Markets hit new highs this week, but under the hood, things are anything but settled. Anthony and Piers unpack the Nasdaq’s breakout, Nvidia’s relentless rally, and why a historic rebound might be more than just a bounce.

They dig into Trump’s latest attack on Powell and the rise of a “shadow chair” theory already shifting rate expectations—and markets.

Plus, why Iran’s missile strike on a U.S. base sent oil crashing, not soaring. From data to geopolitics, this episode filters out the noise and finds the signal.

(00:00) Intro & Themes in Focus

(01:50) Market Resilience Amidst Turbulence

(08:12) Nvidia Back on Top

(13:18) Trump's Influence on Monetary Policy

(25:18) Geopolitical Tensions and Market Reactions