Market Pulse

Sep 6

  IndexLast Week1-Month (Trailing)YTD
DJIA
      -0.27%
      -1.24%
      +11.13%
S&P 500
      +0.09%
      +1.55%
      +12.75%
Nasdaq
      +0.40%
      +2.29%
      +14.05%
Russell 2000
      +0.11%
      -2.02%
      +19.89%
MSCI EAFE
      -0.22%
      +0.96%
      +11.98%
MSCI EM
      +0.24%
      +4.55%
      +22.93%
Bloomberg U.S. Agg
      -0.51%
      -0.35%
      -0.40%
Bloomberg U.S. Corp HY
      -0.23%
      +0.25%
      +2.57%
Data as of: Friday, September 4, 2026

See important disclosures below.

Weekly Recap

08/31/2026 - 09/04/2026

U.S. Economy

August payrolls surged 162K, sharply beating expectations.

Fed hike expectations rose after strong jobs report.

Equity Market

S&P 500 and Nasdaq posted modest weekly gains.

Semiconductors outperformed as AI optimism supported technology.

Bond Market

Treasury yields rose modestly across the curve.

Two-year yields rose 2bps, ten-year yields 5bps.

Around the Globe

WTI crude surged 9.7% amid Iran uncertainty.

Yen strengthened amid intervention speculation and hawkish BoJ signals.

The Week Ahead…

09/07/2026 - 09/11/2026

```
Mon
```
- ```
U.S. markets closed — Labor Day
```

Tue

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NFIB Small Business Index
```
```
Consumer Credit
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Casey's, UNFI, ABM earnings
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Wed

```
MBA Mortgage Applications
```
```
DOE Crude Inventories
```
```
Chewy, Signet, American Eagle earnings
```

Thu

```
PPI (Aug)
```
```
Weekly Jobless Claims
```
```
Adobe, Oracle, Copart, Macy's earnings
```

Fri

```
CPI (Aug)
```
```
Michigan Consumer Sentiment (Sep)
```
```
Kroger earnings
```

Markets return from the Labor Day holiday to a busier calendar, with attention quickly shifting back to inflation and the Federal Reserve. After August payrolls rose a stronger-than-expected 162,000, investors will be particularly sensitive to whether inflation data reinforce or challenge expectations for additional tightening.

Tuesday brings the NFIB Small Business Index and consumer credit, while Wednesday is relatively light outside mortgage applications. The calendar accelerates Thursday with PPI, weekly jobless claims and several major earnings reports, including Adobe, Oracle, Copart and Macy’s. Treasury supply will also remain in focus after yields moved modestly higher last week.

Friday’s August CPI report is the key event. Core inflation is expected to remain firm, making the release an important input ahead of the September Fed decision. Preliminary Michigan consumer sentiment will provide an additional read on households and inflation expectations. Earnings season is quieter overall, with Kroger among Friday’s notable reporters.

-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