Stocks had another volatile week with oil, bond rates, and concerns over artificial intelligence (AI) dominating the headlines. Oil is moving lower, but investors should expect a higher floor as the demand for oil and natural gas remains insatiable. A 10-year Treasury rate of over 5% adds another headwind for stocks.
The next round of earnings won't kick off until mid-October. Until then, stocks are likely to move on headlines rather than fundamentals. But earnings are still the story, and they're expected to stay strong in the quarter that's ending. Many analysts believe that will spark a rally into the end of the year regardless of what happens with interest rates.
