U.S. stocks have posted 11 consecutive gains—the longest streak in six years—and reached a new all-time high. Last month, the situation in Iran plunged into a gold rush, but now the market believes Iran will compromise, shifting from one extreme to another. U.S. inflation data for March was also strong: although oil prices surged sharply, the U.S. economy showed no signs of losing control, further boosting expectations of rate cuts. This level is approaching overbought territory with looming pullback pressure. Bitcoin has only just started to recover—please don’t let it crash again.