Weekly Update: July 13, 2026

What we learned last week:

Market Data Center

“Memory is deceptive because it is colored by today’s events.” – Albert Einstein

Major wall street indexes finished the week mixed. Major events driving prices were renewed tensions with Iran, PepsiCo earnings which raised concern about the consumer, and the world’s top producer of memory chips raised over $26 billion in its U.S. IPO.

Starting overseas in Iran President Trump said Wednesday that the interim agreement with Iran is “over”. Trump made the comments following U.S. strikes on Iran in reaction to attacks on three ships in the Strait of Hormuz. The price of oil jumped and finished the week more than 5% higher. Socks fell on the news.

Moving east 4,000 miles, SK Hynix, the world’s top producer of DRAM and NAND flash memory chips and South Korea’s second most valuable company made its debut in the U.S. on the NASDAQ exchange Friday. The company finished 13% higher and raised over $26 billion, helping pull the tech-heavy NASDAQ and AI sector higher to finish the week.

Side note, South Korea’s most valuable company Samsung. SK Hynix debut comes after Micron and other memory chip stocks are coming off a 20% decline from their recent highs.

Coming back home to the U.S. second-quarter earnings reports are ramping up and PepsiCo made news on their recap of the U.S. consumer. While globally volume for Pepsi’s food and beverage products increased, demand domestically was much weaker.

PepsiCo’s CEO Ramon Laguarta said “I think the consumer is worse than what we had anticipated, and it’s driven mainly by gas prices.”

Staying in the U.S. but shifting over to the economy, a Federal Reserve survey, Economic Well-Being of U.S. Households, requires attention and thought. The survey shows 49% of adults ages 18 to 29 live with their parents, another 27% of adults in that same age group received help from someone outside their household to pay an expense (cell phone bill, general living expenses, or housing costs.)

The U.S. consumer’s ability to spend is the backbone of the U.S. economy. Just last year the stat was closer to 1 in 3 young adults living at home. The trend affects birthrate, local schools, home buying, and has dozens of other economic implications.

The week ahead for stocks and bonds is set up to be eventful. Tensions in Iran worsened over the weekend, second quarter earnings will roll on with the largest U.S. banks and healthcare companies providing updates and outlook. Throw into this pot Thursday’s inflation report and investors are expecting a volatile week of trading.

What’s ahead this week:

Economic Reports

• Inflation heating up has the most risk causing investors to anticipate rate hikes. Consumer Price Index report Tuesday morning before the market opens will most likely move markets
  • With rate hikes in mind, several Fed officials are speaking this week across various events
• Retail sales on Thursday will be an important data point for the U.S. consumer health

Earnings

• Important week for investors as we kick off second quarter earnings
  • The four big banks are reporting: JPMorgan Chase, Bank of America, Wells Fargo, and Citi. Not to mention, Goldman Sachs and Morgan Stanley
    • Investors will be looking for banks outlook on consumer and commercial credit, corporate deals, and overall signs of liquidity in the system
  • As semiconductor companies have been the hottest trade of the year, the tech sector starts earnings reports with the world’s largest manufacturer of semiconductor chips Taiwan Semiconductor. ASML a Netherlands based semiconductor equipment company, will also report this week.
  • The healthcare sector has the country’s largest insurer, United Health Care and pharma and med tech company Johnson and Johnson, and pharmaceutical product company Abbott all three big players in their respective industries will report quarterly earnings