Investors favor ‘anything but bonds’ as Treasuries struggle - BofAf
MSN·- Investors increasingly favored assets outside bonds due to elevated Treasury yields weighing on long-duration government debt. - This trend reinforced Bank of America’s "Anything But Bonds" investment thesis. - The strategy remained a core asset-allocation conviction for the 2020s alongside other global allocations.U.S. national debt about to reach bleak $40 trillion milestone - and it's likely hit $50 trillion soon
MarketWatch·- The U.S. national debt is approaching $ 40 trillion, with Bank of America strategist Michael Hartnett predicting it will reach $ 50 trillion by July 2029. - Annual interest servicing costs have reached $ 1.5 trillion, reinforcing market sentiment against fixed-income investments and driving investor preference for equities. - Hartnett recommends long-duration assets, gold, and emerging markets while advising caution regarding potential risks in AI stocks and bond yields.S&P 500 Top Stock Gainers Today, 8/6/26
Tip Ranks·- The S&P 500 closed lower on Thursday amidst a continued market sell-off following a recent rally. - The energy sector outperformed as Brent crude rebounded nearly 4 % driven by geopolitical uncertainty surrounding the Strait of Hormuz. - The real estate sector suffered the steepest declines after Freddie Mac reported that 30-year mortgage rates rose for a fifth consecutive week to 6.69 %.Mortgage rates tick slightly higher amid Iran, inflation uncertainty
Fox News·- Mortgage rates slightly increased this week, with the 30-year fixed mortgage averaging 6.49%, up from 6.47% the prior week. - The Federal Reserve's recent decisions to maintain interest rates aim to address ongoing inflation concerns, which have been impacted by geopolitical factors, particularly the Iran war. - Economic indicators, including the personal consumption expenditures index, suggest that rate hikes could occur before the year's end, given inflation rates exceeding the Fed's target.