Global markets are experiencing increased volatility amid repeated expectations of geopolitical conflicts and economic data exceeding expectations. Changes in statements from the US and Iran have driven oil prices higher, with WTI rising over 7% in a week. Coupled with strong retail, ISM, and non-farm payroll data, US stocks rebounded, precious metals hit new highs, and cryptocurrencies followed risk appetite higher, with Bitcoin approaching the $70,000 resistance level. Overall, macro variables still dominate market momentum, with capital behavior remaining cautious and structurally adjusted amid fluctuations.