Week in review of the events impacting the markets
Oct 7, 2026
The S&P 500 closed above 7,800 for the first time ever. A power company with a Google contract jumped 12%. A beer company with nearly the same name slid after hours. Always read the ticker.
Oct 6, 2026
The Nasdaq and Nvidia closed at records because a weak jobs report talked the Fed out of an October hike. The 10-year yield closed at its highest since 2002 anyway. Somebody at this party is wrong.
Oct 5, 2026
Amazon, Walmart and Target clear the shelves. Uncle Sam clears $119 billion of IOUs at 2002 prices.
Oct 4, 2026
A 56-year-old data manager from Queens walks the city with a ladder on his back and a gym bag full of $11 basketball nets. Nobody pays him. Nobody asked him. He just can't stand a bare rim.
Oct 3, 2026
Hiring nearly stalled, so the Fed put the radar gun down. The market threw a party on the side of the road.
Oct 2, 2026
Consumer confidence hit a 12-year low the same morning Carnival posted record revenue. Then one Fed voter said "no rush."
Factory prices jumped. Two Fed voters preached patience anyway, and the 2-year yield dropped 10 basis points. Now the jobs report decides who was right.
Core PCE rose to 3.0% after the government changed how it weights three factors. Hike odds fell to about a third. The 30-year hit its highest close since 2002, anyway.
