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Weekly Chartstopper: January 2, 2026

Ak January 3, 2026

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this week

Happy New Year everyone!

It’s been a slow week, and what little news we got mostly confirmed what we knew… layoffs are down, manufacturers are still considering tariffs, and there’s no consensus at the Federal Reserve.

At the Fed specifically, the December minutes revealed that “most” supported rate cuts, although “some” wanted no cuts, and “some” could go either way. Looking ahead, “most” want further cuts “over time,” while “some” want to keep rates steady for some time. At least they seem to “generally” agree that the labor market will “likely … stabilize” as economic growth “picks up” in 2026.[s] Above…”

For the week, the Nasdaq-100® was down 2% (although its 2025 total return was +21%!), while 10-year Treasury yields rose more than 5 basis points to 4.2%.