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CICC Wealth Futures: The geopolitical crisis is not yet over
U.S. President Trump once again loudly boasts about winning-themed theories, aiming to protect economic interests and stabilize the core MAGA base, while also throwing out extremely irresponsible remarks suggesting that the Hormuz issue is none of his business. However, we believe that winning-themed theories cannot be equated with TACO. Although Trump has tried hard to justify the reckless war he launched, he cannot change the facts that U.S. gasoline prices have surged and inflation has continued to rise. In reality, the U.S. military is still carrying out intense bombardment of Iran, threatening strikes against that country’s critical infrastructure, including energy and power facilities. The geopolitical crisis has not gone away. (China Fortune Futures)