NFIB Small Business Index and existing home sales, offering insight into business sentiment and housing activity. Earnings remain active, with results from Cardinal Health, Sea, and Super Micro Computer among the notable reports.

Inflation takes center stage Wednesday and Thursday. July CPI will be closely watched for signs that price pressures are easing or reaccelerating, particularly after recent Fed commentary kept future rate hikes in focus. Thursday follows with PPI and weekly jobless claims, providing additional signals on inflation and labor-market conditions. Cisco, Tapestry, JD.com, Birkenstock, and Applied Materials also report during the week.

Friday rounds out the calendar with retail sales, business inventories, and preliminary August consumer sentiment. Retail sales should provide an important read on consumer resilience, while sentiment and inflation expectations could influence expectations for the Fed’s September policy decision.

-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