After four consecutive red sessions, U.S. markets staged a strong rebound as if the pressure had finally been released: S&P 500 +1% Nasdaq 100 +1.4% Crude oil briefly broke below the $100 level, easing energy risk sentiment almost instantly, and in the same breath, Bitcoin bounced back toward $78K, tracking the return of risk-on liquidity. But what truly moved the market wasn’t just price action. It was the narrative shifting underneath. U.S. – Iran: approaching a “final-stage” negotiation #DelayNotCeasefire Middle Eastern media reports suggest intermediaries are working with Iran to review a near-final draft peace proposal, with direct talks expected between May 24–29. Shortly after, Donald Trump also stated: “A peace deal is getting very close.” Markets understand this clearly: When geopolitical risk cools, risk premia embedded in oil and the dollar unwind fast. And that’s exactly what the market started pricing in. SpaceX IPO + AI resilience #SpaceXIPOCountdown SpaceX has officially filed for a Nasdaq IPO, targeting a potential $2 trillion valuation, one of the largest listings in history. This has reignited capital flows around Elon Musk-linked mega deals, pulling in major financial institutions like Morgan Stanley and Goldman Sachs. Meanwhile, NVIDIA’s latest earnings continued to show strong AI-driven growth, helping ease fears of an “AI bubble” forming across the sector. #FedMeetsNVIDIAMay20 The Fed: one era quietly closing The latest FOMC minutes were largely ignored by markets. For a simple reason: This is effectively Powell’s final meeting. Attention has already shifted to Friday, when Kevin Warsh is expected to be sworn in as the new Federal Reserve Chair, marking the beginning of a potential regime shift in U.S. monetary policy and USD direction. Overall, today’s move is not just a “green session.” It feels more like a broad repricing of macro expectations: - easing geopolitical risk - resilient AI narrative - and anticipation of a new Fed regime And in moments like this… Bitcoin rarely stays on the sidelines $BTC $ETH