Week in review of the events impacting the markets
Sep 7, 2026
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
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
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
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
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.
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.
