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Hawk’s Thursday Brief: Markets defy rate jitters; Xi’s Taiwan warning to Trump; Hormuz flashpoint; abortion pill access upheld; Starmer turbulence
Wall Street’s melt‑up is colliding with fresh inflation worries as geopolitics from Beijing to the Strait of Hormuz keep risk on a knife’s edge. Fed models now point to headline inflation topping 4% in May and bond yields are pushing higher, yet the S&P 500 and Nasdaq closed at records, powered by a blistering semiconductor…
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