According to @business, insurance-related stocks extended a selloff on Thursday after weak earnings from Marsh McLennan, Progressive, and Travelers pressured the sector. According to @business, the results cast a pall over the group and stoked growth concerns that weighed on sentiment. According to Kaiko (Q2 2024 Market Report), BTC has at times maintained a positive rolling correlation with U.S. equities, making equity-driven risk-off episodes relevant for crypto positioning.

According to Edward Dowd, the significant drop in 10-year Treasury yields on Friday occurred despite the core Personal Consumption Expenditures (PCE) index exceeding expectations. This movement is attributed to market participants shifting their focus towards potential growth concerns, indicating a reevaluation of economic outlooks that could impact future trading strategies.