Last week: Performance
There was nowhere to hide in the holiday-shortened week, as gold, bonds, and all major equity benchmarks were lower. Energy was the top-performing sector while communications and tech also eeked out gains. Healthcare lagged, posting its worst week since March.
Last week: The most important moves
Oil breaks out in a big way
Its 8-day winning streak (the longest since 2023) finally ended on Friday.
Driving the 10-year yield to its 2023 highs at 5%
Stocks start to feel the pressure
Thursday saw the most one- and three-month lows in the Russell 3000 since March, and the most six- and twelve-month lows since May.
S&P 500 briefly loses 7621
Popped back on Friday with a 0.9% gain. The chop continues.
