This week packed more drama into four trading days than most months deliver.

Iran tensions escalate and the Strait of Hormuz becomes a real risk.
Oil surges nearly 7% in two sessions.
Gold hovers near $5,000.
The Fed reminds markets it’s not done.
PCE inflation runs hotter than expected.
GDP slows sharply to 1.4%.
Earnings beats get punished on weak guidance.

While equities focused on short-term rotations, commodities and bonds were voting on something much bigger: geopolitical risk and inflation permanence.

When oil spikes and gold holds $5,000, history suggests markets eventually respond.

This is your full February 16–20 weekend market breakdown.

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