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Recap | Week Ahead | Many Headlines Thumbnail

Recap | Week Ahead | Many Headlines

“Reversion to the mean is the iron rule of financial markets.” – John C. Bogle

Last week's market recap:  

  • The S&P 500 closed the week down -.42%. Year-to-date the index is up .68%
  • NASDAQ closed the week down -.94%. YTD the index is down -2.39%
  • U.S. Aggregate Bond index closed the week up .54%. YTD the index is up 1.75%
  • 10-Year Treasury Rate decreased, ending the week at 3.97% down from 4.08% the prior week
    • Fed Funds Target rate remains at 3.50-3.75% 
  • The 1-Year Treasury is yielding 3.55%  
  • A 6 Month Treasury is yielding 3.66%  

 

The week ahead:  

  • Unemployment Rate
  • Retail Sales
  • U.S.-Iran Conflict
  • Corporate Earnings:  Target, Best Buy, Broadcom, Marvell, Costco, CrowdStrike, AutoZone, and many more   

 

Quick Comments:  

So far, 2026 has seen its fair share of headlines and yet the market is implying that not a lot has changed.

  • Tariff-policy reversals, U.S. forces captured Venezuelan President, new Fed Chair nominee, A.I. disruption, and the U.S.-Iran conflict (just to name a few). 

The Middle East military escalation puts global trade routes, energy flows, and oil prices in focus. These events are often a volatility shock, but investors will watch closely if this evolves into something more persistent. 

The A.I. theme remains as a major force for the markets. Sentiment remains split as A.I. winners and losers emerge. 

  • The top 6 Mega-Cap tech companies are now cheaper than Consumer Staple. Wow!
    • Does this mean staples are expensive? Tech is cheap? Or both?  



And look at this chart… International stocks are trading 3 standard deviations from the mean vs the S&P 500. This only happens .27% of the time!



Source: DataTrak Research


As always, let us know if you have any questions.



Best,

CRA Investment Committee


Matt Reynolds CPA, CFP®

Tom Reynolds, CPA 

Robert T. Martin, CFA, CFP®

Joe McCaffrey, CFP® 

Gordon Shearer Jr., CFP® 

Jeff Hilliard, CFP®, CRPC®

Phillip Tompkins, CFP®


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