Oil surging past $100 was clearly the single biggest market driver this week, setting off a domino effect through long-dated yields, risk sentiment, and the STI slide. While headlines focused on product launches like Apple, macro realities dictated actual asset prices. High energy costs directly pressure corporate margins and delay rate-cut expectations globally. In volatile environments like this, macro drivers outweigh single-stock catalyst- keeping cash flexibility and downside risk management top of mind until yield pressures ease.