Weekly Market Recap
Zachary Hill, CFA®
May 26, 2026
What Happened Last Week Yield Relief: Last week saw rates fall modestly, helping the S&P
Topics
What Happened Last Week Yield Relief: Last week saw rates fall modestly, helping the S&P
What Happened Last Week Hotter Inflation: Last week’s inflation reports reflected higher energy prices, but
What Happened Last Week Narrow Leadership: While the S&P 500 continues to notch new highs,
Apart from the current energy shock, prices are looking pretty good Late last week, investors
What Happened Last Week Ceasefire Optimism: The announcement of U.S. – Iran peace talks in
What Happened Last Week Oil vs Equity Divergence: Markets rallied last week on hopes that
What Happened Last Week Energy Ultimatum: President Trump issued a deadline last Thursday for Iran
What Happened Last Week Energy Escalation: The U.S./Israeli coalition and Iran both ramped up strikes
Consumers and businesses are well-positioned to weather uncertainty One good reason to exercise and stay
What Happened Last Week Hormuz Remains Closed: The Strait of Hormuz remains closed to Western-aligned
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What Happened Last Week Fed Cuts 25 Basis Points: The Fed lowered interest rates by
What Happened Last Week Jackson Hole: Fed Chair Powell opened the door to a September
The Fed is nearing a crucial decision As Federal Reserve Board Chair Jerome Powell prepares
What Happened Last Week Labor Data: Friday’s non-farm payrolls report showed a slowing, but still
Tariffs are taxes and taxes slow economic growth. The Trump administration’s newly announced tariff policy
Consumers may be tapping the brakes on their spending The outlook for the U.S. economy
What Happened Last Week Equity Sentiment Falls: S&P 500 hits new all-time highs but small-caps
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Watch Video As stocks dip and Treasury yields climb, CIO Scott Ladner remains cautiously optimistic.
Recent election results bring a 2016 vibe back to the market, with U.S. stocks currently
Inflation concerns, rather than growth expectations, could be behind the rise in 10-year yields, especially
Chief Investment Scott Ladner joined BNN Bloomberg to discuss potential impacts of the U.S. election
OVERVIEW Stocks posted another quarter of positive returns — despite some significant volatility along the
Are you ready? All eyes are on Jerome Powell on Wednesday as investors await the
Homebuilders and housing stocks may be a smart first play for the anticipated September cut
A growing number of stocks are having their moment in the sun Everybody loves a
Will softness in housing inflation, jobs, and other metrics prompt the Fed to act soon?
What happened last week Softening Economic Data: Cooler than expected inflation data weighed on interest
What happened last week Price Action: MAG-7 leads U.S. equity indices to fresh all-time highs
What happened last week Reversion Price Action: Year-to-date equity trends continued their reversal last week;
What happened last week AI vs. the Rest: Year-to-date equity trends reversed last week as
Would a September rate cut be a political move? Chief Investment Officer Scott Ladner joined
Potential homebuyers are hitting the brakes. What could that mean for the future? Would-be homebuyers
What happened last week Stocks rose for the first time in four weeks on the
Chief Investment Officer Scott Ladner joins Mornings With Maria on Fox Business to analyze this
The greenback’s recent rally could have legs. The U.S. dollar is lighting up the charts,
There are few signs of the economic struggles predicted at Jackson Hole last year. Attention
Is the Fed’s battle to contain inflation finally done? The market seems to think so.
Categories
Topics
What Happened Last Week Yield Relief: Last week saw rates fall modestly, helping the S&P 500 Index to an eighth straight week of gains. Broader
What Happened Last Week Hotter Inflation: Last week’s inflation reports reflected higher energy prices, but were partially driven by lingering effects of the government shutdown.
What Happened Last Week Narrow Leadership: While the S&P 500 continues to notch new highs, gains remain concentrated in AI and memory-related names. Recovering Labor
Apart from the current energy shock, prices are looking pretty good Late last week, investors were hit with news of the worst inflation spike in
What Happened Last Week Ceasefire Optimism: The announcement of U.S. – Iran peace talks in Pakistan helped U.S. stocks to their best week of the
What Happened Last Week Oil vs Equity Divergence: Markets rallied last week on hopes that the conflict in the Middle East could de-escalate, even as
What Happened Last Week Energy Ultimatum: President Trump issued a deadline last Thursday for Iran to reopen the Strait of Hormuz or face strikes against
What Happened Last Week Energy Escalation: The U.S./Israeli coalition and Iran both ramped up strikes against energy infrastructure in the Gulf region. Yields Rise: Concerns
Consumers and businesses are well-positioned to weather uncertainty One good reason to exercise and stay fit is to withstand an unexpected health problem. Should trouble
What Happened Last Week Hormuz Remains Closed: The Strait of Hormuz remains closed to Western-aligned oil tankers. Capabilities Increase: Last week, the U.S. began to
What Happened Last Week Fed Cuts 25 Basis Points: The Fed lowered interest rates by 25 bps, with one voting for a larger cut Nvidia’s
What Happened Last Week Jackson Hole: Fed Chair Powell opened the door to a September rate cut in his speech on Friday at the annual
The Fed is nearing a crucial decision As Federal Reserve Board Chair Jerome Powell prepares to speak at the Fed’s annual Wyoming conference late this
What Happened Last Week Labor Data: Friday’s non-farm payrolls report showed a slowing, but still a healthy labor market. Broadcom Earnings: Broadcom (AVGO) disappointed investors
Tariffs are taxes and taxes slow economic growth. The Trump administration’s newly announced tariff policy represents a ~$600 billion tax hike, roughly twice the size
Consumers may be tapping the brakes on their spending The outlook for the U.S. economy took a hit recently—and investors will be watching carefully to
What Happened Last Week Equity Sentiment Falls: S&P 500 hits new all-time highs but small-caps and retail darlings suffer big losses. International Outperformance: The string
Watch Now
Watch Video As stocks dip and Treasury yields climb, CIO Scott Ladner remains cautiously optimistic. Unlike 2022, when inflation and interest rate hikes were the
Recent election results bring a 2016 vibe back to the market, with U.S. stocks currently leading over internationals, but inflation concerns are real. Head of
Inflation concerns, rather than growth expectations, could be behind the rise in 10-year yields, especially as prediction markets fluctuate with the election. Chief Investment Officer
Chief Investment Scott Ladner joined BNN Bloomberg to discuss potential impacts of the U.S. election on markets.
OVERVIEW Stocks posted another quarter of positive returns — despite some significant volatility along the way—with several equity market indices recording a string of record
Are you ready? All eyes are on Jerome Powell on Wednesday as investors await the Federal Reserve Board’s near-certain decision to cut the federal funds
Homebuilders and housing stocks may be a smart first play for the anticipated September cut by the Fed. Chief Investment Officer Scott Ladner joins Schwab
A growing number of stocks are having their moment in the sun Everybody loves a good comeback story: Seabiscuit. The Mighty Ducks. 493 stocks in
Will softness in housing inflation, jobs, and other metrics prompt the Fed to act soon? Those long-sought-after Fed rate cuts are looking more plausible, thanks
What happened last week Softening Economic Data: Cooler than expected inflation data weighed on interest rates; September rate cut now the base case. Equity Markets
What happened last week Price Action: MAG-7 leads U.S. equity indices to fresh all-time highs as small-caps and large-cap value decline. Softening Economic Data: Unemployment
What happened last week Reversion Price Action: Year-to-date equity trends continued their reversal last week; small caps and internationals led U.S. mega-cap technology. U.S. Debate:
What happened last week AI vs. the Rest: Year-to-date equity trends reversed last week as small-caps led mega-cap tech; quarter/month-end and specific product rebalancing flows
Would a September rate cut be a political move? Chief Investment Officer Scott Ladner joined Schwab Network to discuss potential motivators for the timing of
Potential homebuyers are hitting the brakes. What could that mean for the future? Would-be homebuyers are increasingly deciding to stay put —which could help further
What happened last week Stocks rose for the first time in four weeks on the back of strong earnings. Economic data was weak, with GDP
Chief Investment Officer Scott Ladner joins Mornings With Maria on Fox Business to analyze this week’s earnings, recession probability, and Fed decision impacts on inflation.
The greenback’s recent rally could have legs. The U.S. dollar is lighting up the charts, rallying for the past ten weeks (see the chart). That’s
There are few signs of the economic struggles predicted at Jackson Hole last year. Attention will be focused on Wyoming this week, where the 46th
Is the Fed’s battle to contain inflation finally done? The market seems to think so. Recent comments from multiple Wall Street firms and economists suggest