Weekly Market Insights | Tech Steps Back. Banks, Healthcare, and Industrials Step Forward

Stocks ended mixed as falling oil prices helped lift the Dow Industrials, while concerns about AI valuation put pressure on the broader market.

The Standard & Poor’s 500 Index fell 1.95 percent while the Nasdaq Composite Index skidded 4.60 percent. The Dow Jones Industrial Average rose 0.60 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, lost 1.33 percent.1,2

Dow Industrials Take the Lead

The S&P 500 and Nasdaq indexes were under pressure to start the week as the AI trade and tech more broadly came under scrutiny. But the Dow Industrials made a modest gain for the day.3

The rotation away from tech continued Tuesday, with large consumer stocks faring particularly well, which minimized the Dow’s decline. The S&P fell about 1.4 percent for the day, while the Nasdaq fell more than 2 percent.4

Midweek, stocks were mixed. Healthcare, financial, and industrial sectors carried the Dow to small gains on Wednesday and Thursday. Conversely, continued pressure on tech shares led the S&P and Nasdaq down, albeit at a slower pace than earlier in the week.5,6

Then markets flattened out as the week wrapped up. The slow-but-steady Dow logged its 3rd consecutive weekly gain, while the Nasdaq and S&P 500 were under steady pressure during the week.7

 
 

Inflation Update

The Fed’s preferred measure of inflation, PCE, or the Personal Consumption Expenditures Index, came in as expected for May. While the core number, which excludes energy, was at its highest level since October 2023. However, investors appeared relieved that there were no surprises.8

This Week: Key Economic Data

Tuesday: S&P Case-Shiller Home Price Index. Chicago Business Barometer. Consumer Confidence. Job Openings/Labor Turnover.

Wednesday: ADP Employment Report. Purchasing Managers Index (PMI)—Manufacturing. Institute for Supply Management (ISM)—Manufacturing. Construction Spending.

Thursday: Employment Report. Weekly Jobless Claims. Factory Orders. 

Source: Investors Business Daily - Econoday economic calendar; June 26, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.

This Week: Companies Reporting Earnings

Tuesday: Nike, Inc. (NKE)

Wednesday: General Mills, Inc. (GIS) 

Source: Zacks, June 26, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.

"True originality consists not in a new manner but in a new vision."

– Edith Wharton

Use AI as Your Personal Tour Guide

Planning a trip, or already on one? AI makes for a surprisingly great tour guide. Try asking something like: "I'm at [location] — what's the best route to see the highlights, and what's the history behind each one?" With voice mode enabled, it's like having a knowledgeable companion right in your ear.

Tip adapted from creatoreconomy.so9

4 Benefits of Yoga

In addition to helping you finally touch your toes, yoga may confer many other benefits, from helping you relax to even potentially helping your heart health. Below are some other potential benefits of yoga:

  • Yoga can decrease stress and promote relaxation. Becoming more in tune with your body and where you hold stress is rewarding.
  • Yoga may also be able to relieve anxiety. In one study, 34 women diagnosed with an anxiety disorder participated in yoga classes twice weekly for two months. At the end of the study, those who had practiced yoga had significantly lower levels of anxiety than the control group.
  • Yoga may help improve heart health and reduce several risk factors for heart disease. One study found that participants over 40 who practiced yoga for five years had lower blood pressure and pulse rates than those who did not.
  • Lastly, yoga may help fight depression; this may be because yoga can decrease cortisol levels, a stress hormone that influences serotonin levels, the neurotransmitter frequently associated with depression.

Tip adapted from Healthline10

What has a foot on each side and yet another foot in its middle?

Last Week's Riddle: What force and strength cannot get through, it with gentle touch can do. People in many halls would stand were it not in their hand. What is it?

Answer: A key.

Benidorm 

Alicante Province, Spain

 

Footnotes And Sources

1. WSJ.com, June 26, 2026
2. Investing.com, June 26, 2026
3. CNBC.com, June 22, 2026
4. CNBC.com, June 23, 2026
5. CNBC.com, June 24, 2026
6. CNBC.com, June 25, 2026
7. WSJ.com, June 26, 2026
8. CNBC.com, June 25, 2026
9. creatoreconomy.so, June 25, 2025
10. Healthline, November 18, 2025 

Weekly Market Insights | Peace Talks and Moonshot IPO Rescue the Week

Stocks moved higher last week as inflation jitters gave way to investor enthusiasm over Middle East diplomatic efforts and the largest-ever initial public offering (IPO).
The Standard & Poor’s 500 Index rose 0.65 percent, while the Nasdaq Composite Index advanced 0.70 percent. The Dow Jones Industrial Average gained 0.66 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, added 0.92 percent.1,2

War, Peace & Space
Stocks were mixed on the first day of the week. Chip stocks led advances by the S&P 500 and Nasdaq, while the Dow Industrials sagged.3
The script flipped in the next session, as the chip stock fizzled despite a drop in oil prices. The S&P and Nasdaq slipped, while the Dow Industrials gained. Materials and consumer discretionary and real estate sectors led, with the latter rising on better-than-expected existing home sales.4
Stocks fell broadly midweek as investors reacted to the May CPI report, which showed year-over-year consumer inflation ticked up to 4.2 percent.5
But then sentiment turned positive again on Thursday after the White House gave an update on its ongoing diplomatic efforts in the Middle East.6
The week wrapped on a positive note, as the largest IPO appeared to boost investor enthusiasm, particularly for AI, and there were more updates on the Middle East.7
 
 
Inflation Update  
While year-over-year inflation rose to a 3-year high due to higher energy prices, Wall Street found some silver linings in the May report.
First, investors saw this coming. The 4.2 percent “headline” inflation matched market expectations, so the news was welcomed. Second, core inflation rose 2.9 percent over the prior 12 months, in line with forecasts.
Third, month-over-month CPI cooled slightly, giving investors hope that energy prices may have peaked.8
This Week: Key Economic Data
Monday: Industrial Production. Capacity Utilization.
Tuesday: Import Prices. Housing Starts. Building Permits.
Wednesday: Retail Sales. Pending Home Sales. Home Builder Confidence Index. Business Inventories. FOMC Interest Rate Decision. Fed Chair Warsh Press Conference.
Thursday: Weekly Jobless Claims. 
Friday: The Stock Market will be closed for the Juneteenth Holiday.
Source: Investors Business Daily - Econoday economic calendar; June 12, 2026. The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.
This Week: Companies Reporting Earnings
Thursday: Accenture (ACN) 
Source: Zacks, June 12, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.
"We are what we repeatedly do. Excellence, then, is not an act, but a habit."
– Aristotle
Protect Your Tax Data
The Internal Revenue Service (IRS) shared guidelines for tax pros to protect taxpayer data, but these principles are sound for everyone to follow.
Antivirus software: This software scans computer files for malicious software (malware) on the device. Antivirus vendors find new issues and update malware daily. Always install the latest software updates on your computer.
Two-factor authentication: This adds an extra layer of protection beyond just a password. Not only do you enter your username and password, but you also enter a security code that the service provider can send to another device for extra protection.
Drive encryption: Encrypts sensitive data into unreadable code that unauthorized users cannot easily decipher, so only authorized users can access it. 
This information is not a substitute for individualized tax advice. Please consult with a qualified tax professional to discuss your specific tax issues.
Tip adapted from IRS.gov9
Skincare Tips
The first and most important tip is always to wear sunscreen, even if you spend little time in the sun. Some skincare products, including makeup, contain sunscreen, but you should also consider using a moisturizer with at least SPF 30 for extra protection. 
Another tip is to lighten up your skincare routine. If you're spending time outside exerting yourself, you might not need as much makeup or products as you do for indoor activities.
Tip adapted from Allure10
Your mother’s brother’s only brother-in-law is taking a picture of you. How is he more closely related to you?
Last Week's Riddle: On a summer day, two fathers and two sons went fishing, and each one of them caught one fish. Why did they return home with just three fish?
Answer: Because it was a grandfather, a father, and a son who went fishing.
A tower of giraffes (Giraffa camelopardalis camelopardalis)
Maasai Mara National Reserve, Kenya
Footnotes And Sources
1. WSJ.com, June 12, 2026
2. Investing.com, June 12, 2026
3. CNBC.com, June 8, 2026
4. CNBC.com, June 9, 2026
5. WSJ.com, June 10, 2026
6. CNBC.com, June 11, 2026
7. CNBC.com, June 12, 2026
8. WSJ.com, June 10, 2026 
9. IRS.gov, December 4, 2025
10. Allure.com, February 23, 2026 

Weekly Market Insights | Markets Stumble Last Week, But the Jobs Picture Stays Bright

Stocks slumped last week as investors winced over the potential for oil-shock inflation and concerns that strong jobs data could lead to higher interest rates.

The Dow Jones Industrial Average slipped 0.32 percent, while the Standard & Poor’s 500 Index dropped 2.59 percent. The Nasdaq Composite Index fell 4.68 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, slid 1.41 percent.1,2

Under Pressure

June kicked off with modest gains as a tech rally overcame rising oil prices. On Monday, all 3 averages logged new all-time intraday highs and record closes. The S&P 500 recorded its first close above 7,600 on Tuesday, while the Dow advanced nearly a half percentage point.3

But stocks fell midweek as oil prices rose further. The S&P 500 broke its nine-day winning streak as investors fretted about the inflationary effects of the Middle East. By Wednesday’s close, the S&P and Dow Industrials had given back all the gains from the start of the week.4,5

On Friday, a stronger-than-expected jobs report prompted worries that the Fed may have to adjust short-term interest rates. Markets fell broadly, with the S&P down over 2½ percent for the session and the Nasdaq down over 4 percent.6

 
 
May Jobs
The federal government’s nonfarm payrolls report was out on Friday. The economy added 172,000 jobs in May, more than double what economists expected.7
Employers were playing catch-up after pausing hiring amid last year’s trade policy uncertainties and federal government budget cuts. Unemployment remained at 4.3 percent for the month. ADP’s report on private-sector hiring, released Wednesday, tracked similarly to the federal data.7
This Week: Key Economic Data
Tuesday: NFIB Small Business Optimism Index. U.S. Trade Balance. Existing Home Sales. Wholesale Inventories.
Wednesday: Consumer Price Index (CPI). Federal Budget.
Thursday: Weekly Jobless Claims. Producer Price Index (PPI).
Friday: Consumer Sentiment. 
Source: Investor’s Business Daily - Econoday economic calendar: June 5, 2026.
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to provide accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts are also subject to revision.
This Week: Companies Reporting Earnings
Wednesday:  Oracle Corporation (ORCL) 
Thursday: Adobe Inc. (ADBE)
Source: Zacks, June 5, 2026. Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your goals, time horizon, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule their earnings reports without notice.
“What you do makes a difference, and you have to decide what kind of difference you want to make.”
–Jane Goodall
Is It Time for a Paycheck Checkup?
Paycheck checkups are a great practice when something happens in your life that may change your tax status, such as getting married or divorced, having a baby, getting a new job, or getting a raise or promotion. You can also adjust your withholding status if you want to change the tax withheld due to other circumstances. 
Other factors can also be checked during your paycheck checkup, such as how much you contribute to your health insurance and retirement. These expenses can also impact your tax liability.
This information is not a substitute for individualized tax advice. Please consult with a qualified tax professional to discuss your specific tax issues.
Tip adapted from IRS.gov8
5-Minute Core-Strengthening Workout
Even if you only have a little time to dedicate to a core workout, this circuit will get you going and only takes 5 minutes. Here are the moves:
  • 1-minute high plank: Your hands are on the ground, your arms are straight, and you are holding your body up with your arms and a tight core. 
  • 30-second side plank on each side: One hand is on the ground, your arm is straight, and the other is in the air. You can do a side plank with your feet stacked on each other (most challenging), your feet staggered (a little easier), or your bottom knee on the ground. 
  • 1-minute boat pose: Your feet are in the air, and your arms are by your side, reaching to your feet. You can pose with your legs bent (easier) or straight out (harder). 
  • 1-minute crunches: Lift your shoulders and upper back off the ground without pulling your neck.
  • 1-minute dead bug: Lie on your back and alternate, extending the opposite arm and leg simultaneously.
Tip adapted from Nourish Move Love9
On a summer day, two fathers and two sons went fishing, and each one of them caught one fish. Why did they return home with just three fish?
Last Week's Riddle: It traveled from Kentucky to Texas in three days, and it did so while staying in a corner. What is it?
Answer: A stamp.
Zambezi River at Victoria Falls, Matabeleland North, Zimbabwe
Victoria Falls, Matabeleland North, Zimbabwe
Footnotes And Sources
1. WSJ.com, June 5, 2026
2. Investing.com, June 5, 2026
3. CNBC.com, June 1, 2026
4. CNBC.com, June 3, 2026
5. CNBC.com, June 4, 2026
6. WSJ.com, June  5, 2026
7. WSJ.com, June 5, 2026
8. IRS.gov November 28, 2025
9. Nourishmovelove.com February 23, 2026

The Cracking Foundation of the American Consumer

The Shifting Ground of the American Consumer: Finding Opportunity in Change
The economic landscape is undergoing a significant transformation, and understanding these shifts is key to positioning your portfolio for what comes next. While headline numbers often mask the details, a closer look at household finances reveals that the consumer environment is entering a new, more selective phase.
This financial recalibration is no longer just affecting a single demographic; it is moving across various income brackets as households adjust to a higher-for-longer interest rate environment. High inflation combined with restrictive interest rates has led even upper-middle-class households to reevaluate their balance sheets. For instance, stories are surfacing of professionals earning near $200,000 annually who are actively managing five-figure credit card balances with interest rates upwards of 26%. Rather than a crisis, this signals a broader trend of households adapting to the reality of more expensive capital.

Mapping the New Consumer Landscape
To navigate this market effectively, it helps to track exactly where household capital is flowing and where pressure points are developing:
As student loan obligations fully resume, the personal savings rate has normalized toward historic baselines. Consumers are still actively participating in the economy, but they are increasingly relying on strategic credit use to maintain their lifestyles.

Navigating the New Economic Balance
For decades, the standard financial playbook relied on low borrowing costs, rising asset values, and easy debt rollovers. What looked like pure economic resilience over the past year was often just an intentional use of leverage by consumers.
This credit-driven model naturally slows down when real interest rates remain positive. While leverage can sustain retail spending for a time, elevated interest costs eventually cause households to become more discerning with their cash flow. This transition typically follows a healthy, corrective path:
We are seeing this consumer mindfulness reflected in recent surveys. About 60% of Americans report that they are budgeting more carefully for leisure and summer travel, keeping a closer eye on restaurant and fuel costs. Rather than a complete pullback, this represents a healthy "flight to value" as families prioritize what matters most to them.

Portfolio Strategy: Pivoting Toward Resilience
This period of consolidation offers an excellent opportunity to fine-tune your investments. Because consumer spending represents roughly 70% of U.S. GDP, a more calculated consumer means the market will reward stability over pure speculation.
If equity markets experience a natural breather, protecting your accumulated gains becomes the top priority. In this environment, we favor shifting away from high-flying, momentum-driven segments that rely heavily on ultra-cheap credit.
Instead, look toward historically resilient sectors that tend to anchored during economic transitions. Assets like high-quality bonds, gold, consumer staples, defensive equity sectors, and the equal-weighted S&P 500 offer a compelling alternative to richly valued tech or speculative growth names. While a broader market shift affects all assets temporarily, these defensive sectors are structured to weather the noise remarkably well.
In a maturing market cycle, capturing steady, resilient growth and preserving your capital is far more rewarding than chasing the volatile tail-end of a risk rally.
Sources & Data References:

Weekly Market Commentary

The Markets
It was a record-setting month.

“Sell in May and Go Away” was an investment strategy promoted by the Stock Trader's Almanac. The idea was based on historic research that suggested holding stocks, as represented by the Dow Jones Industrial Average (Dow), from November to April delivered better returns than holding stocks all year round.

“What [the research] didn't note is that if one used the S&P 500 index, which dates to 1927, one would have found the opposite: the summers almost always outperformed the winters,” reported Troy Segal of Investopedia.

This year, most investors were happy with stock performance in May as the United States delivered one of the strongest monthly performances on record. Martin Baccardax of Barron’s explained, “The S&P 500…was on pace to power more than 5 [percent] higher…marking one of the best performances in May since the 1950s, on the back of surging chip and tech stocks that have carried markets through the worst of the U.S. war with Iran.”

However, the performance comes with an important caveat. Market breadth – the number of stocks participating in the rally – was low. A source cited by Connor Smith of Barron’s stated:

“While the overall market is at all-time peaks, only two of the eleven sectors have managed to reach that status…It is a very rare situation indeed to be talking about a stock market at record highs at the same time that the Financials, of all sectors, are very nearly in correction mode (down nearly -10 [percent] from the record highs).”

Last week, major U.S. stock indexes finished the month at record highs amid strong company earnings reports and hopes for peace between the U.S. and Iran, reported Avi Salzman of Barron’s. Yields on intermediate- and longer-term maturities of U.S. Treasuries moved lower over the week.

WHAT’S THE RIGHT WITHDRAWAL RATE IN RETIREMENT? One of the most common questions in retirement planning is also one of the most difficult to answer: How much can I safely withdraw from my portfolio each year? Many people hope for a simple answer, a percentage that will work for everyone, but different people have different needs.

The answer may be found between 3.9 percent and 5.7 percent

According to Morningstar’s The State of Retirement Income: 2025, a new retiree seeking a stable, inflation-adjusted income over a 30-year retirement could start with a withdrawal rate of about 3.9 percent. The estimate assumed the retiree’s portfolio was invested 30 to 50 percent in stocks with the rest in bonds and/or cash.

“Because a 3.9 [percent] withdrawal rate—or just $39,000 on a $1 million portfolio—might be a bitter pill to swallow for new retirees, we also examined how flexible strategies can help boost starting safe withdrawal rates. Flexible strategies are effective because they help to prevent retirees from overspending in periods of market weakness, while giving them a raise in stronger market environments,” reported Amy C. Arnott, Christine Benz, and Jason Kephart of Morningstar.

The researchers found that retirees who are willing to make modest spending adjustments over time may be able to support higher withdrawal rates. Some spending strategies supported initial withdrawal rates approaching 5.7 percent. However, the strategies generally required retirees to accept the possibility of variable income in each year of retirement.

Retirement income is not a simple math problem
Your retirement income strategy will reflect your lifestyle and legacy goals, as well as other factors. One retiree may prefer a stable income and choose a more conservative initial withdrawal rate, while another may be comfortable with variable income and choose to make systematic adjustments to spending. Retirement planning often involves tradeoffs.

If you would like to talk about your plan or discuss retirement income strategies, get in touch. We’re here for you.

WEEKLY FOCUS – THINK ABOUT IT
“Chinese farm owner Zuo Xiaoyong was stunned to see his job ad for shepherds to work in the remote and rugged grasslands south of Mongolia becoming the day's top trending social media post. More than 700 people applied for the two positions, ‌including white-collar employees from megacities Shanghai and Chongqing, factory workers across China, and even university graduates…the shepherds would each get 8,000 yuan ($1,178) per month, well above the national urban average in private companies of roughly 6,000 yuan, and have accommodation and groceries provided.”
― Liangping Gao and Marius Zaharia, Reuters via Yahoo!, May 27, 2026

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