Viewpoint: Triple macroeconomic pressures suppress risky assets, leaving Trump in an unsolvable dilemma According to BlockBeats news, on July 23rd, market analyst Qinba Frank stated that the Brent crude oil contract hit $100 tonight, the 10-year US Treasury yield broke 4.7%, and the US dollar index once again rose to 101. The deterioration of the macro environment will cause the market to face three types of pressure simultaneously in the short term: rising oil prices, which will push up inflation expectations; US bond yields rise, driving down stock valuations; The strengthening of the US dollar is tightening global liquidity. I personally think that the market is not optimistic in the near future, as the deleveraging of risky assets has not been fully cleared, but macro level suppression is coming head-on. If Brent crude oil breaks through $100 and stabilizes at $90, the 10-year US Treasury yield stabilizes at 4.7%, and the US dollar continues to remain above $101, the big technology represented by the Nasdaq will become the place with the greatest pressure, and gold will also be forced to continue to be under pressure. The failure to open a new route in the Strait of Hormuz and the deaths of American soldiers make it difficult for Trump to immediately turn around in the short term. He may need to feel the extreme pessimism and pressure of the market to back down. Trump may not have accepted a harsh reality: he is no longer able to restore the Strait of Hormuz to its pre war state, and he needs to show toughness from time to time to appease domestic opposition and emotions, in order to boost support and elections. For Trump, either he will indirectly buy back international air traffic rights in the strait, pay Iran huge amounts of money to give up control, or completely destroy the Iranian regime and military strength, but now it seems that Trump has no intention of doing so