Market Pulse

Sep 20

  IndexLast Week1-Month (Trailing)YTD
DJIA
      -1.63%
      -3.05%
      +7.60%
S&P 500
      -0.18%
      -0.63%
      +11.65%
Nasdaq
      +0.52%
      +0.69%
      +13.89%
Russell 2000
      -1.68%
      -5.40%
      +15.03%
MSCI EAFE
      -1.65%
      -2.17%
      +9.28%
MSCI EM
      -1.39%
      +2.38%
      +22.27%
Bloomberg U.S. Agg
      +0.36%
      -0.74%
      -1.07%
Bloomberg U.S. Corp HY
      -0.08%
      -0.44%
      +1.93%
Data as of: Friday, September 18, 2026

See important disclosures below.

Weekly Recap

09/14/2026 - 09/18/2026

U.S. Economy

Fed raised rates 25 basis points, signaling further tightening

August retail sales beat expectations, showing resilient consumer demand

Equity Market

Major U.S. indices fell, while Nasdaq posted weekly gain

Software outperformed as investors rotated away from AI leaders

Bond Market

Ten-year Treasury yield neared 5% after post-GFC high

Twenty-year Treasury auction tailed amid weak foreign demand

Around the Globe

WTI ended slightly higher despite volatile Middle East headlines

BoE held rates, signaling growing inflation-driven tightening risks

The Week Ahead…

09/21/2026 - 09/25/2026

```
Mon
```
- ```
Goolsbee economic outlook remarks
```

Tue

```
AutoZone, KB Home
```
```
API Crude Inventories
```

Wed

```
Manufacturing PMI (Sep, Preliminary)
```
```
Services PMI (Sep, Preliminary)
```
```
General Mills, Paychex, Cintas
```

Thu

```
Trump-Xi White House meeting
```
```
Weekly Jobless Claims
```
```
Costco, Darden Restaurants, BlackBerry
```

Fri

```
Durable Orders
```
```
Consumer Sentiment (Sep, Final)
```

Markets enter a quieter earnings week, putting greater emphasis on economic data and geopolitics. Wednesday’s preliminary manufacturing and services PMIs will provide a timely read on U.S. business activity following the Federal Reserve’s recent 25-basis-point rate increase and hawkish guidance suggesting additional tightening remains possible.

Thursday takes center stage with President Trump scheduled to meet Chinese President Xi Jinping in Washington. Trade, tariffs, critical minerals, technology, and broader U.S.-China economic relations are expected to feature prominently in discussions. Weekly jobless claims and new home sales will also provide fresh readings on labor and housing conditions, while Costco, Darden Restaurants, and BlackBerry report earnings.

Friday closes the week with durable goods orders and the final September consumer sentiment reading. Together, these releases should help investors assess business investment, consumer confidence, and whether economic resilience can withstand higher interest rates and persistent inflation pressures.

-Matt Shaw, CFA

Like this update? Sign up for our Daily Market Update.

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