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Current active reads
Geopolitical · Energy
Hormuz Day 92 · Talks stall, draft deal unsigned
Markets are pricing in a deal that hasn't actually been signed.
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Energy · Markets
Brent oil drops to $97 from April peak of $126
Cheaper oil sounds like relief, but companies already restructured around the higher cost.
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Rates · European banks
ECB holds rates at 2.00% on April 30
Holding rates flat sounds calm — but European banks needed a cut.
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Semiconductors · AI hardware
US tightens chip export restrictions to China, May 28
The new restrictions are narrower than the headlines suggest, but they hit where it matters most.
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Currency · Multi-direction signal
Dollar retraces to pre-crisis levels (DXY at 99.2)
A weaker dollar isn't one story — it's three different stories depending on what you hold.
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