Market Pulse

Aug 22

  IndexLast Week1-Month (Trailing)YTD
DJIA
      -0.92%
      +1.94%
      +10.77%
S&P 500
      -1.44%
      +2.19%
      +12.10%
Nasdaq
      -2.17%
      +1.20%
      +12.50%
Russell 2000
      -1.73%
      +0.94%
      +21.49%
MSCI EAFE
      -0.36%
      +4.03%
      +12.73%
MSCI EM
      +0.88%
      +2.84%
      +22.82%
Bloomberg U.S. Agg
      +0.07%
      +0.09%
      -0.17%
Bloomberg U.S. Corp HY
      -0.18%
      +0.39%
      +2.41%
Data as of: Friday, August 21, 2026

See important disclosures below.

Weekly Recap

08/17/2026 - 08/21/2026

U.S. Economy

U.S. debt surpassed $40 trillion for first time

Treasury doubled long-bond buybacks amid rising yields

Equity Market

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S&P 500 fell 1.4% for the week
```

Nasdaq declined 2.1% as technology shares weakened

Bond Market

Ten-year Treasury yield ended near 4.74%

Thirty-year Treasury yield climbed above 5.27%

Around the Globe

Oil surged roughly 7.0% amid Iran tensions

Nikkei fell 4.0%, STOXX 600 declined 1.0%

The Week Ahead…

08/24/2026 - 08/28/2026

Mon

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PDD Holdings earnings
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Asia CPI year-over-year
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Tue

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New Home Sales
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Consumer Confidence
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Dick’s Sporting Goods, Intuit earnings

Wed

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Core PCE
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GDP first revision
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Nvidia, Salesforce, CrowdStrike, HP earnings

Thu

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Wholesale Inventories (Preliminary)
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Autodesk, Marvell, Ulta, Workday earnings

Fri

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Chicago PMI
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Michigan Consumer Sentiment (Final)
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This week starts quietly, with the calendar building quickly into Tuesday and Wednesday. Consumer Confidence and New Home Sales on Tuesday will offer a fresh read on household demand and housing activity, while earnings from Dick’s Sporting Goods and Intuit provide additional insight into consumer and business spending.

Wednesday is the key day for markets. Core PCE will be closely watched for inflation trends, while the first revision to GDP will refine the picture of second-quarter growth. Nvidia headlines a major technology earnings slate alongside Salesforce, CrowdStrike and HP, making the session especially important for assessing AI demand, enterprise spending and broader technology leadership.

Thursday brings preliminary Wholesale Inventories and another group of corporate results, including Autodesk, Marvell, Ulta and Workday. The week closes Friday with Chicago PMI and final Michigan Consumer Sentiment, giving investors additional signals on manufacturing conditions and the consumer outlook heading into September.

-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