All is well in the world again. 

...investor sentiment and flows lead us to believe the only way up is down from here.

Data releases were mostly encouraging as ISM Services PMI and ADP Employment Change topped estimates.

Iranian official denies NY report that Iran reached out to CIA for talks to end the war; ADP monthly growth accelerates more than forecasted; EIA crude stocks build more than expected; Aluminium Bahrain declares force majeure; QatarEnergy declares force majeure; Houthis may attack Saudi energy sites; Australian Q4 GDP growth tops expectations; Swiss Inflation comes in hotter-than-expected; SNB Vice Chair says ready to intervene in FX; Mixed China PMIs.

"We assume that Strait of Hormuz oil exports remain flat at current levels (estimated at around 15% of normal) for an additional 5 days before gradually recovering to 70% in the next 2 weeks and then to 100% in the subsequent 2 weeks." - Goldman

...amid significant geopolitical chaos, crypto markets demonstrated absorption capacity, outperforming traditional safe-havens like the USDollar and Gold...

"I tried short‑term trading before and lost heavily"

And on the higher end, Target averaged 5.9% more than Walmart, followed by Kroger (14.8%), Publix (20.3%), Piggly Wiggly (22.6%), and Trader Joe’s (24.6%).

"It's a new era. We are paying close attention..." 

A Goldilocks report. 

There don't appear to be many safe havens as the situation in Middle East continues to evolve. Not in markets, and not in the region either.

FedEx, other freighter airlines, suspend operations and detour flights 

"A sustained momentum reversal could introduce significant performance challenges" - Goldman PB

“We’re in a headline market. Rapid movements with higher volatility will remain for a longer period until supply chains are secure again. It will take some time to calm markets.”

Did the job market already bottom in late 2025.

...lower barriers to building software don’t destroy value, they expand the market and concentrate it.

...a capital efficient way to express downside the March- & June-end SPY put-spreads stand out...