Just watched the market close Friday and man, the damage was real across the board. S&P down 0.43%, Dow down over 1%, and honestly the bank sector got absolutely hammered. Wondering why did bank stocks drop today? The collapse of that UK private lender Market Financial Solutions spooked everyone about rising loan defaults. American Express, Goldman Sachs, Morgan Stanley all tanked hard, down 6-7% each.

But it wasn't just banks dragging things down. Chip stocks sold off too - Nvidia down 4%, semiconductor names bleeding across the board. And the software crowd didn't help either, with Zscaler leading cybersecurity lower down 12%. Meanwhile, Iran tensions are heating up with Trump threatening military strikes and crude oil jumping to 7-month highs, which crushed airline stocks. United down 8%, the whole airline crew got hit.

There was some bright spot though - the Chicago PMI came in hot at 57.7 (way better than expected), and Dell absolutely ripped it 21% higher after crushing their AI server forecast. Plus bond yields fell to 4-month lows which helped stabilize things. But yeah, between the banking sector stress and geopolitical noise, Friday was definitely one of those days where you're watching your portfolio and wondering if the selling is done or if there's more to come.