Source: Charles Schwab, data from 8/31 – 9/4 “Investing should be more like watching paint dry or watching grass grow.” Artificial intelligence took center stage at this week’s G20 Innovation Ministerial in Chapel Hill, North Carolina. The meeting brought together government officials and prominent technology executives, with much of the discussion centered on AI’s potential economic impact and the infrastructure required to support its growth. The meetings also highlighted some of the challenges accompanying the rapid AI buildout, particularly regulation, cybersecurity, and growing opposition to data centers. Attendees discussed concerns surrounding data centers’ effects on electricity, water and local communities, while also warning that cybersecurity risks could become significant without action. Commerce Secretary Howard Lutnick also announced that the administration is developing plans for semiconductor tariffs designed to encourage chip manufacturing in the United States. As AI becomes an increasingly significant part of the global economy, the summit highlighted the growing role of public policy in shaping its development. Government bond yields around the world have climbed to multiyear highs, with the U.S. 10-year Treasury yield recently reaching its highest level since November 2023. Yields have also risen in Germany, Japan, and the U.K., driven by heavy government debt issuance, renewed inflation concerns due to higher oil prices, and expectations that central banks may keep monetary policy tighter for longer. Higher yields can increase borrowing costs across the economy, affecting everything from government debt and corporate financing to mortgages and consumer loans. Friday’s U.S. jobs report added to those rate concerns, as the economy added 162,000 jobs in August, well above expectations, while unemployment held steady at 4.1%. Wage growth remained relatively steady at 3.1% year over year, and June and July payroll figures were revised higher by a combined 55,000 jobs. The strong labor data reinforced signs of resilience in the economy and increased market expectations for a potential Federal Reserve rate hike in September. Treasury yields moved higher following the report, although next week’s inflation data will likely be a major factor in determining the Fed’s next move. Apple entered a new chapter this week as John Ternus succeeded Tim Cook as CEO, becoming the company’s second chief executive since Steve Jobs stepped down in 2011. Ternus, a 25-year Apple veteran who previously served as senior vice president of Hardware Engineering, takes over a $4.7 trillion company facing several important challenges, including accelerating its artificial intelligence strategy, navigating higher component costs, and developing the next generation of devices. Cook will remain involved as executive chairman, helping provide continuity through the leadership transition. Ternus’ first major spotlight will come at Apple’s September 9th product event, where the company is expected to unveil new iPhones and Apple Watches. Apple shares have gained roughly 17% in 2026, supported by a strong device cycle and market-share gains. Investors will be watching closely to see how Ternus navigates rising hardware costs while positioning Apple for an increasingly AI-driven technology landscape. 5-day closing price ($) and change (%) Source: Charles Schwab Dive deeper on financial topics you should know: Sign up to our mailing list to get your weekly financial news straight to your inbox. Keep up with the latest: Follow @EvansMayWealth on social media to get the latest market commentary while your scroll. Sources: CNBC, CNBC, CNBC, CNBC Sanctuary Wealth makes no representation as to the accuracy or completeness of information contained herein. Any forward-looking statements are based on assumptions, may not materialize, and are subject to change without notice. The information is based upon data available to the public and is not an offer to sell or solicitation of offers to buy any securities mentioned herein. Any investment discussed may not be suitable for all investors. Investors must make their own decisions based on their specific investment objectives and financial circumstances. Investments are subject to risk, including but not limited to market and interest rate fluctuations. Any performance data represents past performance which is no guarantee of future results. Prices/yields/figures mentioned herein are as of the date noted unless indicated otherwise. All figures subject to market fluctuation and change. Additional information available upon request.
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🧭 This Week In the Markets
Image Source: BloombergG20 Innovation Summit Puts AI in the Spotlight
Strong Jobs Data and Rising Yields Shift Focus to the Fed
Apple Begins a New Era Under CEO John Ternus
🏢 Corporate Earnings
📊 Sector Performance
Source: Select Sector SPDRs, data based on the Sector SPDR ETFs as of 9/4
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