In this week’s Trading Take, Beimnet Abebe (Galaxy Trading) joins Alex Thorn (Galaxy Research) to discuss how recent developments around trade agreements are helping lift market sentiment, driving risk assets higher. They also revisit the Trump–Powell debate and unpack whether Fed independence still matters in a world where markets, not policymakers, increasingly dictate the course of monetary policy. Plus, Beimnet critiques earnings season “gamesmanship” and shares why he thinks the economic backdrop remains strong for now.