The US Dollar decline has been truly remarkable:
The Bloomberg US Dollar Index just dropped to its lowest level since mid-2023. The dollar has fallen over 8% in 2025 and erased nearly all of its gains from the past year. This comes as foreigners are bringing money back home... Source: Global Markets, Bloomberg
Oil jumped as much as 14%
- biggest daily gain in more than 5 years - as Israel launched a series of airstrikes in Iran, and escalated the long-simmering conflict between the two nations into a full-on war. ➡️ The strikes targeted sites linked to Iran’s nuclear enrichment program, as well as top scientists Fereydoun Abbasi-Davani and Mohammad Mehdi Tehranchi, both of whom were killed, Iranian media reported. ➡️The commander-in-chief of Iran’s Islamic Revolutionary Guard Corps, Hossein Salami, was also killed in a strike. ➡️Netanyahu says attacks would ‘roll back’ Iran threat ➡️Tehran vows retaliation against Israel and US ➡️Washington distances itself from ‘unilateral’ attack. Trump said he will to convene National Security Council meeting. ➡️Oil prices jumped more than 10% as traders anticipated tighter supply. ➡️Gold is up 1.5% at $3,450. S&P 500 futures are down -1.5%. Bitcoin is down 3% at $104k
Love it...
yes indeed at lots of cash in money market fund but the most important number is on the lower chart. It is a secular low relative to total assets Source: i3 invest
This is what typically has happened in the past to the SP500 after major conflicts have arisen.
Source: fxevolution @fxevolution
60 days to make a deal...
Check the date and do the math
Seat 11a (or seats close to exit door) are going to be in high demand...
The lone survivor of the India crash who walked away was in seat 11a. According to his testimony when the plane hit ground it disintegrated & the exit door blew. He was in the emergency exit row & the door blowout likely saved him. His brother was killed on the same plane 🙁.RIP Source: market_sleuth on X
In case you missed it: Italy's total government debt has topped €3tn, for the 1st time ever.
Source: HolgerZ, Bloomberg
This graphic visualizes unicorns valued at $2 billion or more that became unicorns ($1 billion+ in valuation) in 2025.
Data comes from PitchBook, as of May 1, 2025. PitchBook defines unicorns as venture-backed companies valued at $1 billion or more after a funding round, until it goes public, gets acquired, or drops below that valuation. Yangtze Memory, a Chinese flash memory chip developer, is 2025’s biggest unicorn so far with a $22.1 billion valuation. The company became a unicorn, by PitchBook’s definition, in April 2025 after it secured a $222 million investment from Quanhong Investment. Even if a company’s internal or market valuation exceeds $1 billion, PitchBook’s definition requires a qualifying funding event for official unicorn status. Abridge, an American healthcare AI startup that summarizes clinician-patient conversations into documentation, is the second-most valuable unicorn in the class of 2025. AI-driven companies dominate the list of the biggest unicorns of 2025—such as Synthesia (AI video generation), AnySphere (AI programming assistants), and The Bot Company (AI agents)—and have attracted significant investment in recent years. There have been 43 new unicorns created in 2025, as of May. The largest share (65%) of new unicorns in 2025 are from North America, followed by Europe (23%). Currently, the most valuable unicorns in the world are ByteDance, the creator of TikTok, and Elon Musk’s SpaceX. Source: Visual Capitalist
