The trade negotiations between the US, Canada, and Mexico just got a significant boost—officials from the Trump administration are now openly backing a trade deal framework with both nations. Here's what matters for anyone tracking macro trends and asset allocation:

When major economies signal progress on trade agreements, it typically signals two things: reduced geopolitical tension (bullish for risk assets) and potential shifts in currency dynamics. The US dollar's strength often correlates with trade sentiment, and moves like this can ripple through commodities, equities, and yes, crypto markets.

For those watching the bigger picture, trade normalization usually supports a stable macro environment—which historically supports risk-on sentiment. On the flip side, any deal details around tariffs or sectoral restrictions could create localized volatility.

The key takeaway? Major trade developments deserve attention when you're thinking about portfolio positioning and broader economic cycles. These aren't day-to-day noise—they shape the conditions that drive longer-term market behavior.