The agenda is busy and we see that new developments affect the charts every minute. BlackRock CEO Larry Fink made an important statement. While the article was being prepared, Trump and Trade Minister Lutnick were also making statements. PCE data will arrive at 18:00 and there is about 1 hour left until the US market open.
Trump, Fink and Lutnick Breaking News
The statements of three important names come one after another. In the last year with cryptocurrencies and BlackRock CEO Fink, who made extremely supportive statements especially about Bitcoin, touched on the AI bubble discussions. The most important part of his speech was the part he emphasized by saying, “I sincerely believe that there is no artificial intelligence bubble.”
We have seen AI bubble discussions cause massive declines in cryptocurrencies. The supportive statement now made by the world’s largest asset manager on this issue should at least improve the outlook for 2026.
Trump’s His interview with Fox Business has just finished and here are the highlights:
“We fortunately never needed NATO tariffs. If Europe sells US assets such as bonds, we will retaliate heavily. (Many pension funds sold US bonds this week in response to Trump.)
We will buy more military equipment. My affordable price policies will come into effect quickly. We will prepare a budget, but it is too early for that right now. Our message to Putin is that the war must end. The meeting with Zelenskiy went well.
“If we win the customs duty case, we will pay our debt.”
US Secretary of Commerce Lutnick touched on many important issues;
“Our relations are “excellent” (with Europe and Canada)
The Greenland framework is based on national security. The US-EU trade deal probably won’t be “suspended.” Aggressive US style attracts the attention of partners.
Carney’s China speech should be dismissed as political noise. “Europe overreacted regarding Greenland.”
BTC Although there is a decline for now due to GDP data, the decline should not deepen as interest rate cut expectations have already decreased in the short term. Markets expect the Fed to make 2 interest rate cuts this year, and as employment remains strong, GDP growth today scared investors that “also 2 interest rate cuts could be in jeopardy.” For now, Trump and his team’s statements are in favor of cryptocurrencies, but the Supreme Court tariff decision is still a significant pressure.
