Point of View: The Federal Reserve Has Over-Eased, with a 65% Chance of Stagflation in the United States

May 29th: Trump tweeted, “Iran has got to agree to never get nuclear weapons or bombs. The Strait of Hormuz opens right now, no more transit fees, and all ships can pass freely both ways. Any mines there? All of ’em get cleared. We already blew up and removed tons of mines in our mine-clearing op, and Iran has to get rid of or blow up whatever’s left—shouldn’t be many. Ships stuck in the Strait of Hormuz for 11 months because of our ‘unprecedented naval blockade’ can head home now. 11 months back, after a massive B-2 bomber strike, the highly enriched uranium buried underground under tons of collapsed mountains—they call it ‘nuclear dust’ sometimes—will be dug up under U.S. watch. We’ll work hand in hand with Iran and the International Atomic Energy Agency (IAEA) for this, and the material gets destroyed eventually. No money changes hands until we say so. We also locked in deals on a bunch of smaller stuff. I’m heading to the Situation Room right now to make the final call on this. T

May 29 — Mehdi Hosseini, a quant trading analyst at Susquehanna, sharply hiked Micron Technology (MU)’s price target from $600 to $1,750 while maintaining a "Positive" rating on the stock. Hosseini noted channel checks indicate Micron’s DRAM average selling price (ASP) for Q2 is projected to rise 50%-60% quarter-over-quarter (QoQ), outpacing the market’s prior consensus estimate of 50%. For NAND, ASP is expected to stay flat or climb 75%-100% QoQ. Driven by confidence in sustained strength of storage product pricing and profitability, Susquehanna has lifted earnings projections for its covered storage sector companies. Per Bitget data, Micron (MU) traded up 3.39% on the day, fetching $955.67.

On May 29, per Bitget’s market data, the U.S. stock storage sector extended its gains. Micron Technology (MU) rose nearly 5%, SanDisk (SNDK) climbed 1.9%, and Seagate Technology (STX) advanced 1.4%.

May 29: Per monitoring by Onchain Lens, a whale sold 10,000 ETH within the past 30 minutes, valued at around $19.82 million. Over the past week, the same whale has sold a total of 45,000 ETH, totaling approximately $92.15 million in value, with an average selling price of roughly $2,048.

May 29 — Leading market maker Wintermute is entering the prediction market space, rolling out two-way liquidity (bid-ask pricing) for event contracts on major prediction market platforms. The firm confirmed it’s currently providing both buy and sell quotes for active event contracts. Monthly trading volume across related platforms has topped $20 billion, while Polymarket and Kalshi have combined for over $150 billion in cumulative historical trading volume as of April 2026. Jake Ostrovskis, Wintermute’s head of OTC trading, noted the prediction market is displaying demand patterns on par with large asset classes, though its liquidity remains in the early stages. “Sustained two-way liquidity will help narrow bid-ask spreads, accommodate larger-scale trades, and boost the quality of probability signals reflected in market prices,” Ostrovskis said. The move follows prior entries into the space by peers including Jump Trading and Galaxy Digital, which previously launched prediction market

May 29 — Amid the outbreak of hostilities in Iran, roughly a quarter of non-Iranian large oil tankers initially stranded in the Persian Gulf when the conflict began have gradually managed to break free via slow, covert maneuvers and successfully departed the area. Per shipping data compiled by Bloomberg, a total of 109 large vessels (defined as those with a carrying capacity of 700,000 barrels or more) became trapped after fighting erupted on February 28, when the Strait of Hormuz was effectively closed. As of press time, 29 of these vessels have safely transited this strategic chokepoint. While the cargo released so far accounts for only a tiny fraction of the total crude oil and refined products still stranded in the Gulf, against the backdrop of a rapidly shrinking global market inventory buffer, this cargo was immediately snapped up by the market upon hitting the market. Additionally, as many vessels have disabled their Automatic Identification System (AIS) to avoid risks, the act