Karen Young is cautious on a quick US-Iran deal, noting it's a streamlined attempt to resume Strait of Hormuz flows, not a nuclear resolution. She expects 3-4 months for oil production resumption and sees the end of the year as a best-case scenario for normal traffic. She advises watching diesel/jet fuel prices more than Brent.

Tracy Chen argues the global bond selloff is not purely driven by the Iran war but by structural factors: term premium repricing, neutral rate repricing, fiscal indiscipline, and aging demographics. She sees 10-year yields reaching 4.75-5% and 30-year yields 5.5-6%. She favors EM bonds like Philippines over DM bonds.

Yan Wong advises chasing the AI momentum as the boom is not over, using a barbell strategy: Asia tech (Korea, Taiwan, China) on one side and commodity-intensive Latam/Indonesia on the other. He sees a strong long-term case for RMB appreciation (20-30% over multi-year horizon) due to China's rapid productivity growth benefiting consumers, leading to deflation and an undervalued currency.

Catherine Thorbecke discusses DeepSeek's permanent 75% discount on its V4 Pro model, which pressures Silicon Valley pricing and threatens Chinese competitors' profitability. She highlights Japan as a country to watch for AI adoption due to its tight labor market and shrinking workforce, giving it a second-mover advantage.