Since Trump started his second term, he’s been messing around with tariffs, but it doesn’t seem like he’s achieved much. The big crash in ‘25 was triggered by tariffs, and then in ‘26, they were ruled invalid. After that, he started targeting Venezuela and Iran. Even when the situation in Iran was stuck for over half a year, he still went on to provoke Canada. Honestly, I’m not optimistic about the Republicans in the midterm elections, especially if they’re going in with high oil prices. The most important data next week is the non-farm payrolls, but right now, it doesn’t have much impact on U.S. monetary policy. Even if unemployment rises and labor participation continues to drop, it’s not as scary as inflation going up. And the main reasons for inflation are all tied to Trump. That said, I don’t think the Fed will raise rates in September—personally, I see that as highly unlikely. For the past couple of days, people have been saying that even though the U.S. and Iran haven’t resolved their issues, the Strait of Hormuz is no longer just America’s problem. Either they acknowledge Iran’s jurisdiction over Hormuz and pay to pass through, or they keep resisting alongside the U.S. The latter option faced another attack today, making passage even harder. But oil prices are still dropping because more and more are choosing the first option. The most stable asset this weekend has been Bitcoin. Even though it pulled back last week after Walsh’s hawkish speech at Jackson Hole, it’s been climbing all weekend and is about to hit $80,000 again. This shows that investors are still very interested in bitcoin:native. Next week, we’ll need to carefully consider the dual-currency strategy. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all in one platform!