Post #16060

Markets Reprice Fast After Trump's Speech (Full Coverage) Markets didn’t like what they heard. Trump killed any near-term hopes of de-escalation, and everything repriced fast. Oil ripped higher—Oil up ~14% back above $113—as there’s still no real plan to reopen Hormuz. And once oil moves like that, everything else follows. Equities sold off across the board, bonds got hit, and yields pushed higher as traders started leaning into a “higher for longer” rate environment again. The dollar caught a bid, while gold actually pulled back after its recent run. On rates, expectations shifted pretty aggressively—Fed cuts for 2026 are basically off the table now, while hikes from the BoE and ECB are getting priced in more confidently. There’s also a positioning element here. Going into a long holiday stretch, traders are trimming risk—and the recent pattern says it all: early-week strength gets faded hard into Thursday and Friday. This was a clean risk-off move driven by oil and geopolitics. - Alan