MACRO DIGGING UPDATE
SOMETHING TO CONSIDER AS REGARDS THE MIDDLE EAST TENSION;
Vix didn't bulge much currently unlike the tariff hike
Credit spread didn't widen which usually tells the global funding market's health.
Oil might see a local top here hence bringing down the inflation pressure.
The probability of Iran closing the Strait of Hormuz is low considering that China is their biggest oil customer and a critical major source of revenue.
THESE TELL YOU WHAT IS CURRENTLY GOING ON ARE ALL NOISE.