Mortgage debt is increasingly following Americans into retirement, with 41% of homeowners ages 65–79 and 31% of those 80+ still carrying a mortgage, up significantly from 1989. 1
Texas now has 57 Fortune 500 companies (more than any other state), has led the U.S. in job growth for three consecutive years, and would rank as the 8th-largest economy in the world. 2
Over the past 50 years, the S&P 500 has averaged just a 0.3% gain in August, making it the third-worst-performing month, with positive returns only 58% of the time. *3
Back-to-school and college spending is projected to reach a record $146.8 billion in 2026, up 14.5% from 2025 and 8% above the previous record in 2023. 4
Visa Business and Economic Insights - “The Great Wealth Transfer Reality Check”
Barron’s - “The New Wild West: Texas Experiments With Raw Capitalism”
MFS - “Beyond the News”
National Retail Federation - “Back-to-School Spending Expected to Reach Record Highs”
*Past performance is not indicative of future performance
Economic Calendar
Monday:
No events scheduled
Tuesday:
NFIB Index of Small Business Optimism, Existing Home Sales, Federal Reserve Bank of New York Q2 Household Debt and Credit Report
Wednesday:
CPI, Core CPI, Monthly Treasury Balance
Thursday:
Cleveland Fed President Beth Hammack speaks, Weekly Jobless Claims, PPI, Ex-Food & Energy PPI, Richmond Fed President Thomas Barkin speaks
Friday:
Retail Sales, Manufacturing & Trade Inventories, University of Michigan Preliminary Consumer Survey
US Markets*
S&P 7,774.75 -0.06%
DOW 54,034.00 -0.22%
NASDAQ 29,797.75
-0.12%
World Markets*
FTSE 10,862.50
-0.35%
NIKKEI 66,970.22 +2.08%
HANG SENG 25,937.49 +1.05%
*values as of 12:18pm EST 8/10/2026
Treasuries*
2 YR4.235%
10YR 4.692%
30 YR 5.234%
Cryptocurrencies*
BTC-USD
64,034.35
-1.76%
ETH.CM
1,872.00
-2.64%
Currencies*
Euro $1.1550
Pound $0.7395
Yen $158.9200
Commodities*
Gold 4,395.60
-0.09%
WTI Crude 79.49
+1.68%
Silver 65.40
+2.99%
Upcoming Earnings Calls
Monday - SPG, B, FERG, RKLB, ALC
Tuesday - SE, LITE, CAH, CRWV, FNV
Wednesday - CSCO, COHR, NBIS, CBRS, AMCR
Thursday - AMAT, BN, NU, JD, KB
Friday - FRHC, RLX, SIND, RMIX, SMGL
Client Focused Trading® for large institutions, pensions, hedge funds, wealthy families, and private equity for over 30 years.
Glen Eagle Wealth, LLC is a member FINRA and SIPC
This desk commentary is for informational purposes only
