Trump said that the U.S. and Iran had very good and productive discussions over the past two days to completely resolve hostile actions in the Middle East. As a result, all military strikes against Iranian power plants and energy infrastructure will be postponed for five days. The market surged across the board, which can be seen as a signal that talks are underway. After more than ten days of saying "talks through pressure," we can finally see the shadow of negotiations. Will this signal be effective? It depends on Iran's response. Because war is not a trade station, tariffs were imposed by Trump, so he lowering them is welcomed by opponents. Regarding the situation with Iran, if Trump wants to de-escalate, it will depend on whether Iran takes the bait. The core issue still revolves around the normal passage through the Strait of Hormuz (without tolls or other conditions). Negotiations may be a process that involves ups and downs. Overall, it at least confirms that there should be substantial contact between the U.S. and Iran. I have to say, Trump really understands market sentiment. We just talked in the morning about how the market's patience for geopolitical disturbances can last until the final week, and then Trump gave us a week in the evening.