✅ **U.S. Market Recap: Stocks Suffer Worst Day Since March as Bond Selloff Intensifies** 🔹 A global bond selloff halted the equity rally as investors grew concerned that central banks may need to stay hawkish for longer to fight inflation, especially with oil prices remaining elevated. 🔹 The **S&P 500 fell 1.2%**, marking its biggest one-day drop since March. Semiconductor stocks — which had led the rebound from war-driven lows — plunged **4%**. Meanwhile, the **U.S. 10-year Treasury yield moved above 4.5%**, Japan’s **30-year bond yield hit 4% for the first time ever**, and UK long-term bond yields surged to their highest levels in **28 years** amid political turmoil. 🔹 The **U.S. dollar extended its weekly rally**, while crude oil held above **$105/barrel**. With no clear resolution to the Iran-related conflict, markets increasingly fear that an effective closure of the **Strait of Hormuz** could deepen energy disruptions and fuel inflation further. 🔹 A series of hotter inflation reports this week pushed traders to increase bets on further Fed tightening. 🔹 Trump said he has not pressured Chinese President **Xi Jinping** to intervene with Tehran over reopening the Strait of Hormuz, while China’s Foreign Minister **Wang Yi** stated that Beijing believes the waterway should reopen as soon as possible. **Bottom line:** Rising yields, sticky inflation, and geopolitical uncertainty are putting serious pressure on risk assets. #MarketOverloadWeek #USRejectsIranPeaceDeal #CPI+PPIDoubleBeat