Fidelis Capital publishes monthly market recap focused on rising Treasury yields, inflation concerns, sector rotation
Reuters2026/08/06 16:55- Fidelis Capital outlined a volatile month as investors weighed resilient US data against rising yields, inflation concerns, oil shocks, and geopolitical risk.
- US equities were mixed: S&P 500 +0.1%, Dow +0.4%, Nasdaq -3.2%; flows rotated out of Technology into Energy, Healthcare, Financials.
- Treasury yields climbed, with the 10-year near 4.7% and the 30-year at 5.274%, the highest since 2007; 30-year mortgage rates rose to about 6.7%.
- Fed held rates at 3.5%-3.75% on a 9-3 vote; markets priced two hikes in 2026, with the next expected in September.
- WTI crude hit $92 a barrel intramonth, up more than 20%; the move was tied to renewed Iran conflict risk around the Strait of Hormuz.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crude oil is "coming back", but refined oil is "not coming back"; the global refining gap is widening.
According to Goldman Sachs, global refined oil exports have declined by about 6 million barrels per day year-on-year, with the Gulf region and Russia contributing three-quarters of the decrease. Unlike crude oil, which can be rerouted, damaged refineries cannot be relocated, and the Gulf region's refined oil exports have only recovered to 40% of pre-war levels. Goldman Sachs expects global refinery utilization rates to recover only by the second half of 2027; based on this, it has more than doubled its forecast for diesel profit margins in 2027.
Data: Detected an outflow of 35.11 million USDT from a certain exchange
SK Hynix CEO: Memory chip shortage will persist until 2030
Crypto prices
More
