Market Pulse

Aug 29

  IndexLast Week1-Month (Trailing)YTD
DJIA
      +0.49%
      +1.50%
      +11.39%
S&P 500
      +0.45%
      +3.77%
      +12.61%
Nasdaq
      +0.83%
      +6.12%
      +13.58%
Russell 2000
      -1.33%
      +0.81%
      +19.97%
MSCI EAFE
      -0.57%
      +3.60%
      +12.07%
MSCI EM
      -0.04%
      +7.58%
      +22.63%
Bloomberg U.S. Agg
      +0.46%
      +0.22%
      +0.11%
Bloomberg U.S. Corp HY
      +0.36%
      +1.13%
      +2.81%
Data as of: Friday, August 28, 2026

See important disclosures below.

Weekly Recap

08/24/2026 - 08/28/2026

U.S. Economy

Warsh reinforced 2% inflation target, lifting September hike odds

US imposed 50% tariffs on $20B of Canadian goods

Equity Market

S&P 500 rose 0.5%, though breadth remained narrow

Software surged 5.9%, led by strong earnings reactions

Bond Market

Treasuries were mixed, with the curve flattening

Two-year Treasury yield jumped 12 basis points Friday

Around the Globe

WTI crude fell 4.2% as Hormuz transit improved

Canada retaliated with 50% tariffs on U.S. products

The Week Ahead…

08/31/2026 - 09/04/2026

Mon

```
Science Applications International
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Eurozone Preliminary CPI
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Japan Corporate Capex
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Tue

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Medtronic, Dell, Palo Alto Networks
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ISM Manufacturing Index
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JOLTS Job Openings
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Wed

Broadcom, Snowflake, NetApp, C3.ai, Five Below

```
ADP Employment Report
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```
Factory Orders
```

Thu

Lululemon, DocuSign, Zscaler, Samsara, UiPath

```
ISM Services Index
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```
Trade Balance
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Fri

```
Nonfarm Payrolls
```
```
Unemployment Rate
```
```
Average Hourly Earnings
```

The week ahead will be dominated by the labor market, with Friday’s August jobs report providing the most important read on employment conditions. Investors will focus on nonfarm payrolls, unemployment, and wage growth for clues on whether labor-market momentum is strong enough to support the Fed’s increasingly cautious stance on inflation.

Earlier in the week, Tuesday’s ISM Manufacturing Index and JOLTS report will provide insight into business activity and labor demand. Wednesday brings ADP employment and factory orders, followed Thursday by the ISM Services Index and trade balance. Together, these releases should help shape expectations ahead of Friday’s payroll data.

Earnings activity continues to wind down, though several notable technology companies remain on the calendar. Dell and Palo Alto Networks report Tuesday, followed by Broadcom and Snowflake Wednesday. Thursday features Lululemon, DocuSign, Zscaler, Samsara, and UiPath as investors assess corporate demand and technology spending 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