Three markets are converging on decisive levels at once: Brent crude is testing $120 resistance on Middle East supply risk, the US 10-year yield is holding near 5% as inflation and growth fears compete, and Nasdaq is barely clinging to 25,803 support on AI-financing concerns. With the Fed, GDP, PCE and Big Tech earnings all landing next week, the interaction between these three could matter more than any single move.
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