Bessent’s Billion Buyback Fizzles, the Bond Rally Suffocates, and an Oil Shock After Trump’s Threat of Economic Warfare Against Iran Pushes Brent Towards $95 – Wall Street Heads Towards Its Fifth Consecutive Loss,While Walmart’s Weakest Growth in Over Six Years Raises New Economic Concerns – Bitcoin Breaks Above 70,000 for the First Time in Two Months

USA & MACRO-ECONOMIC SITUATION Wall Street remains under pressure The S&P 500 is down 0.16%, the technology-heavy Nasdaq 100 loses 0.22%, heading towards its fifth consecutive day of losses. Once again, the bond market is at the center of the action – with the notion that everything in finance currently revolves around US Treasuries. The initially strong bond rally is losing momentum: The yield on ten-year government bonds climbs back to 4.70%, while the thirty-year securities mostly give up their gains from the previous day. ...