10/10/2026
Highlights from the past week and a look at the week ahead.
~US equities were mostly higher this week following last week's mostly lower performance. US equities remained resilient near record highs, with improving breadth and stabilizing rates helping steady some volatility around the AI trade.
~The S&P 500 is expected to deliver 29%YoY EPS growth in 3Q26—the 3rd straight quarter of at least 25% growth.
~Fueled by record imports, the trade deficit in August reached $105.6B—the widest since March 2025.
~This week's FOMC minutes confirmed there was broad support for September's rate hike.
~Next week marks the ‘unofficial' start to the 3Q26 earnings season, highlighted by results from the largest US banks (J.P. Morgan, Bank of America, etc.)