Some weeks build slowly. This one detonated in the middle. For two days markets churned sideways, wary of a Strait of Hormuz standoff and unsure which way risk wanted to lean. Then the U.S. Treasury walked in on Wednesday and doubled its long-end bond buybacks, and everything moved at once. Yields cratered, the dollar buckled, and gold and Bitcoin took off. Underneath it all sat a fiscal story that refused to quit, with the national debt clearing $40 trillion and a debasement trade humming in the background. Oil, meanwhile, ignored the whole macro drama and traded on tankers and threats out of the Gulf. Here's how the majors, metals, crypto, and crude navigated a week that hinged almost entirely on one afternoon