Is the market now moving to focus on fundamentals after Iran de-escalation?
Joumanna
Steven Sitchensky
The market is in fundamental oversupply with OPEC+ potentially increasing supply later this year, resilient US shale, and questions about Chinese demand, but it depends on Iran's situation.
Is metals reaction just taking off trades due to Iran news?
Joumanna
Steven Sitchensky
Short-term yes, but long-term view focuses on state of fiat currency, US dollar, Fed independence, and whether Trump administration adds more chaos to geopolitical system.