US stocks kept kneeling for three straight days, and the bond market is still there to deliver the finishing blow

The Dow, the S&P 500, and the Nasdaq are all moving lower together
This is already the third consecutive trading day closing in the red

What’s really weighing on the market is actually the bond market
The yield on 10-year US Treasurys surged to 4.857%, the highest in more than two years

Oil prices also joined the fun
Brent crude has reclaimed $101, and the combustible atmosphere in the Middle East hasn’t cooled off yet

When energy gets expensive, inflation expectations won’t stay down
The Fed tries to loosen its grip—then looks down and realizes it’s been tied up

Money is the most honest thing
When interest rates stay high, stocks, crypto, and growth assets—no one gets to be comfortable
Bitcoin has been grinding back and forth around the 70–80k range these days and still couldn’t escape

So don’t just stare at a single K-line
The real “steering wheel” is held in the hands of the bond market and the oil market
As long as yields don’t back off, risk assets can only creep along with their tails tucked

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