Deal Hopes & Inflation 'Nopes' Lift Stocks & Bonds On Week As Musk Joins '4 Commas Club'

Tl;dr: Supportive macro data (growth >> inflation) and mixed micro (ORCL/ADBE AI disappointing, CHWY consumer resilience) were overwhelmed by the 38th 'deal is imminent' headline, lowering oil prices, bond yields (and rate-hike odds), and the dollar; lifting stocks and crypto.

In the triplet of oil-bonds-stocks, equity markets 'underperformed' on the week...

Oil