consumer sentiment

Stocks rallied as crude retreated and fear collapsed. But inflation accelerated, consumers lost confidence, and the bond market pushed the 10-year yield to within touching distance of 5%. What Today’s Tape Is Saying Wall Street ended the week by celebrating what did not happen. Oil did not make another run at $110. WTI fell 2.43%

Brent crossed $100, Treasury yields climbed, and stocks fell across the globe. Wall Street is learning that geopolitical inflation doesn’t care about anyone’s rate-cut forecast. What Today’s Tape Is Saying Wednesday gave investors nowhere comfortable to hide. The Dow fell 0.77%, the Nasdaq lost 0.64%, the S&P 500 declined 0.48%, and the Russell 2000 dropped