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 USD – 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. The...