Hey everyone,
There should be no surprise that a good amount of the news from last week bled into this week.
So, let’s recap:
Held interest rates steady this week, maintaining a restrictive stance due to increasing uncertainty around the world and stubborn inflation. Officials also lowered their outlook on cuts, signaling that borrowing costs will remain “higher for longer”.
Key Figures:
Current Fed Funds Rate: 3.50% - 3.75%
2026 Cut Forecast: 1 (down from 2)
10-Year Yield: ~4.39% (up from ~4.26% last week)
30-Year Mortgage: 6.22% (up 0.11% from last week)
Climbed this week as supply concerns intensified due to the ongoing closure of the Strait of Hormuz. While prices saw a slight dip toward the weekend on hopes for de-escalation, they remain on track for their fifth consecutive weekly gain.
Key Figures:
Brent Oil: $112.40 (up 8.8% from last week)
WTI Crude: $98.09 (mostly unchanged)
U.S. Gas Average: ~$3.91 (up from ~$3.63 last week)
Putting them on track for their fourth consecutive weekly loss as surging oil prices and rising bond yields rattled investors. The tech-heavy Nasdaq and blue-chip Dow Jones are both nearing “correction territory,” currently sitting nearly 10% below their recent all-time highs.
Key Figures:
S&P 500: $6,506.48 (-7%)
Dow Jones: $45,577.47 (-9.7%)
Nasdaq: $21,647.61 (-9.8%)
Russel 2000: $2,438.45 (-10.3%)
That puts the Russel 2000 in correction territory.
That is where the market leaves us for now as we head into the weekend.
Make sure to be on the lookout for Monday’s post, where I will be talking about how GIFT performed this week.
It’s always a pleasure,
Brandon Parks.
Disclaimer: The information in this communication is for informational and educational purposes only and does not constitute financial, legal, or tax advice. I am not a licensed financial advisor. The views, ideas, and any security mentions expressed are my personal opinions, are subject to change, and are not a recommendation to buy or sell. No warranty is made regarding the accuracy or completeness of this information. Past performance is not indicative of future results. Investing involves risk, including the potential loss of principal. You should consult a qualified financial professional to determine the suitability of any investment for your specific situation and always conduct your own due diligence. Neither I nor Earnings Alpha shall be held liable for any losses or damages arising from any action taken based on this content. We do not currently hold positions in the securities mentioned above.