Investment Week at a Glance
Stocks finished mixed for the week. The Dow Jones Industrial Average was flat, the S&P 500 was up 0.3%, and the NASDAQ rose 0.3%. Foreign stocks (MSCI EAFE) were down for the week, falling 2.0%. Bond prices were down for the week, with the 10-year U.S. Treasury ending the week at 4.60%. (Data source: Wall Street Journal)
Markets Make New Highs
Markets are at all-time high levels once again as the S&P 500 crossed over 7,500 for the first time ever last week. Equities have not looked back since the lows at the end of March, as we have now rallied 16% in just 6 weeks. Investors have moved past the Iran war, and quarterly earnings came in better than expected, helping drive overall markets to all-time highs. The strong earnings growth has taken the headlines, which has helped ease investor nerves as the news has been much more positive. While inflation worries are popping up, many don’t think that will last if we see a continued peace deal with Iran and throughout the Middle East.
Oil Futures Point to Lower Prices
Oil prices have risen sharply as a result of the war in Iran, and the price increase is beginning to show in the inflation reports. The 10-year Treasury Yield has climbed to its highest point since the pre-financial crisis as some expect the Fed to raise rates to combat inflation. The other thought is that the higher energy prices won’t last, which is evident in the futures contracts as pricing in $80 oil by the end of the year despite being over $100 currently. Lower oil prices will help ease inflation and help the consumer by having to pay less at the pump.
Six Flags Entertainment Corporation Stock Up 39% Year to Date
Six Flags Entertainment Corporation (FUN), the largest amusement park company in the United States, has performed very well this year, with its stock price increasing nearly 40% so far. Six Flags operates over 20 amusement parks and 14 water parks across the country, including Cedar Point, numerous Six Flags locations, and Kings Island. Six Flags’ stock price declined significantly in 2025 as amusement parks nationwide saw a sharp decline in visitors. Additionally, Six Flags (FUN) stock was impacted in 2025 by a large one-time restructuring charge related to its merger with Cedar Point, which happened the year prior. These restructuring charges ultimately hurt the company’s bottom line in 2025. However, it appears that investors generally believe Six Flags (FUN) will rebound this year. In August, Six Flags will report its quarterly earnings again and reveal whether amusement park visitations and revenues are still declining (CNBC).
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Quiz
What has the Nikkei 225 (Japanese Index) returned so far this year? (Scroll Down for Answer)
- 13%
- 16%
- 19%
- 22%
Answer:
4. 22%. The Nikkei 225 has risen 22% so far this year, reflecting the strong performance of the Japanese equity markets this year. The international equity exposure to countries like Japan in the MGO portfolios has boosted performance this year.
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