Weekly Market Movers | October 12, 2026

A weekly market recap video from Wealth Enhancement Group covering the week's main themes: a record S&P 500 high driven by a small group of large companies while smaller stocks lagged, oil prices reacting to Middle East headlines, and Treasury yields near multi-decade highs. The episode also notes strong services activity and labor market data pushing back on recession concerns, scrutiny of whether AI spending is producing revenue and profits, and the start of earnings season with high expectations. It flags the coming CPI report and Fed meeting as potential drivers of rate expectations into year-end.

1. The S&P 500 hit a new high but much of the advance came from a small group of large companies, with smaller stocks lagging.
2. Oil prices continued to move on shifting Middle East headlines, affecting inflation expectations and market sentiment.
3. Treasury yields stayed near multi-decade highs as investors weighed inflation, growth and the growing U.S. debt burden.
4. Earnings season began with investors looking for results that justify current market expectations.