On one hand, the market is very optimistic; on the other hand, US Treasury yields are above 5%, which is quite interesting.

Options traders' bearish sentiment toward the US dollar has hit a record low.

According to Bloomberg, put options are more popular than call options. Data from Bloomberg since 2011 shows this is the lowest level on record, even surpassing the brief levels touched five years ago when the pandemic first disrupted the markets.

Back in April when the market crashed, many asked whether to cut losses. At the time, I responded that sharp declines usually see rebounds (Trump is unlikely to lose all votes and support due to tariffs).

Now, I believe the rebound is almost over, and expecting new highs is quite difficult.

You can wait for lower entry points during future negotiations.

The hardest part of trading is waiting—it makes your heart itch...