Fidelis Capital publishes monthly market recap focused on rising Treasury yields, inflation concerns, sector rotation
SPY•Fed policy and oil prices
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.
Equities and sector rotation
US equities were mixed: S&P 500 +0.1%, Dow +0.4%, Nasdaq -3.2%; flows rotated out of Technology into Energy, Healthcare, Financials.
Market recap highlights volatility
Fidelis Capital outlined a volatile month as investors weighed resilient US data against rising yields, inflation concerns, oil shocks, and geopolitical risk.
Treasury yields and mortgage rates
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%.
