Range-Bound but Reactive: The Growth–Inflation–Earnings Tug‑of‑War and the Week Ahead
Markets stayed data-sensitive, balancing growth resilience, disinflation, and earnings quality. Equities saw rate-driven rotation and dispersion; front-end yields moved with data; the dollar followed differentials; oil and gold reflected geopolitics and real yields. Near term, expect range-bound trade; watch labor, inflation expectations, housing, Treasury supply, earnings, Fed speak, and geopolitics.