Stocks extend decline for fifth week and U.S. oil exceeds $100, Mike Shedlock notes

Stocks extend decline for fifth week and U.S. oil exceeds $100, Mike Shedlock notes
Stocks decline U.S. oil surpasses $100

Stocks have declined for five consecutive weeks, with both the Dow and Nasdaq entering correction territory. Mike Shedlock highlights that U.S. oil prices have topped $100, reflecting continued market volatility.

Bond yields are also rising as investors respond to broad market pressures and ongoing political infighting among Republicans. The summary provided notes $WTIC near $100 as a significant market development.

Shedlock has previously noted growing inflation concerns reflected in the U.S. bond market, particularly regarding the 30-year bond here. He has also flagged the risk of China masking U.S. treasury holdings through state-owned enterprises in European markets here. These perspectives add context to recent price moves and investor responses.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.