Stocks, Bonds And Oil All Seeing Weakness

Key Takeaways

• Five Month Win Streak For Stocks In Jeopardy
• Oil Prices Falling
• Bond Pullback Making Mortgages More Expensive

It’s been a rough week for most asset classes heading into Friday. For the week, the S&P 500 is off 2%, including losses of 0.8% on Thursday. The Nasdaq Composite is down 2.5% this week after falling over 1% on Thursday and is down over 7% for the month. With just a couple weeks left in August, what has been a five-month win streak for equities is in danger of being snapped.