The world is waiting for a result: around 8 AM Beijing time on Tuesday.
Let's review market prices:
- Oil prices and the dollar jumped and then plummeted.
- Gold prices opened lower, then rose to $4500 (safe haven).
- US stock futures opened lower (safe haven).
The oil crisis has lasted four weeks, showing no signs of abating and escalating further:
- Trump and Iran are threatening each other to attack infrastructure (previously deliberately avoiding civilian facilities).
- Taco has indeed arrived. The US Treasury Secretary came out to cover it up, saying that only bombing Iran would make them understand, and the reason for doing so was to "escalate first and then de-escalate." This should be what the construction department told the US stock market.
- The Fed is in an awkward position. They were discussing interest rate cuts before, but now they can only consider "raising interest rates."
If this continues, interest rate hikes are inevitable, but Trump will definitely take Taco in the end. US stocks are also at a good price, although they haven't reached the stage of a circuit breaker.
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