Wall Street Rallies While Fed Hawkishness Crushes Crypto

Wall Street found its footing in a major way, powered by a structural geopolitical shift that caught the energy markets off guard. The signing of a preliminary U.S.-Iran peace agreement and the subsequent reopening of the Strait of Hormuz has sent crude oil prices sliding, taking a significant bite out of lingering inflation fears [1][2]. Tech led the charge with the S&P 500 climbing 1.08%, completely brushing off a massive $25 billion bond offering from Nvidia and some aggressive regulatory headwind headlines elsewhere [3][4][5]. Yet under the surface of this equity rally, the fixed income and currency markets are telling…