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.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 %.Redfin: US pending home sales hit 3-month low as mortgage rates rise to 6.85%
PUBT·- Redfin reported that rising mortgage rates pushed US pending home sales to a 3-month low. - The 30-year mortgage rate climbed to 6.85 %, causing a 1.7 % month-over-month drop in pending sales and a 4 % decline in mortgage purchase applications. - Active listings reached 1.49 million with 3.6 months of supply, maintaining strong buyer bargaining power as sellers outnumbered buyers.