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After the Bell: Situational Awareness

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AFTER THE BELL

Friday, August 21, 2026

In 1991, a coup against Gorbachev collapsed in two days — not because the plotters lost a fight, but because the economy underneath them had already failed. This week, a very different kind of collapse followed the same pattern.

THE SESSION

Stocks bounced back after Thursday's rout — Dow +517, S&P and Nasdaq both up around 0.4%. But zoom out and the week was still rough: Nasdaq down 2%, S&P down 1.4%. One good Friday doesn't undo four days of the bond…

The skinny

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