Trump's visit to China ended, the first phase of the Clarity Act landed, and the market's attention is refocusing on the Strait of Hormuz.
Crude oil remains steady above $100, and inflation is making a comeback. Iran is pushing its own ship fee plan, which Trump clearly opposes. With both sides clashing, geopolitical risks are heating up again.
More importantly, the US 10-year Treasury yield (US10Y) has surged close to 4.6%. If oil prices stay high, rate cuts are basically off the table. Trump is likely to take some action.
Another big event this Thursday: NVIDIA's Q1 earnings report. Whether the US stock market's recent short-term rally can continue depends on it. As long as the earnings are solid, the market will have the confidence to keep pushing. $BTC
Crude oil remains steady above $100, and inflation is making a comeback. Iran is pushing its own ship fee plan, which Trump clearly opposes. With both sides clashing, geopolitical risks are heating up again.
More importantly, the US 10-year Treasury yield (US10Y) has surged close to 4.6%. If oil prices stay high, rate cuts are basically off the table. Trump is likely to take some action.
Another big event this Thursday: NVIDIA's Q1 earnings report. Whether the US stock market's recent short-term rally can continue depends on it. As long as the earnings are solid, the market will have the confidence to keep pushing. $BTC