PUT IN WORK (3/2/2026)

The stock market had a rough week, though it did put up a fight by the week’s end. The Nasdaq (QQQ) ended down 0.3%, while the S&P 500 (SPY) finished down 0.5%. Tariff headlines kicked things off on Monday, midweek optimism followed, and then Thursday and Friday saw that positive momentum trickle away.

Monday started the week in the red after President Trump announced a global tariff hike over the weekend, bringing uncertainty back to the forefront. Tech and software names took the brunt of it as AI fears resurfaced, with IBM (IBM) sliding sharply, and many other tech stocks following suit.

Tuesday brought a much-needed rebound, with the Nasdaq up 1.1% and the S&P 500 up 0.8%. AMD (AMD) was the standout winner after news of a major deal with Meta (META) tied to AI computing power, which also helped lift the broader tech space.

Wednesday extended the bounce as investors positioned ahead of Nvidia’s (NVDA) highly anticipated earnings, with the Nasdaq climbing 1.3% and the S&P 500 gaining 0.8%.

Thursday flipped the mood again. Despite Nvidia’s results coming in better than expected, the stock fell about 5.5%, dragging the Nasdaq down 1.2% and the S&P 500 down 0.5%; and Friday sealed the week lower after PPI inflation came in hotter than expected, pushing the Nasdaq down 0.9% and the S&P 500 down 0.4%. All in all, Tuesday and Wednesday tried to patch things up, but Monday’s tariff shock and Friday’s inflation check did enough damage to keep the week negative.

Following the events of the previous weekend, futures are dropping across the board. As tensions have grown and developments have emerged, it seems this week will be marked by volatility and uncertainty. We pray for all those affected by the brewing and ongoing conflict across the sea.

(Nasdaq ETF (QQQ) price from February 2025 - 2026 — each candle is 1 week. Chart provided by tradingview.com.)

PORTFOLIO UPDATE

Surprisingly, our portfolio showed great resilience last week, with most of our stocks climbing 10% or higher by Friday’s close. As we’ve stated previously, our portfolio is very volatile, so it’s nice to see it swing majorly in a positive direction despite the larger market’s performance. We plan to hold all currently owned stocks for the foreseeable future. As always, thank you for reading, and happy investing.