PUT IN WORK (8/10/2026)

We’re back with another issue! After several shaky weeks for tech, the market finally found some serious momentum. The Nasdaq (QQQ) ended the week up 5.0%, while the S&P 500 (SPY) finished up 3.5%. A lot of this strength came from a rebound in chip stocks, strong earnings reactions, and a surprising jobs report that helped ease rate concerns.

Monday kicked things off with a bang as stocks surged to start August. The Nasdaq rose 2.1% and the S&P 500 climbed 1.5%, pushed higher by a strong rebound in tech. Amazon (AMZN) continued higher after strong cloud-computing results, while Alphabet (GOOG), Microsoft (MSFT), Nvidia (NVDA), and most other Magnificent Seven names ended in the green.

Tuesday kept the rally going as the Nasdaq jumped 2.6% and the S&P 500 rose 1.8%, with Palantir (PLTR) soaring after better-than-expected earnings. Chip and memory stocks also bounced, with names like Arm (ARM), Marvell (MRVL), and Sandisk (SNDK) helping carry the broader tech space higher.

Wednesday was the only real step back. The Nasdaq slipped 0.8% and the S&P 500 fell 0.2% as investors digested earnings from SpaceX (SPCX) and Advanced Micro Devices (AMD), both of which moved lower despite some solid numbers. That said, the broader pullback was fairly mild considering the strength we’d seen in the previous sessions.

Thursday was another slightly negative day, with several tech names falling after earnings, including AppLovin (APP), Datadog (DDOG), Western Digital (WDC), and Sandisk. SpaceX, however, rebounded after its prior drop, helping soften the blow a bit.

Friday wrapped things up on a strong note as stocks rose following a surprisingly weak jobs report. Employers lost jobs in July, which investors took as a sign that the Fed may be less likely to raise rates again in the near future. The Nasdaq rose 1.3% and the S&P 500 gained 0.6%, with SpaceX, Nvidia, and several chip stocks helping lead the way.

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

PORTFOLIO UPDATE

Our portfolio performed as expected, with many of our high fliers pushing even higher, and many of our less fortunate stocks reacquiring some of those gains lost in previous weeks. Last week was explosive for the market, and though we’re expecting some stabilization this week, we plan to hold all currently owned stocks for the foreseeable future. As always, thank you for reading, and happy investing.