- Investment Literacy Coach
- Posts
- May 21 Wall Street Erases Steep Early Losses as Crude Plunges $6 off Morning Peak
May 21 Wall Street Erases Steep Early Losses as Crude Plunges $6 off Morning Peak
$NVDA $INTU
Mukund Mohan
May 21, 2026
Market
“Wall Street demonstrated immense structural resilience this Thursday, turning an early-morning fixed-income rout into a green afternoon tape.” 😊 😋
The morning was initially gripped by stagflation anxieties: weekly jobless claims unexpectedly declined to confirm a tight labor market, while crude oil surged on waning Middle East peace hopes. Yet, as crude plummeted 2% in a rapid midday reversal, the 10-year Treasury yield fell from its 4.63% morning high to 4.55%, giving equity markets the breathing room needed to absorb a heavy retail-and-tech corporate cycle.
Buy the Book
My new book looks at 320 people’s lives over the last 30 years, from similar backgrounds and tries to explain why some are doing very well from a finance, career and relationships standpoint, but others are struggling. Buy the book today on Amazon.
Insights from the portfolio
Video of the day
Today’s video is on Intuit $INTU ( ▼ 3.53% ) the tax and business accounting software company.
