Pulse

Friday close: 700 428.40 (+0.7%), 9988 107.50 (+0.6%), 3690 75.10 (+0.5%), 1810 26.36 (+1.7%) — mild variance, no stress

XiaoMi led consumer tech; internet complex steady into the weekend

Friday: SPY 764.29 (+0.9%), QQQ 714.88 (+0.9%) — indexes recovered late week

NVDA 218.29 flat, TSLA 365.44 (+0.5%)

GLD 398.77 (+0.6%) — gold still bid; TLT 80.87 (+0.1%) bonds steady

Resources vs financials divergence is the week's defining AU trade; uranium names sold despite broader index only down ~1%

Gold near highs, bonds stable — no funding stress signal

Desk uranium exposure needs Monday plan: stops tripped, do not double down before confirmation of a base

BHP/RIO pullback looks macro-driven (bulk), not idiosyncratic; banks bid suggests rotation not flight

US tape calm into weekend; watch Monday for AU open gap in miners off Friday's metals move