[SignalPlus Macro Analysis] Risk aversion continues to rise, with stocks, bonds and cryptocurrencies all falling. Fed officials continued to backtrack on Powell's dovish comments at the March FOMC meeting in an attempt to roll back expectations of any imminent rate cuts. Bond investors may be starting to get nervous, with the 10-year yield heading towards 4.50% and the odds of a rate cut in June now looking 50/50. Oil prices have quietly climbed back to 2023 highs around $85 a barrel and are up 20% this year. The U.S. dollar continues to appreciate abnormally against most major currencies, putting tremendous depreciation pressure on currencies such as the renminbi. Cryptocurrency prices have plummeted, with BTC falling from 69k to a low of 64.5k yesterday. Volatility may continue for a while in the short term, and the U.S. government may sell tokens back to fiat currency.