Market Analysis: Market Weakness Becomes Apparent Amid US-Iran Conflict

```htmlGolden Ten Data reported on May 28 that BNY Mellon analyst Bob Savage pointed out in a research report that the market is showing increasing signs of fatigue. Bob Savage stated that renewed escalation of military conflict between the US and Iran, rising bond yields, and hawkish guidance from central banks around the world are exerting pressure on both stocks and fixed income markets. Meanwhile, investors are reassessing the sustainability of the rebound momentum in global risk assets. "Central banks are increasingly focused on the persistence of inflation driven by energy shocks and stronger economic growth, which further reinforces the global expectation that 'high interest rates will last longer'," he noted. Savage added that the renewed clashes between the US and Iran have pushed up oil prices, the US dollar exchange rate, and US Treasury yields. At the same time, concerns about supply disruptions in the Strait of Hormuz, along with reductions in strategic reserves, are keeping the energy market in continued turmoil.```