Since the war began, Goldman's Matt Kaplan notes that Thursday/Friday have seen dramatic losses relative to the rest of the week...
Source: zerohedge
US 10 year flirting with the huge 4.4% level. A decisive close above this resistance area and rates risk squeezing more.
Source: TME
Stock markets around the world since the war started:
Source: Dividendology
The Fundrise Innovation Fund (ticker $VCX) is a closed-end fund invested into non-listed companies such as Anthropic, Space X, etc.
Investors paid at top tick $575 while the current NAV (bottom of the chart) is $18.25… Peak sentiment on private cos? Source. Bloomberg, RBC
While the market panics, Buffett is raking.
Occidental Petroleum $OXY Source: Trend Spider
China is pulling silver from global markets at the fastest pace in 8 years
China is rapidly absorbing global silver supply, with imports exceeding 790 tons in early 2026 and a record February. Demand is driven by retail investors seeking a cheaper alternative to gold and solar manufacturers accelerating purchases before tax changes. With the solar sector consuming about 20% of global supply and inventories falling, market tightness is intensifying. China’s dominant role in both demand and production is amplifying pressure on already constrained silver markets. Source: Global Markets Investor
50 countries rely on imported fossil fuels for more than HALF their energy.
The Strait of Hormuz is a critical global chokepoint: disruption would hit energy-dependent economies like Japan, South Korea, and Germany. Despite shifts after past crises, reliance on fossil fuels remains high and concentrated in volatile regions. The energy transition is progressing, but too slowly to mitigate immediate geopolitical and supply risks. Source: Jack Prandelli on X, Ember
US private credit is diverging from public markets at an alarming pace
This comes as the private credit market faces growing investor scrutiny over valuations, underwriting standards, and rising redemption requests from clients. There is also increasing concern that AI will disrupt the software companies that make up a large portion of private credit portfolios. Historically, the private credit proxy index has had a 94% correlation with high yield credit spreads. If the correlation reasserts, we could see a spike in high yield credit spreads, which could eventually spread into stocks and trigger a bear market. Credit markets tend to lead equities, and right now, they are flashing a clear warning. Source: Bloomberg, Global Markets Investor, Macrobond
