Weekly Market Update – July 13, 2026
- Taylor Champion
- 59 minutes ago
- 2 min read
Price Return Last Week
S&P 500 1.3% S&P Mid Cap (0.6%) Russell 2000 (0.6%)
MSCI EAFE (1.4%) MSCI EM (1.8%)
10 Yr US Treasury Rate – rose from 4.48% to 4.57%
Source: Refinitiv Eikon
Recent News
US-Iran Conflict Continues – President Trump stated on Wednesday that the initial agreement with Iran to end the conflict was “over.” The U.S. launched new attacks on Iran over the last week and revoked their license to sell crude oil. This was done in response to fresh attacks from Iran on ships looking to cross the Strait of Hormuz. The breakdown between the two countries caused an increase in the price of WTI oil of approximately 14% over the last week.
Source: Thomson Reuters, Refinitiv Eikon
Housing Bill Becomes Law – Despite President Trump refusing to sign the 21st Century ROAD to Housing Act, the bill became law automatically in late July. If a President doesn’t veto or sign a bill for 10 days since being approved by Congress, the bill is enacted. The law seeks to streamline the environmental review process for new homes, lower construction costs on manufactured homes, and incentivize local governments to ease zoning restrictions.
Source: Yahoo! Finance
The Odyssey – Christopher Nolan’s epic The Odyssey opens this week. The movie is the first feature film to be shot entirely on 70mm IMAX film and has an estimated budget of $250 million, the largest of any of Nolan’s films. If the movie grosses over $1 billion, Nolan will join James Cameron as the only directors with three movies the grossed over $1 billion. His previous films The Dark Knight and The Dark Knight Rises both topped $1 billion.
Source: IMDB.com
Upcoming Events
7/14 – CPI, Fed Chair Testimony, Notable Earnings Reports: Bank of America, Wells Fargo, Goldman Sachs, Citigroup, JPMorgan Chase
7/15 – Notable Earnings Reports: Morgan Stanley, BlackRock, Johnson & Johnson, United Airlines
7/16 – Retail Sales, Notable Earnings Reports: Abbott Labs, GE, Charles Schwab, UnitedHealth, Netflix
7/17 – Consumer Sentiment, Notable Earnings Reports: Truist
Source: Refinitiv Eikon
Disclosure
This material, including references to specific securities, is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Views are as of the date shown and may change. Forecasts and forward-looking statements are not guarantees of future results. Information is believed reliable but not guaranteed for accuracy or completeness; third-party sources are not affiliated with Chesley, Taft & Associates (CTA). Indexes are unmanaged, not investable, do not reflect fees or expenses, and shown for illustrative purposes only. Past performance is not indicative of future results. Viewing this material does not create an advisory relationship with CTA.