Weekly Market Bullets

for the week ending 10/16/2026

• US Equity Markets declined last week on renewed inflation concerns, higher oil prices, and growing skepticism about financing for AI infrastructure. The S&P 500 dropped 2.0% for the week and is now up 11.9% for the year. The Nasdaq tumbled 4.5% for the week amid a selloff in technology stocks to bring its gains for the year to 12.5%, while the Russell 2000 (small cap stocks) fell 3.1% for the week and is now up 9.7% for the year.

• Global Equity Markets were mixed last week as solid economic data in Europe was offset by AI-related selling pressures. Developed Markets were up 0.4% for the week and are now up 7.1% for the year. Emerging Markets dropped 5.5% for the week to bring its gains for the year to 14.5%.

• US Interest Rates declined despite higher inflation data. The Consumer Price Index (CPI) for September rose 3.7% from a year ago, worse than expected and up from 3.4% in August. Core CPI, which excludes food and energy prices, increased 2.6% from a year ago, also worse than projections and up from 2.4% in August. Despite that, the yield on the US 10-Year Treasury declined notably to close the week at 5.08% vs. 5.24% the prior week.

• The world's largest banks reside in.....China? According to S&P Global, Beijing is home to the banks with the most assets, with the top four banks there having assets totaling $26.7 billion. The US ranked second, with its four largest banks having assets totaling $12.6 billion. This is likely because banks play a much larger role in financing in China than in the US, where firms can raise money directly from investors.

Market Data

for the week ending 10/16/2026