Tracking the Trade Weekly Market Review

Week in review of the events impacting the markets

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Sep 10, 2026

Oil Hit $100 and the Market Finally Looked Up From Its Phone

Two sessions in one, because our data feed took two days off: stocks fell both days, oil ran 5.6%, the 10-year closed at its highest since 2023, and Meta started charging $20 a month for a robot assistant. Then producer prices came in hot this morning, so tomorrow's CPI just got heavier.

Sep 10, 2026

The Jobs Report Was Great, Which Is the Problem

August added 162,000 jobs versus 56,000 expected; June and July added another 55,000, and the S&P fell anyway. Hike odds jumped nine points in a day. Then everyone got a three-day weekend to sit with it, and Canada opened Tuesday by taxing your steel.

Sep 8, 2026

The Week Ahead: Nobody at the Fed Is Allowed to Talk About Friday

Two inflation prints, a tanker war, and an Apple keynote. The one institution that matters is on mute.

Sep 7, 2026

The Holiday Was Signed in the Middle of a Strike

Labor Day was not invented for mattresses. The law was signed on June 28, 1894, while the trains were stopped, a company town was on strike, and the troops had not left for Chicago yet.

Sep 6, 2026

Pay What You Can. Then Get Back on the Road.

In a Glendale driveway there is no estimate and nobody asks what you make. A dad and his teenage son have been fixing cars this way for ten years.

Sep 5, 2026

Week In Review: America Found 44,000 Jobs It Never Lost

July's 23,000 lost jobs were never lost. August tripled the forecast. The search party is still out there with flashlights.

Sep 4, 2026

The Inflation Data Won the Argument and Lost the Day

Services prices printed 72.6 against 66 expected. Then a Fed governor said he was inclined to hold; the odds of a hike fell from about 66% to roughly 55%, and the market stopped taking the data's calls. Payrolls at 7:30, then three days to sit with the answer.

Sep 3, 2026

The Fed Finally Sent Out Somebody Who Isn't Angry

ADP came in soft. Then New York's John Williams said there are no clear signs a September hike is needed. Yields backed off their intraday high, small caps ran 1.18%, and gold got up off the floor. The hike is still priced. The panic is not.

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