Crude oil posted a 35% weekly surge and wiped out every major index’s year-to-date gain, pushing stagflation fears from tail risk to base case. The team breaks down the structural damage underneath the surface — with only 4% bullish sentiment and two-thirds of stocks already broken — and identifies the only sectors with tailwinds: energy and defense. Four specific setups and two Monday scenarios give traders a concrete game plan heading into a weekend packed with geopolitical risk.