Weekly Market Movers | October 26, 2026

Wealth Enhancement • 5 days ago

Original source

What This Video Is About

This video series, Weekly Market Movers, provides an overview of the previous week's market movements and discusses what to watch in the markets and economy for the upcoming week. The speaker, Doug Huber, Deputy Chief Investment Officer at Wealth Enhancement, analyzes the market trends and economic data.

Major Ideas Discussed

  • The market saw a decline in major tech indices, with the Nasdaq declining about 7%, while most individual stocks outside of tech were up.
  • The S&P 500 lost about half a percent, and the Dow gained about 0.4%, with small caps up roughly 2%.
  • The market is becoming more selective, evaluating revenue growth, capital intensity, depreciation, and free cash flow conversion.
  • US business activity strengthened in October, with the flash composite purchasing managers index rising to 57.6%.
  • Weekly unemployment claims remained low, under 200,000, but housing starts declined more than 5%, and pending home sales fell about 7.3%.
  • Oil prices gained, with Brent oil finishing above $116 per barrel, affecting energy company earnings, gasoline, freight, food distribution, inflation expectations, and central bank policy.
  • Treasuries rallied, with the 10-year yield dropping below 5% to 4.99%, and credit spreads widened marginally, but credit markets remain open.

What to Watch Next

  • The Federal Reserve's decision on Wednesday, with a hold widely expected.
  • Third-quarter GDP and the Fed's preferred inflation measure will be released on Thursday.
  • Megacap earnings will be reported, including Alphabet, Microsoft, Amazon, and Intel.
  • Investors will be watching for signals on future rate increases and evaluating corporate results.
  • Brazil's election results will be watched, with potential implications for global markets.