Market Pulse

Aug 16

  IndexLast Week1-Month (Trailing)YTD
DJIA
      -0.48%
      +2.42%
      +11.89%
S&P 500
      +0.33%
      +3.18%
      +13.70%
Nasdaq
      -0.01%
      +2.23%
      +14.83%
Russell 2000
      +0.97%
      +3.35%
      +23.46%
MSCI EAFE
      +0.03%
      +4.45%
      +13.07%
MSCI EM
      +1.38%
      +1.33%
      +21.63%
Bloomberg U.S. Agg
      +0.13%
      +0.09%
      +0.04%
Bloomberg U.S. Corp HY
      +0.19%
      +0.62%
      +2.64%
Data as of: Friday, August 14, 2026

See important disclosures below.

Weekly Recap

08/10/2026 - 08/14/2026

U.S. Economy

Hawkish Fed rhetoric reduced expected year-end rate cuts

September hike odds fell after cooler inflation data

Equity Market

Earnings calendar shifts toward major consumer discretionary companies

Walmart, Home Depot, Target highlight upcoming earnings slate

Bond Market

Markets price just 22.7 basis points of cuts

Year-end easing expectations fell six basis points weekly

Around the Globe

European inflation and unemployment data headline regional releases

Canada inflation and Asian economic data remain in focus

The Week Ahead…

08/17/2026 - 08/21/2026

Mon

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Empire Manufacturing Index
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NAHB Housing Market Index
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TIC Flows
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Tue

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Housing Starts
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Industrial Production
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Home Depot, Baidu, Toll Brothers, Keysight earnings

Wed

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FOMC Minutes
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Lowe’s, Target, TJX, Analog Devices, Estée Lauder earnings

Thu

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Weekly Jobless Claims
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```
Philadelphia Fed Index
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Walmart, Deere, Alibaba, Ross Stores earnings

Fri

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Manufacturing PMI
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Services PMI
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BJ’s Wholesale earnings
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Markets enter the week with attention shifting from inflation toward housing, Fed policy, and the health of the consumer. Recent softer inflation readings have reduced expectations for additional Fed tightening, making Wednesday’s FOMC minutes an important window into policymakers’ thinking and the balance of risks heading into September.

Housing takes center stage early, with Monday’s NAHB Housing Market Index followed by Tuesday’s housing starts, building permits, and pending home sales. Friday’s preliminary manufacturing and services PMIs will then provide a broader look at August economic momentum and whether growth is holding up as financial conditions remain restrictive.

Earnings are increasingly retail-focused as the broader reporting season winds down. Home Depot, Lowe’s, Target, TJX, Walmart, and Ross Stores will offer important reads on consumer spending, while Deere provides additional insight into industrial and agricultural 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