Weekly Commentary August 3rd – 7th 2026

Markets staged an impressive rally this week, with the Dow Jones and S&P 500 reaching new record highs as investors looked beyond softer labor market data and focused on blockbuster earnings growth and the accelerating wave of AI-related investment. While corporate fundamentals remain strong and AI infrastructure spending continues to drive optimism, investors should be mindful of seasonal headwinds as September, historically the market’s weakest month, approaches.