Syz the moment

Source: @AesPolitics1

“Right now we are at a decision-making point and very close to a recession,” Dalio said on NBC News “And I’m worried about something worse than a recession if this isn’t handled well”

Source: Michel A.Arouet, Bloomberg

The US has 902 billionaires in 2025, holding the crown as the planet’s top luxury zip code for the super-rich. But China (yes, including Hong Kong and Macau) isn’t exactly playing small—it’s up to 516 and catching up fast. India’s creeping in with 205, while the rest of the billionaire club is scattered across Europe, Russia, and a few surprise players like Brazil and Canada, each with 56. Moral of the story? The money’s global—but it mostly speaks English and Mandarin. Source: Statista thru Mario Nawfal

Witnessing such a rare disconnect between the USD index (dark line) and US Treasury yields (blue line) is truly intriguing. Source: Andreas Steno Larsen

The yield curve is steepening sharply, w/2s/10s yield spread rising to 109bps — the widest gap since 2020. Source: Bloomberg, HolgerZ

Xi Jinping breaks silence, says Trump is bullying Europe and the entire world “There are no winners in tariff wars. Going against peace means isolating yourself,” Xi said during a meeting in Beijing with Spanish PM Pedro Sánchez — one of the hardest-hit in this trade war. The Chinese leader urged the EU to unite with Beijing against the U.S. president’s “unilateral intimidation.” Source: FT

Source: Bloomberg, Lisa Abramowicz