The CB Weekly Market Recap (May 10th – May 16th, 2026) ⚡️   🔴The S&P 500 and Nasdaq both touched fresh all-time highs mid-week before a sharp Friday sell-off wiped out most of the gains. For the week, the indices still finished marginally green (~0.3%), technically extending the winning streak to seven weeks. However, Friday's sell-off was the sharpest single-day decline since the war correction in March - the S&P dropped 1.24%, the Nasdaq shed 1.54%, and the Dow lost 537 points in a single session.   🔴The catalyst for this was inflation data that was materially worse than anyone expected.   🔴Notably, Tuesday's CPI showed headline inflation accelerating to 3.8% YoY driven by gasoline prices up 28.4% and fuel oil up 54.3% on the year. While this was the hottest reading since May 2023, the market had been expecting it. What caught the market off guard was core CPI printing 0.4% monthly and 2.8% annually, both above consensus.   🔴Wednesday's PPI data was worse. Wholesale prices surged 1.4% monthly (triple the consensus) and 6% annually, the hottest since December 2022. Core PPI rose 1% on the month against a 0.4% estimate, with transportation and warehousing up 5% and trade margins jumping 2.7%. This is no longer just an energy story; costs are now spreading through the entire supply chain, from logistics to retail. Nationwide expects CPI to break 4% next month as these wholesale pressures filter through.   🔴This is also the reason the bond market moved so violently on Friday. The 10-year Treasury yield spiked 9 basis points to 4.55% on Friday, it’s highest since June 2025. When the 10-year moves like that, everything with a long duration gets hit - Intel fell 6%, AMD 5.7%, Micron 6.6%, Nvidia 4.4%, and the Russell 2000 dropped 2.1% for its worst session since November. Michael Burry has been comparing the semiconductor chart to the final months of the dot-com bubble for weeks now. #SamsungLaborTalksCollapse #CLARITYActClears15to9 #IsraelPrepsIranStrike