October 19, 2026

Corbett Road Wealth Management

10 minutes ago

6 min read

Key Dates/Data Releases

10/20: Housing starts

The Markets (as of market close October 16, 2026)

Wall Street experienced a week marked by volatility, with big tech and AI stocks faltering after carrying the market for much of the year. Concerns about overvaluations drove investors from semiconductor and AI shares. The latest inflationary data showed prices moving higher, particularly energy and gasoline. Consumer staples, health care, and energy led the market sectors, while information technology fell 6.60%. Treasury yields declined, mostly in response to a brief rally in equities last Thursday. Geopolitical tensions continued to push energy prices higher.

Stock Market Indexes

Chart reflects price changes, not total return. Because it does not include dividends or splits, it should not be used to benchmark performance of specific investments.

Last Week’s Economic News

The Consumer Price Index (CPI) rose 0.6% in September and 3.7% over the last 12 months. The CPI rose 0.4% in August and 3.4% since August 2025. Core prices, excluding food and energy, rose 0.3% last month, matching the August increase. Since September 2025, core prices have risen 2.6%. Energy costs rose 5.2% in September, driven by a 9.1% spike in gasoline prices. Energy prices are up 20.4% since September 2025. Shelter costs followed a 0.3% increase in August with a 0.4% advance in September. Food prices were unchanged in September from the prior month.
The Producer Price Index (PPI) increased 1.3% in September, after moving up 0.5% in August and 0.2% in July. The September increase was the largest advance since rising 1.7% in March 2022. The PPI climbed 6.3% for the 12 months ended in September, the largest 12-month increase since December 2022 when the index rose 6.4%. Prices for goods advanced 2.6% in September, the largest increase since data was first calculated in December 2009. Over 80% of the broad-based rise in September was attributable to prices for energy, which jumped 10.8%. Gasoline prices rose 20.3% last month, while prices for food rose 1.2%. Prices for services moved up 0.8% in September, the largest monthly rise since April when prices also advanced 0.8%.
U.S. retail and food services sales increased 0.8% in September from the previous month and 6.3% from September 2025. The largest contributor to the increase in retail sales was a 6.4% advance in sales from gasoline stations. Total retail sales, excluding gasoline stations sales, rose 0.2% last month.
Sales of existing homes increased 1.5% in September but were 2.2% below the pace from a year earlier. In September, unsold inventory represented a supply of 4.8 months at the current sales pace, unchanged from the August estimate but up from 4.5 months a year ago. The median sales price in September was $417,500, down from $427,700 in August but higher than the September 2025 price of $412,300. Sales of existing single-family homes rose 2.0% in September but were down 1.9% from a year earlier. The median existing single-family home price in September was $422,700, well below the August price of $433,600 but higher than the September 2025 price of $417,600.
Import prices increased 1.1% in September following a 0.5% rise in August. Prices for imports rose 8.1% for the 12 months ended September 2026, the largest 12-month advance since import prices increased 8.8% for the year ended July 2022. Import prices for fuel increased 4.8% in September following decreases of 0.2% in August and 6.8% in July. Import prices excluding fuel increased 0.7% in September and have not declined on a monthly basis since August 2025. Prices for exports increased 2.2% in September after rising 1.2% the previous month. Export prices increased 11.6% for the year ended September 2026, the largest over-the-year rise since export prices advanced 12.9% for the 12 months ended July 2022.
Industrial production (IP) increased 0.7% in September after edging up 0.1% in August. Manufacturing output rose 0.3% in September. Mining moved up 0.2%, and utilities increased 3.5%. Total IP in September was 2.2% above its year-earlier level.
For the week ended October 10, there were 199,000 new claims for unemployment insurance, an increase of 1,000 from the previous week's level, which was revised up by 1,000. According to the Department of Labor, the advance rate for insured unemployment claims for the week ended October 3 was 1.1%, unchanged from the prior week's rate. The advance number of those receiving unemployment insurance benefits during the week ended October 3 was 1,710,000, a decrease of 4,000 from the previous week's level, which was revised down by 2,000. States and territories with the highest insured unemployment rates for the week ended September 26 were New Jersey (2.0%), Massachusetts (1.8%), Washington (1.8%), California (1.7%), Nevada (1.6%), Puerto Rico (1.6%), Oregon (1.5%), Rhode Island (1.5%), New York (1.4%), Hawaii (1.3%), Illinois (1.3%), and the Virgin Islands (1.3%). The largest increases in initial claims for unemployment insurance for the week ended October 3 were in California (+4,295), Illinois (+1,108), New Jersey (+856), New York (+743), and Texas (+670), while the largest decreases were in Hawaii (-275), Michigan (-146), Iowa (-96), Arizona (-44), and West Virginia (-31).
The national average retail price for regular gasoline was $4.331 per gallon on October 12, $0.023 per gallon below the prior week's price but $1.270 per gallon higher than a year ago. Also, as of October 12, the East Coast price decreased $0.029 to $4.118 per gallon; the Midwest price rose $0.036 to $4.145 per gallon; the Gulf Coast price decreased $0.060 to $3.851 per gallon; the Rocky Mountain price increased $0.022 to $4.439 per gallon; and the West Coast price ticked down $0.088 to $5.639 per gallon.

Eye on the Week Ahead

This is a very slow week relative to the release of important economic data. However, investors will be looking forward to the last week of October, with particular attention paid to the meeting of the Federal Open Market Committee.

Data sources: Economic: Based on data from U.S. Bureau of Labor Statistics (unemployment, inflation); U.S. Department of Commerce (GDP, corporate profits, retail sales, housing); S&P/Case-Shiller 20-City Composite Index (home prices); Institute for Supply Management (manufacturing/services). Performance: Based on data reported in WSJ Market Data Center (indexes); U.S. Treasury (Treasury yields); U.S. Energy Information Administration/Bloomberg.com Market Data (oil spot price, WTI, Cushing, OK); www.goldprice.org (spot gold/silver); Oanda/FX Street (currency exchange rates).

News items are based on reports from multiple commonly available international news sources (i.e., wire services) and are independently verified when necessary with secondary sources such as government agencies, corporate press releases, or trade organizations. All information is based on sources deemed reliable, but no warranty or guarantee is made as to its accuracy or completeness. Neither the information nor any opinion expressed herein constitutes a solicitation for the purchase or sale of any securities, and should not be relied on as financial advice. Forecasts are based on current conditions, subject to change, and may not come to pass. U.S. Treasury securities are guaranteed by the federal government as to the timely payment of principal and interest. The principal value of Treasury securities and other bonds fluctuates with market conditions. Bonds are subject to inflation, interest-rate, and credit risks. As interest rates rise, bond prices typically fall. A bond sold or redeemed prior to maturity may be subject to loss. Past performance is no guarantee of future results. All investing involves risk, including the potential loss of principal, and there can be no guarantee that any investing strategy will be successful.

The Dow Jones Industrial Average (DJIA) is a price-weighted index composed of 30 widely traded blue-chip U.S. common stocks. The S&P 500 is a market-cap weighted index composed of the common stocks of 500 largest, publicly traded companies in leading industries of the U.S. economy. The NASDAQ Composite Index is a market-value weighted index of all common stocks listed on the Nasdaq stock exchange. The Russell 2000 is a market-cap weighted index composed of 2,000 U.S. small-cap common stocks. The Global Dow is an equally weighted index of 150 widely traded blue-chip common stocks worldwide. The U.S. Dollar Index is a geometrically weighted index of the value of the U.S. dollar relative to six foreign currencies. Market indexes listed are unmanaged and are not available for direct investment.

IMPORTANT DISCLOSURES

Corbett Road Wealth Management, LLC provides all investment advisory services through Concurrent Investment Advisors, LLC, an SEC Registered Investment Advisor. Corbett Road Wealth Management, LLC and Concurrent Investment Advisors, LLC are not affiliated companies.

Neither Concurrent Investment Advisors nor Corbett Road Wealth Management provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances. Please speak with your tax or legal professional.

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