08/10/2026
๐ช๐ต๐ฎ๐ ๐๐ผ ๐๐ฎ๐๐ฐ๐ต ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐๐ฒ๐ฒ๐ธ ๐ผ๐ณ ๐๐๐ด๐๐๐ ๐ญ๐ฌ, ๐ฎ๐ฌ๐ฎ๐ฒ
(Not investment advice. Informational purposes only.)
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๐ช๐ฒ๐ฑ๐ป๐ฒ๐๐ฑ๐ฎ๐ ๐๐ฃ๐ โ ๐ง๐ต๐ฒ ๐ก๐๐บ๐ฏ๐ฒ๐ฟ ๐๐๐ฒ๐ฟ๐๐ผ๐ป๐ฒ ๐ช๐ถ๐น๐น ๐๐ฒ ๐ช๐ฎ๐๐ฐ๐ต๐ถ๐ป๐ด
Headline inflation is expected at 3.4% year-over-year โ down from 3.5% in June and well below May's 4.2%. Core inflation is forecast at just 2.5%. The trend is clearly moving in the right direction.
๐๐ฎ๐๐ ๐๐ฟ๐ถ๐ฑ๐ฎ๐'๐ ๐๐ผ๐ฏ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ โ ๐๐ผ๐๐ฒ๐ฟ ๐ฟ๐ฎ๐๐ฒ๐ ๐ฐ๐ผ๐บ๐ถ๐ป๐ด?
The economy shed 23,000 jobs in July against expectations of +83,000. I mentioned last week that a lower number would be good for the market. Odds of a September Fed rate hike fell sharply after the report, and the market did LOVE this lower number.
๐๐ฎ๐๐ ๐๐ฒ๐ฒ๐ธ'๐ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฝ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ฎ๐ป๐ฐ๐ฒ - It was the opposite of July, with an impressive comeback. The S&P 500 gained 3.6% for the week, closing Friday at a record high. The Nasdaq surged 5.2% โ its best week since April โ powered by a bounce-back in chip stocks. The Dow gained 2.96%, closing above 54,000.
๐ก๐๐ถ๐ฑ๐ถ๐ฎ ๐๐๐ฟ๐ด๐ฒ๐ฑ ๐บ๐ผ๐ฟ๐ฒ ๐๐ต๐ฎ๐ป ๐ญ๐ญ% ๐น๐ฎ๐๐ ๐๐ฒ๐ฒ๐ธ after Elon Musk announced SpaceX would build its AI infrastructure exclusively around Nvidia technology.
๐ฆ๐ฝ๐ฎ๐ฐ๐ฒ๐ซ ๐ด๐ฎ๐ถ๐ป๐ฒ๐ฑ ๐ป๐ฒ๐ฎ๐ฟ๐น๐ ๐ญ๐ต% ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐๐ฒ๐ฒ๐ธ after releasing its first earnings report since going public โ revenue nearly doubled to $7.8 billion. But it was down 11% immediately after the release. True definition of volatility!
Sources: CNBC, Kiplinger, BLS, Bloomberg
