Overnight Global Macro Market Report Friday, May 29, 2026 Global Overview The overnight tone remains constructive and is arguably the strongest risk-on backdrop we have seen since the Iran conflict began disrupting markets earlier this spring. The key shift: The market is now receiving simultaneous support from: • Lower oil prices • Stabilizing Treasury yields • Improving geopolitical expectations • Strong AI leadership • Expanding global risk appetite World equity markets have reached fresh record highs overnight while oil prices fell sharply on reports that a U.S.-Iran ceasefire extension and Strait of Hormuz reopening agreement may be nearing completion. Brent crude fell roughly 2% and is on pace for its largest weekly decline since early April. This matters because the dominant macro headwind of May was oil. Full Report

Overnight Global Macro Market Report Thursday, May 28, 2026 Global Overview The overnight tone remains constructive, though the market is beginning to show signs of digestion after a strong multi-session recovery off the mid-May macro stress lows. The key point: The macro backdrop continues improving, but momentum is no longer accelerating aggressively. Current environment: • Oil continues easing from the panic highs • Treasury yields remain contained • Dollar stable to slightly softer • Equities higher but more selective overnight • Volatility continuing lower Global equities are mostly firmer overnight as investors balanced cooling oil prices and stabilizing Treasury yields against stretched positioning in AI and semiconductor leadership. Full Report

Overnight Global Macro Market Report Wednesday, May 27, 2026 Global Overview The overnight tone is constructive, with global equities extending higher as markets continue responding positively to easing oil prices, stabilizing Treasury yields, and improving optimism surrounding the fragile U.S.-Iran truce. The key shift: The market is transitioning away from the acute macro stress phase that dominated mid-May. Full Report

Overnight Global Macro Market Report Tuesday, May 26, 2026 Global Overview The overnight tone is constructive following the long holiday weekend, with global equities moving higher as markets respond positively to easing geopolitical stress, softer oil prices, and stabilization in Treasury yields. The key shift: Markets are beginning the week with a more supportive cross-asset backdrop after several weeks dominated by: • Elevated oil • Inflation concerns • Treasury funding stress • Rising long-end yields Overnight, those pressures eased materially. Full Report

Overnight Crypto Macro Review Tuesday, May 26, 2026 Crypto is trading with a much more constructive tone overnight as the broader macro backdrop improves materially following the holiday weekend. The key shift: For the first time in several weeks, crypto is receiving simultaneous support from: • Lower oil prices • Stabilizing/lower Treasury yields • Softer dollar conditions • Lower volatility • Stronger global risk appetite That combination matters enormously for crypto. Full Report