08/23/2026
Highlights from the past week and a look at the week ahead.
~US equities declined this week, with the S&P 500, Nasdaq, and Russell 2000 ending three straight weeks of gains.
~The Treasury announced it will double its long-end Treasury buyback, triggering a brief rally in longer maturities.
~The US dollar is on pace for its first quarterly decline since 2Q25's trade war turmoil.
~Next week, attention will shift back to the AI theme via earnings results from NVIDIA on Wednesday evening for insights into the demand outlook for AI infrastructure
~Warsh's Jackson Hole speech (Aug. 28) will be key as investors seek clarity on the Fed's policy stance after recent mixed messaging fueled market volatility.