Market drivers and catalysts
Equities: Ceasefire lifts global stocks, tech outperforms, energy weak, airlines surge
Volatility: VIX drops to 17.5, volatility back to normal, insurance cheaper
Digital assets: Bitcoin steady, IBIT/ETHA rally, crypto stocks surge, stablecoin news
Fixed Income: US treasury yields drop as Fed Chair Powell testifies before House committee
Currencies: The US dollar was sharply weaker yesterday, but stabilized overnight. AUD weak on soft CPI
Commodities: Crude’s geopolitical risk premium evaporates. Platinum back on top
Macro events: US May New Home Sales










