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Daily Market Commentary

October 14, 2026

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October 14, 2026

Bonds & Stocks
A selloff in chipmakers deepened on concerns about the sustainability of the artificial-intelligence trade, putting pressure on equity markets as Wall Street banks kicked off the earnings season. The S&P 500 was little changed. The yield on 10-year Treasuries declined three basis points to 5.20%.

Economy
The return of 7% mortgage rates has hit the US housing market like a thunderbolt, sending pending sales tumbling to near 12-year lows. Pending home sales plunged 4% in September from a month earlier, the biggest decline in more than three years, to the lowest level since 2014 outside the early months of the 2020 Covid pandemic.

World
Saudi Arabia intercepted a fresh round of ballistic missiles launched by Yemen’s Houthis late on Monday, as the confrontation with the Iran backed militant group shows little sign of subsiding.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.