Cleveland-Cliffs Inc. is a leading steel supplier and the largest flat-rolled steel company in North America. The company also specializes in iron ore, including all aspects of mining, pelletizing, and beneficiation. Cleveland-Cliffs has approximately 25,000 employees, and its shares are a component of the S&P 500.

Earnings reports are winding down -- but there are still some important names that will report this week, and some key inflation data also is due to come out. Last week, the Dow Jones Industrial Average gained 3%, the S&P 500 was up 4%, and the Nasdaq popped 5%. Year to date, all three indices are in positive territory, with the DJIA up 12%, the S&P 500 up 13%, and the Nasdaq up 15%. On the earnings calendar, headliners this week include CoreWeave and Super Micro Computer on Tuesday; Cisco Systems on Wednesday; and Applied Materials on Thursday. At this point, 87% of S&P 500 companies had reported as of Friday. Earnings so far are up a whopping 51% from last quarter, with Energy and Communication Services leading the charge, and Healthcare at the low end. On the economic calendar, investors will get new insight about consumer spending and inflation via the Consumer Price Index (CPI) report on Wednesday, the Producer Price Index (PPI) report on Thursday, and new retail sales data on Friday. Turning to other economic data, gas prices moved lower last week, to an average of $4.04 per gallon for regular gas. Meanwhile, the Atlanta Fed GDPNow forecast calls for GDP growth of 5.8% 3Q, a big jump from the 1.5% reported for 2Q. The Cleveland Fed Inflation Nowcast forecast for CPI is at 3.4% for July and 3.5% for August. Mortgage rates rose another three basis points last week, with the average 30-year fixed-rate mortgage now at 6.69%, according to FreddieMac. The next Federal Open Market Committee (FOMS) rate decision is on September 16. Odds are at 42% for a rate hike at that meeting. That's much lower than the 63% last week and reflects the weak jobs data that came out on Friday. Taking a deeper dive into performance so far in 2026, a leading industrialized global stock market index, the ETF EFA, is up 13% year to date, while the leading emerging market ETF (EEM) is up 20%. U.S. growth stocks are up 5% year to date when looking at ETF IWF, while value stocks (IWD) are up 22%. Crude oil prices continue to be volatile. On Friday, oil closed at $77 per barrel and is up 33% for the year. In other asset classes for the year to date, AGG bonds are down 3%, gold is up 1%, and Bitcoin is down 26%. The U.S. dollar is up 1%, tracking DXY. The VIX Volatility Index was about 15 on Friday, below its historical average of 20. Turning to sector performance, the list from first to worst so far in 2026 is Energy (+30%), Information Technology (+29%), Industrials (+19%), Materials (+15%), Real Estate (+11%), Consumer Staples (+10%), Healthcare (+6%), Financials (+6%), Utilities (+2%), Consumer Discretionary (-1%), and Communication Services (-6%).

Cleveland-Cliffs Inc. is a leading steel supplier and the largest flat-rolled steel company in North America. The company also specializes in iron ore, including all aspects of mining, pelletizing, and beneficiation. Cleveland-Cliffs has approximately 25,000 employees, and its shares are a component of the S&P 500.

Earnings season is in full swing, a time when insider-transaction volume always slows because of trading restrictions that are in place for corporate executives, directors, and beneficial owners. While that typically results in 'weak' volume-deprived insider-sentiment readings, we note that the major stock indices are also at or near all-time highs. And investors of all stripes, insiders included, are known to take money off the table when the stocks they own have never been so valuable. End of day, there are viable explanations for insider-sentiment data that is less than stellar, as is the case now. Looking at the weekly data from Vickers Stock Research, the NYSE One-Week Sell/Buy Ratio is now 8.38; the same ratio for the Nasdaq is 8.91; and the Total (all exchanges) ratio is 8.68. Those readings are on a scale where any result above 6.00 is bearish. But based on the above offsets, we are far from suggesting that the sky is likely to fall. Drilling down to sector sell/buy ratios, four sectors recorded bullish one-week sell/buy ratios over the past week, while two recorded bearish sentiment. Communication Services, Healthcare, Real Estate, and Utility were all bullish during the period, while Information Technology and Materials were bearish. While volume was light across most sectors, this was not the case for Information Technology, where 174 transactions resulted in a particularly high (bearish) sell/buy ratio of 173.0. Zooming out, six sectors recorded a bullish eight-week sell/buy ratio, including Consumer Discretionary, Consumer Staples, Financial, Healthcare, Industrial, and Real Estate, while Communication Services, Energy, and Information Technology were bearish. This week, analysts at Vickers highlighted insider transactions of interest at United Rentals Inc. (NYSE: URI) and PriceSmart Inc. (NGS: PSMT).