@2OnFinance

📚 Weekend Reading This week’s book recommendation: The Psychology of Money by Morgan Housel. A great look at how behavior, patience and our relationship with money can matter just as much as financial knowledge when building wealth. One of the biggest takeaways: doing well with money isn’t necessarily about being the smartest person in the room. How you behave with money, especially over long periods of time, can make all the difference. A worthwhile read for anyone interested in investing, personal finance and making better long-term financial decisions. What’s on your reading list this weekend? 📖

📊 Week in Markets | Aug. 17–21 📈 Markets S&P 500: 7,674.37 | -1.4% this week Nasdaq: 26,180.45 | -2.1% Dow: 53,277.01 | -0.8% Russell 2000: 3,017.87 | -1.6% 🛢️ Commodities & Crypto WTI Crude: $87.06 | +6.9% Gold: $4,624.10 | +5.6% Silver: $69.47 | +6.9% Bitcoin: ~$78K | +22% Ethereum: ~$2.4K | +25% 📅 Economic Data • U.S. Services PMI: 56.8 vs. 54.0 expected • Manufacturing PMI: 53.2 vs. 53.9 expected • Composite PMI: 56.0 vs. 54.5 previous • Services activity expanded at its fastest pace in nearly two years • Rising Treasury yields remained a major focus for markets 💼 Earnings & Stocks • $TGT beat expectations and raised its full-year outlook • $WMT fell sharply despite an earnings beat as slower U.S. comparable sales growth and softer Q3 guidance weighed on shares • $ROST jumped following strong earnings and an improved outlook • $BJ beat EPS expectations and raised its full-year earnings outlook • $NVDA heads into next week's earnings on a six-session losing streak 🌎 The Big Picture U.S. stocks finished higher Friday but couldn't erase the week's losses, with all four major indexes ending in the red. Outside equities, the picture was very different. Oil climbed nearly 7% as Middle East tensions remained in focus, while gold and silver posted strong gains. Crypto surged, with Bitcoin gaining roughly 22% and Ethereum about 25%. Strong U.S. services activity helped stabilize sentiment Friday, but elevated Treasury yields and geopolitical uncertainty remain key themes heading into next week. 📆 Next Week NVIDIA earnings, U.S. PCE inflation, GDP data and Jackson Hole take center stage. 🌐 https://t.co/AL8NVKZ1HV

📊 Retail Earnings Update The two names we highlighted this morning both delivered beats: BJ’s Wholesale Club $BJ EPS: $1.36 vs $1.17 expected ✅ Revenue: $6.23B Shares: +4% today Buckle $BKE EPS: $0.87 vs $0.81 expected ✅ Revenue: $319.8M Shares: +3% today Both stocks are trading higher following their results, while BJ’s also raised its full-year earnings outlook. Track earnings, economic releases and market events with 2 On Finance.

🇺🇸 U.S. Flash PMI data is in: Services: 56.8 vs 54.0 expected Manufacturing: 53.2 vs 53.9 expected Composite: 56.0 vs 53.2 expected Services activity surged while manufacturing came in softer than expected. Overall business activity accelerated sharply in August, pointing to continued strength in the U.S. economy. Track upcoming economic releases and market events with 2 On Finance.

🗓️ What We’re Watching Today | Aug. 21 A few key events are on the radar as markets head into Friday. 🏭 U.S. Economic Data | 9:45 AM ET Flash U.S. Manufacturing and Services PMI are due this morning, giving markets a fresh look at business activity and inflation pressures. 📈 Treasury Yields Bond yields remain front and center after yesterday’s selloff, with long-term Treasury yields still elevated. 🛢️ Oil & Iran Oil remains elevated on the week as markets continue watching developments surrounding Iran and their potential impact on inflation and global energy supply. 🛒 Retail Earnings BJ’s Wholesale $BJ beat expectations and raised its full-year outlook this morning. Buckle $BKE also reported stronger-than-expected results. 📊 U.S. Markets Futures are pointing modestly higher following Thursday’s sharp decline as markets look to stabilize into the final session of the week. 🌐 https://t.co/AL8NVKZ1HV #Markets #Economy #StockMarket #Earnings