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Market Pulse

A sharp upside surprise in inflation has jolted markets out of their comfort zone, sending bond yields higher and pushing stocks off recent highs while war spending in Iran adds more fuel to the pricing fire. The key question now is whether this is the start of a “second wave” of inflation or a short-lived flare-up driven by energy and shelter, and markets will trade headline to headline as that debate plays out. For investors, the tension is between richly valued growth and AI winners facing valuation pressure, and real-asset plays like energy, commodities, and nuclear that increasingly look like structural beneficiaries of both inflation and geopolitics. Crypto is proving its contrarian streak again, with Bitcoin holding near record levels even as traditional risk assets wobble, underscoring how fractured this macro regime has become.

Updated May 12, 2026 · Weekly Market Overview - 5/12/2026 post inflation print