Weekly Market Update – May 11, 2026
- Taylor Champion
- 12 minutes ago
- 2 min read
Price Return Last Week
S&P 500 +2.4% S&P Mid Cap +1.7% Russell 2000 +1.7%
MSCI EAFE +0.9% MSCI EM +6.9%
10 Yr US Treasury Rate – fell from 4.38% to 4.36%
Source: Refinitiv Eikon
Recent News
Iran Ceasefire on “Life Support” – Just one day after starting “Project Freedom” where the U.S. military would guide commercial ships out of the Strait of Hormuz, President Trump declared that he was pausing the operation citing progress towards an agreement with Iran. That progress seemed to be short-lived as Iran submitted their proposal to end the war on Sunday, which Trump responded to by calling it “garbage.” Trump went on to state that the ceasefire with Iran was “on life support.” Oil prices traded 3% higher in early trading on Monday.
Source: CNBC.com, Thomson Reuters
Trade Court Invalidates Trump’s Global Tariffs – The U.S. Trade Court ruled that President Trump’s 10% global tariffs are not justified under trade law. The tariffs were set to expire in July, at which point the administration plans to announce new tariffs. A few hours after the ruling came down, Trump signed a new order imposing 10% global tariffs using a different legal method, which was also immediately challenged.
Source: Thomson Reuters, The Wall Street Journal
Jobs Report – Apr: 115k (Reuters Poll est. 62k) Mar: 185k
April job gains were stronger than expected, and March payrolls were revised upward, marking two consecutive months of solid labor-market growth. However, some economists have noted that recent government shutdowns and labor strikes have made the data unusually volatile, and they recommend using a three-month average to gauge underlying labor-market strength. The current three-month payroll average is 48,000, down from more than 70,000 at this time last year.
Source: Thomson Reuters
Mango Mania – While previously banned from U.S. stores due to their inability to endure a hot-water treatment to kill pests, Indian mangoes have surged in popularity in recent years. Once a new technique involving gamma radiation was developed to treat the sensitive Indian Mango, the ban was lifted and demand grew. Costco reports that prices for Indian mangos are now five times as high as that of a regular mango and similar to the cost of a lobster tail.
Source: The Wall Street Journal
Upcoming Events
5/11 – Notable Earnings Reports: Constellation Energy
5/12 – CPI
5/13 – PPI, Notable Earnings Reports: Cisco, Alibaba, Tencent
5/14 – President Trump in China, Retail Sales, Notable Earnings Reports: Applied Materials
5/15 – President Trump in China
Source: Refinitiv Eikon
This material 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, 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.