# Optimistic exuberance to come?

Page: https://stenobird.com/podcast/nab-morning-call-427359/optimistic-exuberance-to-come
Text version: https://stenobird.com/podcast/nab-morning-call-427359/optimistic-exuberance-to-come.md
Podcast: [NAB Morning Call](https://stenobird.com/podcast/nab-morning-call-427359)
Published: 2026-05-24T20:35:40+00:00
Episode link: https://shows.acast.com/morningcall/episodes/optimistic-exuberance-to-come
Audio file: https://sphinx.acast.com/p/open/s/631a89913c2be9001415dc41/e/6a13611e80978431da8933b7/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/nab-morning-call-427359/episodes/optimistic-exuberance-to-come
Duration seconds: 927

## Resource

Monday 25th May 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services - NAB diplomatic signals from the U.S. and Iran. While Donald Trump and Marco Rubio teased an imminent breakthrough that briefly sent Bitcoin surging 2%, the administration subsequently walked back the timeline, advising negotiators "not to rush". Ray notes that while both sides have reportedly softened their unrealistic demands—such as Iran dropping shipping toll requirements and the U.S. easing off proxy funding restrictions—the immediate reality points toward a mere 60-day ceasefire extension rather than a comprehensive resolution. Meanwhile, a single Iraqi crude supertanker successfully traversed the closed Strait of Hormuz, but with global inflation pressures mounting, new Fed Chair Kevin Warsh faces a tough call on rate paths, keeping the global economy in a state of tentative, risk-sensitive suspense. Hosted on Acast. See acast.com/privacy for more information.

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## Transcript

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