Interesting shift in tone here. A senior Russian official pointed out that the latest U.S. National Security Strategy document breaks years of cold rhetoric—for the first time in quite a while, it openly discusses building constructive relations with Moscow.

Why does this matter for markets? Geopolitical thawing typically reduces risk premiums. If U.S.-Russia tensions cool down, we could see capital flow patterns shift. Energy markets, sanctions-related volatility, even crypto's role as a hedge against geopolitical uncertainty—all these factors get recalibrated when major powers signal diplomacy over confrontation.

Not saying we're headed for a full reset overnight. But policy language shifts often precede actual policy changes. Worth keeping on the radar if you're tracking macroeconomic headwinds.