While financial markets have priced in the peace deal, shipping markets have not... with Freight rates still 3x pre-war levels...
Source: zerohedge
US tech and tech-related stocks now reflect nearly 60% of the total stock market cap, an all-time RECORD.
At the same time, defensive stocks account for just 15%, an all-time LOW. Not even the 2000 Dot-Com BUBBLE saw such a divergence with tech peaking at ~50% while defensives remained above 20%. Has a new era of equity market performance come, or are defensive stocks going to catch up over the years? Source: Topdown charts, Global Markets Investor @GlobalMktObserv
We've only had three Fed chairs experience their first "Fed Day" with markets open prior to Warsh yesterday.
All three times, the S&P was higher heading into the 2 PM rate decision only to finish in the red on the day. Warsh was no different as all main US equity indices finished in the red after his (rather hawkish) statement yesterday... Source: Bespoke
SpaceX is now the 6th largest market cap in the world ($2.64T). It is very close to Amazon and even overtook it intraday. Space X is not too far away from #4 Microsoft. What a start...
Source: www.companiesmarketcap.com
OVX (the VIX equivalent for Oil) has almost completely round-tripped the war spike, trading back near pre-conflict levels.
Markets have aggressively removed geopolitical risk premium, even though the region remains far from calm. Volatility is not screamingly cheap, but it offers a relatively inexpensive way to express a directional oil view or simply own gamma should tensions escalate again Source: TME
Announced IPOs have surged amid a wave of AI-driven equity issuance—including record IPOs from SpaceX and expected listings by OpenAI and Anthropic.
Source: @markets The daily shot Bloomberg
2026 YTD
-EM/International Stocks > S&P 500 -Value Stocks > Growth Stocks -Small & Mid Caps > Large Caps -Mag 7 in the Red The Reversal of Everything.... Source: Charlie Bilello
While oil's trajectory dominated most of the headlines, a rough weekend for Dario Amodei left Anthropic's Tokenized Stock down notably on the day...
Source: zerohedge
