---
title: "Strait To New Record Highs: Hormuz Hopes Spark Risk-On Wrecking Ball Across Markets"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283188787.md"
description: "Markets reacted positively today, reminiscent of past times when leaders took bold actions to maintain stability. Despite mixed messages regarding the Strait and nuclear negotiations, oil prices fell, leading to declines in bond yields and the dollar, while stocks, gold, and bitcoin surged. President Trump expressed optimism, declaring it a \"great and brilliant day for the world.\" This marks the first positive Friday since the onset of the conflict."
datetime: "2026-04-17T20:02:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283188787.md)
  - [en](https://longbridge.com/en/news/283188787.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283188787.md)
---

# Strait To New Record Highs: Hormuz Hopes Spark Risk-On Wrecking Ball Across Markets

_**Tl;dr**: Today reminded us of the days of yore when politicians and policymakers did (or said) "whatever it takes" to keep the dream alive and **"baffle 'em with bullshit"** was the methodology. Despite, **conflicting/confusing headlines** around opening the Strait and de-nuclearization (Trump extremely enthusiastic that a deal is imminent), markets moved first before thinking with **oil crashing (dragging bond yields and the dollar down)** while **stocks, gold, and bitcoin all ripped higher** and rate-cut odds improved. **The first green Friday since the start of the war.**_

President Trump clarified just how lucky you all are that he's doing what he's doing, stating that **today is "a great and brilliant day for the world!"**

## Oil

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