Commodities like oil and copper pulled back this week, accelerating a decline that saw crude oil drop more than 7% since the start of the month and copper give back more than 12% to drop below the $4 per ounce level. Growing concerns about a recession are weighing on investor minds and beyond lower commodity pricing, we are also seeing an increase in layoffs and hiring freezes at companies large and small. The stock market saw a big relief rally this week with the S&P 500 up 4.7% for the week and the Nasdaq doing even better with a 5.8% gain.