Alex and Selim talk about the week where markets lurched between record highs and sharp reversals as the US-Iran ceasefire proved anything but stable — exchanges of fire in the Strait of Hormuz, Iranian missile strikes on the UAE, and yet a White House insisting the pathway to negotiations remains open. A strong US April payrolls number contrasts with slowing Europe and the UK economies. Turkey bears some of the sharpest pain, with April CPI rising significantly.