JUST THE FACTS

Fed chairman Powell's rate cut message would unleash big gains on Friday led by the Dow's new record. For the week, the S&P also scored a win, while the Nasdaq fell short due to earlier stumbles in tech.

Friday's Jackson Hole speech by the Fed boss did not guarantee a September cut in rates, but it was close enough for Wall Street. This report details his remarks on how the Fed will proceed going forward.

Three of the biggest names in retail took the spotlight this last week. Earnings for Walmart, Home Depot and Target would be a mixed bag, but all point to resilient customers who may soon face tariff hits. 

Tariffs may have taken a backseat in the buildup to Powell's speech, but it wasn't all quiet. Furniture imports could be the next tariff target, the EU deal is rounding into form, and Canada tries playing nice.

The new week will deliver a solid load of economic reports with the new PCE read topping the list. Updates on Q2 GDP and sentiment are also due out, while Nvidia will grab most of the earnings headlines.

The great wealth transfer is underway as trillions of dollars are passed down from generation to generation. A big chunk of that wealth is real estate. This report has sound advice on passing along property.