"The 'Anchor of Global Asset Pricing' flexes its muscles as both US stocks and bonds suffer this week. The Dow Jones Industrial Average experiences its worst weekly decline since March, while the S&P 500 continues its downward trend for the eighth consecutive month."

"The 'Anchor of Global Asset Pricing' did not exert its influence on Friday, and the US stock market struggled to rebound. The Dow Jones Industrial Average barely halted its three-week decline, marking the largest weekly drop in five months since the collapse of Silicon Valley Bank. The NASDAQ Composite Index experienced its fourth consecutive weekly decline, setting a new record for the longest continuous decline in seven months. The S&P 500 index remained almost unchanged, recording the longest continuous decline in nearly six months. Tesla fell by 11% in a week. Chip stocks rebounded during intraday trading, with Nvidia bouncing back by 6% after a significant decline last week. Chinese concept stocks retreated, with NIO falling by over 7%, XPeng Motors dropping by over 5% after its earnings report, and JD.com declining by over 4%. The yield on the 10-year US Treasury bond retreated, failing to approach the high levels seen since 2007, and continued to rise for the fourth consecutive week. After reaching a two-month high, the US dollar index reversed its gains but still recorded a five-week increase. The offshore renminbi initially rose by over 200 points but then declined. Crude oil rebounded for several days but still experienced a weekly decline of over 2%, marking the first cumulative decline in two months. Gold ended its nine-week decline, temporarily bidding farewell to its five-month low, but still recorded the largest weekly drop in nearly two months, marking the fourth consecutive week of decline."