US consumer sentiment just hit its lowest level in 74 years — 47.6 — as gasoline prices surged 21.2% and annual CPI climbed to 3.3%, the highest since April 2024. Despite that, a fragile US-Iran ceasefire drove the Nasdaq up 4.7% and the S&P 500 up 3.6% for their best week since November, though a cautious Friday session showed just how fragile that confidence is. We break down oil's retreat below $100, Strait of Hormuz supply risks, Treasury yield moves, and key market movers — including Organon's 28% jump on a reported $12 billion takeover bid, CoreWeave's 11% rally on an Anthropic compute deal, and a 13% collapse in Cloudflare.

Hosted on Acast. See acast.com/privacy for more information.