Market Pulse

Nov 8

  IndexLast Week1-Month (Trailing)YTD
DJIA
      -0.9%
      -0.5%
      +6.7%
S&P 500
      -2.7%
      -5.7%
      +7.8%
Nasdaq
      -3.4%
      -10.9%
      +6.0%
Russell 2000
      -2.1%
      -2.7%
      +11.2%
MSCI EAFE
      -1.9%
      -0.5%
      +7.8%
MSCI EM
      -4.1%
      -8.8%
      +9.0%
Bloomberg U.S. Agg
      +0.6%
      +2.7%
      -0.1%
Bloomberg U.S. Corp HY
      +0.2%
      +0.3%
      +0.8%
Data as of: Friday, November 6, 2026, at the 4:00 p.m. ET market close

See important disclosures below.

Weekly Recap

11/02/2026 - 11/06/2026

U.S. Economy

October payroll growth significantly exceeded expectations

Midterm elections shifted control of Congress

Equity Market

Technology shares led a volatile market decline

Nasdaq underperformed as AI investment concerns intensified

Bond Market

Strong employment data reinforced higher-rate concerns

Treasury yields reflected changing December Fed expectations

Around the Globe

Asian technology markets fell sharply amid AI concerns

European markets finished mixed following a volatile week

The Week Ahead…

11/09/2026 - 11/13/2026

Mon

```
Wholesale Inventories (Sep)
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Earnings: Constellation Energy, KKR, Occidental Petroleum, Take-Two

Tue

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Consumer Price Index (Oct)
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Earnings: TransDigm, Sea Limited, CoreWeave

Wed

```
No major U.S. releases scheduled
```
```
Veterans Day: Treasury market closed
```

Thu

```
Initial Jobless Claims
```

Earnings: Brookfield, Cisco, Applied Materials

```
Fri
```
- ```
Producer Price Index (Oct)
```

Inflation returns to center stage this week following a stronger-than-expected October employment report. With the Federal Reserve holding rates steady at its October meeting and economic activity remaining resilient, investors will closely assess whether incoming price data supports another rate increase in December or leaves policymakers room to remain patient.

Tuesday’s October Consumer Price Index will be the week’s primary catalyst, followed by Friday’s Producer Price Index. The reports should provide important evidence on consumer and pipeline inflation pressures. Firmer readings could place renewed upward pressure on Treasury yields and equity valuations, while cooler inflation could temper expectations for additional tightening.

Corporate earnings will offer another test for markets following last week’s technology-driven volatility. Constellation Energy, Occidental Petroleum, Cisco, and Applied Materials are among the notable companies reporting. Technology guidance will remain particularly important as investors scrutinize AI-related capital spending and the returns generated from those investments.

-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