Chartstopper: August 21, 2026 | Nasdaq

This Week

The bond market was the large story this week.

Lengthy-term Treasury yields have elevated in current months, as 30-year Treasury yields just lately hit their high since 2007, going through strain from a rising debt load (which hit $40 trillion this week), increased inflation (which we’ll get to), and competitors from synthetic intelligence hyperscaler bond issuance (boosting funding grade-issuance 36% year-on-year).

With yields rising, Treasury Secretary Bessent introduced the Treasury will “a minimum of double” its buybacks of long-term (10- to 30-year) Treasuries to $4+ billion from September to November (these buybacks provide liquidity by shopping for older Treasuries). Whereas this initially led to a drop in long-term bond yields, IT’s since reversed, seemingly upon the conclusion that just a few additional billion {dollars} in buybacks does little within the face of ongoing $2 trillion deficits.

When it comes to inflation, U.S. oil costs are up about 5% this week as there’s no finish in sight for the Iran battle. Notably, the 60-day Memorandum of Understanding IT-fell-apart” goal=”_blank” id=”OWAe453ed7f-ac7f-2afb-3bc8-9081d3760010″ title=”https://www.aljazeera.com/information/2026/8/17/us-iran-memorandum-of-understanding-expires-how-and-why-IT-fell-apart” data-auth=”NotApplicable” data-outlook-id=”9fbc5acb-8d22-4528-a1a9-5d3e413a4cde” data-ogsc=”rgb(70, 120, 134)” data-mce-href=”https://www.aljazeera.com/information/2026/8/17/us-iran-memorandum-of-understanding-expires-how-and-why-IT-fell-apart”>expired this week with out extension and even ongoing talks. As an alternative, Iran seized a United Arab Emirates-linked oil tanker within the Strait of Hormuz, there have been stories Iran’s navy is taking a “fully offensive” posture as IT prepares to a return to warfare, and President Trump known as for “unprecedented” “economic warfare” in opposition to Iran.

Relatedly, in Walmart’s (WMT) earnings this week (beat), the corporate famous that “increased gasoline costs” are inflicting “some incremental Finance.yahoo.com/markets/shares/articles/walmart-reports-mixed-results-gas-154542557.html” goal=”_blank” id=”OWA6e64b2ac-2f46-c7cf-401f-4ac82fcca4fe” title=”https://Finance.yahoo.com/markets/shares/articles/walmart-reports-mixed-results-gas-154542557.html” data-auth=”NotApplicable” data-outlook-id=”75e65620-411b-4d68-ac3a-4c761df8236f” data-ogsc=”rgb(70, 120, 134)” data-mce-href=”https://Finance.yahoo.com/markets/shares/articles/walmart-reports-mixed-results-gas-154542557.html”>strain on the buyer.”

For the week, the Nasdaq-100® is down 2%, whereas 10-year Treasury yields are up just a few foundation factors to over 4.7%.

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Subsequent Week

Listed below are the highest occasions I’m watching subsequent week:

• Tuesday: Convention Board Client Confidence (August)
• Wednesday: NVDA Earnings (Q2), PCE Inflation and Client Spending (July)
• Thursday: Jobless Claims (Week Ending Aug. 22)
• Friday: Fed Chair Warsh Speech at Jackson Gap