Five Things Moving Markets: Records, Record Lows, And $100 Oil All In One Week

An 8-week S&P win streak, Waller calling rate cuts “crazy,” and health care quietly having its best week since November. The rotation nobody’s talking about.
Two facts that should not share a calendar week. The Dow closed at a record 50,579.70 and the S&P 500 booked its eighth straight weekly gain. University of Michigan consumer sentiment fell to a record-low 44.8.
Brent crude is still above $103 with roughly 14 million barrels a day at risk through the Strait of Hormuz, and the new Fed Chair’s own colleague just called rate-cut talk “crazy.” The tape is climbing a wall it has every reason to fall off. The real question is what is holding it up.
The Rundown
Five Things Moving Markets
1. Oil › Brent Holds Above $103 As Hormuz Keeps 14M Bpd At Risk
Brent settled above $103 and WTI held nea