Week in review of the events impacting the markets
Sep 2, 2026
The US bombed IRGC targets at noon Eastern, and Iran fired back the same afternoon. Oil rose 5.5%, gold dropped 2.9%, and the 10-year closed at its highest level of 2026. Nobody hid. Everybody repriced.
Sep 1, 2026
The US and Iran traded strikes, a tanker took three projectiles in the Strait of Hormuz, and oil ran 3.1%. The one asset built for exactly this day did nothing at all, because Kevin Warsh got to the front of the line on Friday.
Aug 31, 2026
79,000 jobs were never there. The Fed gets one week to talk about it, then goes dark.
Aug 30, 2026
Two brothers from New York promised a healthy sea breeze and ocean ships tying up at your door. The site was a swamp fifty miles inland. The lie took about a century to come true, and the person who probably paid for it is not named on a single piece of paper.
Aug 29, 2026
Four days of gains, one Friday morning speech, and the odds of a September rate hike went from 35% to 57%.
Aug 28, 2026
Nvidia rose 8.7%, three software companies rose more than 20%, and jobless claims came in at 203,000. So the market sold its insurance the night before Kevin Warsh's first Jackson Hole keynote.
Aug 27, 2026
Hot inflation, a 4.6% growth nowcast and a $17 billion Meta settlement, and the index still finished where it started. Then Nvidia opened its mouth at 4:01.
Aug 26, 2026
Crude fell 4.58% on a meeting that produced a framework instead of a deal. Bonds took the win early, gold set another August high, and Nvidia gets to decide the rest of the week after the close.
