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Your Saturday Briefing: A Bad Week for Wall Street

Something for the weekend

A young grizzly bear at London Zoo, 1931.
A young grizzly bear at London Zoo, 1931.Photographer: Fox Photos/Archive Photos

Well, hello there.

What a week it’s been. Battered by central bankers hellbent on tightening monetary policy, Wall Street may be nearing a tipping point with the S&P 500 down nearly 5% over the past five days, the dollar at a two-decade high and Treasury yields leaping to levels seen more than a decade ago. It’s no wonder investment managers are throwing out their long-held playbooks and bearish traders are flocking to protection at a record pace.