• Michael Hoelzl
• Art Rothschild
• Kyle Tetting
• Steve Giles
• With Max Hoelzl
• Engineered by Jason Scuglik

• Nasdaq – 26518, up 629 points or 2.4%
• S&P 500 – 7501, up 69 points or 0.9%
• Dow Jones Industrial Average – 51656, up 362 points or 0.7%
• 10-year U.S. Treasury Note – 4.45%, down 0.03 point

With an abundance of economic data this week we have a lot to cover. Here’s some of the key topics and insights:

• The Iran crisis reinforced the global economy’s resilience. Markets and industries adapted, countries with strategic energy reserves fared better, energy efficiency continues to improve, and AI-related investments helped support markets during the turmoil.
• The Fed signaled a more hawkish tone under Chairman Kevin Warsh. The dot plot points to possible future rate hikes, Warsh maintained his skepticism toward forward guidance, and new internal task forces suggest a broader review of how the Fed operates without threatening its independence.
• Corporate earnings expectations remain strong. After 29.3% earnings growth in the first quarter, analysts expect 22.9% growth in the second quarter and roughly 25% growth for full-year 2026.
• Economic data continue to point to moderate but positive growth. Retail sales exceeded expectations and consumer spending remained healthy, while mixed housing and leading indicator data suggest the economy is slowing but not stalling.

• Michael Hoelzl
• Art Rothschild
• Kyle Tetting
• With Max Hoelzl
• Engineered by Jason Scuglik

• Nasdaq – 25889, up 179 points or 0.7%
• S&P 500 – 7431, up 48 points or 0.6%
• Dow Jones Industrial Average – 51202, up 336 points or 0.7%
• 10-year U.S. Treasury Note – 4.48%, down 0.06 point

With an abundance of economic data this week we have a lot to cover. Here’s some of the key topics and insights:

• SpaceX IPO dominates headlines
• Inflation concerns continue to pressure rate-cut expectations
• Rising energy prices remain the biggest inflation driver and are beginning to push food prices higher again.
• Consumer sentiment highlights strain on lower-income households
• University of Michigan survey data show lower-income consumers have been hit hardest by higher gasoline prices.
• Geographic concerns should not automatically disqualify investment opportunities. European indexes are less concentrated in technology and communication stocks, offering diversification benefits.

• Dave Sandstrom
• Tom Pappenfus
• Kyle Tetting
• With Max Hoelzl
• Engineered by Jason Scuglik

• Nasdaq – 25709, down 1263 points or 4.7%
• S&P 500 – 7384, down 196 points or 2.6%
• Dow Jones Industrial Average – 50867, down 166 points or 0.3%
• 10-year U.S. Treasury Note – 4.54%, up 0.08 point

With an abundance of economic data this week we have a lot to cover. Here’s some of the key topics and insights:

-Markets still trading on the highs and lows of the AI trade

-Friday jobs report and continued inflamatory pressures saw 10Y treasury bump past 4.5% Friday, another threat to some growth stocks

-Space X IPO is close!

-Spending growth continues from consumers across all income brands, which brings a still persistent dislocation between spending and consumer sentiment.