The S&P 500 outlook turned mildly bearish after the index failed to reach record highs, with elevated crude oil and stretched valuations weighing. Fawad Razaqzada, StoneX Media Market Analyst, breaks down why a sharp drop in bond yields failed to lift equities and what is driving the move now. The U.S. Treasury announcement on buying longer dated government debt sparked a rally across risk assets, with gold and Bitcoin responding far more strongly than stocks. Long dated Treasury yields have since resumed their climb, and U.S. government debt near $40 trillion keeps the fiscal outlook in focus. Crude oil has surged another 3 percent, reviving inflation concerns. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fawad_razaqzada&utm_content=share 00:00 - Treasury Rally Fades Fast 00:32 - Stocks Miss the Record High 00:56 - Long Bond Yields Climb Again 01:20 - Crude Oil Revives Inflation 01:37 - Crude and Yields Take Over Like and subscribe for more financial market insights. #SP500 #StoneX #FawadRazaqzada #CrudeOil