This Week in Review | Record Highs, US Jobs, Yen Intervention (August 7, 2026)

The economy and markets can feel dizzying and ever changing. That’s where we can help. Fisher Investments’ “This Week in Review” is a weekly segment designed to highlight a few things you may have missed this week, what they could mean for financial markets and why they matter to investors like you. This week, Fisher Investments reviews: • US and global markets all-time highs • US nonfarm payroll and unemployment data • Yen intervention

Below are the sources for all data cited in today’s show:

1. Source: FactSet, as of 8/7/2026. S&P 500 Total Returns Index and MSCI World Total Returns Index, daily, 6/1/2026 – 8/7/2026. 2. Source: FactSet, as of 8/6/2026. MSCI World Total Return Index, monthly, 1/1/1970 – 7/31/2026. All-time high is calculated according to month-end numbers. 3. Source: Trading Economics, as of 8/7/2026. United States Non Farm Payrolls and Unemployment Rate, June 2026 – July 2026. 4. Source: U.S. Bureau of Labor Statistics, as of 8/7/2026. Civilian Labor Force Participation Rate, July 2026. 5. Source: CME Group, as of 8/7/2026. Target Rate Probability for Federal Reserve Meeting in September 2026. 8/6/2026. 6. Source: International Monetary Fund via FRED, as of 8/4/2026. Global price of Energy index, January 2026 – June 2026. 7. Source: US Treasury Department, Bureau of the Public Debt, as of 8/6/2026. Debt held from foreign and US government, the Federal Reserve, and US Investors as of 11/30/2025. 8. Source: The Wall Street Journal, as of 8/6/2026. “The Worries that Drove Uncle Sam to Buy Yen”, 8/3/2026.

Want to dig deeper? • Ken on how you should view jobs data: https://www.youtube.com/watch?v=ojJfQdPvizs&t=13s • Why a weak yen doesn’t spell doom for Japanese stocks: https://www.fisherinvestments.com/en-us/insights/market-commentary/pumping-up-the-yen

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