BlockBeats News, July 23rd, Market analyst qinbafrank stated that tonight the Brent crude oil contract touched $100, the 10-year U.S. Treasury yield surpassed 4.7%, and the U.S. Dollar Index once again rose above 101. The deteriorating macro environment will subject the market to three pressures simultaneously in the short term:

Rising oil prices, pushing up inflation expectations; increasing U.S. Treasury yields, weighing down stock valuations; a stronger U.S. dollar, tightening global liquidity.

Personally, I believe the market is not optimistic in the near term, as the deleveraging of risk assets has not yet been completed, but macro-level suppression is coming. If Brent crude oil breaks through $100 and stabilizes above $90, the 10-year U.S. Treasury yield holds above 4.7%, and the U.S. dollar continues to stay above 101, the Nasdaq representing big tech will face the greatest pressure, and gold will also be forced to continue to be under pressure.

The failure of the new route in the Strait of Hormuz, the death of U.S. soldiers, in the short term, Trump is unlikely to change course immediately. Perhaps he needs to feel extreme pessimism and pressure from the market to back down. "Trump may not have accepted a harsh reality yet: he can no longer restore the Strait of Hormuz to its pre-war status and needs to occasionally show toughness to appease domestic opposition and emotions, for approval ratings and reelection." For Trump, either indirectly repurchase international navigation rights in the strait, pay Iran a huge sum of money to relinquish control, or completely destroy Iran's regime and military power. However, at the moment, Trump seems unwilling to go this far."