Don't judge the quarter too quickly

Strong gains and a few fists of docile inflation helped to pushing the S&P 500 to a positive week and put a slight damper into the action despite the latest tariff news. The wide index has added 0.59% for the week managed by technology, public services and industries, technology has heavily performed better Nasdaq and jumped 1.51%. In the meantime, the Dow Jones industrial average, President Donald Trump forced 15% to 20% tariff in any agreement with the European Union, fell by 0.07% of the week after 142 points on Friday. The main economic activity of the week arrived on Tuesday with the publication of the June Consumer Price Index. Title CPI reading was viewed in line with expectations and increased by 2.7% annually. However, due to higher levels of volatility, the core index, which produces food and energy, was slightly below the expectations in response to 2.9% of expectations. Still, it was not an excellent report. Importantly, the shelter cost index increased from year to year by 3.8%. Although it ended in May 2025 and lower than we saw in the 12 -month period, it is still above the inflation rate. Therefore, it is problematic that it tries to pass the needle between protecting price stability that requires higher rates to address problems such as federal reserves and increase in shelter costs and to keep unemployment low. Fortunately, for now, the labor market dynamics are on the side of the FED, the unemployment rate comes to 4.1%as of June, and the first unemployed claims are now falling for five weeks. As a result, according to the CME Fedwatch vehicle, the market continues to believe that the FED will keep the comparison loan rate constant in late July, but the basic case continues to see two deductions until the end of the year. Better news about inflation came on Wednesday when the June Manufacturer Price Index came a little below the expectations in both the title and basic readings. The indicator, known as PPI, is seen as a leading indicator for CPI, as it gives an idea of what is paying for wholesale inflation and what it pays for the inputs of goods manufacturers. If their costs are increasing, this will ultimately feed what we all see in stores. Although the general effect so far seems to have been suppressed, it is too early to make a final decision on how much tariffs are deceived by consumer prices. Under the surface of the CPI report, some tariff -sensitive goods categories such as households of household furniture and materials have increased at the rates above the title level. At the same time, in the PPI report, we saw a decrease of 0.1% in the final request services, which was balanced with an increase of 0.3% in final demand goods. By bringing them all together, the tariff effect can be managed so far - for now. The effect is possible to grow over time. As a result, even though we continue to think that rates should ultimately fall, we do not think that the ratio of the Fed President Jerome Powell will be wrong to keep it where they are now. This week, other positive economic updates included a better reading than expected on June industrial production and capacity use; The first unemployed allegations less than expected for the week ending on June 12; Strong June retail sales and slight shooting begins in June houses. The gain was the other big story of the week, and the results generally supported the idea that companies skillfully visited the difficult economic moment. As for the earnings of the club, I miss some hits and misses, even though there were no real thesis changing events. On Tuesday morning, we were wrong to think that Wells Fargo could increase the appearance of net interest income. No deny. However, the reason we don't change our opinion is that we love why we're wrong. Instead of focusing on interest rates and therefore more dependent than the control of the administration, the team forces the operation to the wage -based side of the operation, which tends to be more predictable. After 5.5% in the report on Tuesday, Wells Fargo won 2.3% for the last three days of the week, which was nice to see it after the first market reaction. Blackrock was also blocked when it sank 5.9%when it released the second quarter results on Tuesday. While the asset management giant missed revenues, we argued that sellers were short -sized and that they could not appreciate things such as strong organic growth in wage income. In addition, since it was not closed until July 1, the private loan manager, which was not in the second quarter results, did not consider the acquisition of HPS acquisition. Indeed, it was right for us to read more optimistic on Blackrock's report. The stock quickly returned and a new all -time touched Friday before a humble lower level at the session. Our last financial report of the week, Goldman Sachs gave very strong results. Despite a warm stock response, investors should not ignore an excellent execution in the back of the year, a high level of capital level and a healing public offering and merger mediator. As it moves towards 2026, these three factors support a higher stock price. Goldman made about 2% discount on the closing of all time of $ 724 per share on July 3. Abbott Labs completed the week on Thursday and reported a top and bottom -line rhythm with strong organic growth compared to the previous year. However, the share made 8.5% dive as it does not increase its appearance for full -year earnings, directed below expectations for existing gains and increases its appearance for full -year organic sales growth. It wasn't the kind of pressure we expected from Abbott. However, we appreciate the coming of CEO Robert Ford to "Mad Money" to take a closer look at the quarter and the next road. He supported our belief in being loyal to his name. We are almost alone in Wall Street, many analysts come out to defend the stock on Friday. In fact, analysts at Jefferies withdrew as an opportunity to upgrade their stocks to the purchase grade. Abbott added 2.6% on Friday and withdrawn a few of the dollars lost on Thursday's sale. (Jim Cramer's philanthropist trust is long WFC, GS, BLK and ABT. Look here for the full list of stocks. Jim is waiting for 45 minutes after sending a trade warning before buying or selling a share in the portfolio of charitable confidence. If Jim talked about a stock on CNBC TV, he's waiting for 72 hours after trading warning before trading. The above investment club information is subject to our conditions and conditions and our Privacy Policy with the waiver. 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