Weekly Market Note

Week of July 6–10, 2026

July 10, 2026 Main Management Research

This week’s round-up of economic releases and market insights.

No video walkthrough was recorded for this week — the full note is available below.

In summary

The trade deficit widened more than expected in May as Imports continued higher while Exports pulled back.
Existing Home Sales fell -2.4% M/M, missing forecasts, while the Median Existing Home Price posted a new record high at $440,600.
June Service & Composite PMIs show an ongoing steady expansion in most areas of the world, including the U.S.
Wholesalers' Inventories increased for another month but were outpaced by Sales gains, dropping the inventory-to-sales ratio to its lowest level in over a decade.
Total Consumer Credit posted its first decline in 10 months, down -$0.2B, well below forecasts for a +$17.1B rise.
The RCM/TIPP Economic Optimism Index moved higher in July, while the NY Fed's Survey of Consumer Expectations showed inflation expectations rising to multi-year highs.