📈 Macro & Market Dynamics

• US debt crisis looms: ~26% of federal debt matures within 12 months, nearing the 2020 peak of ~29% when rates were 0%. This signals a potential fiscal pinch amid rising rates 引用[1].
• The “Magnificent 7” have stalled since market breadth commentary escalated, a standard play for those tracking the tape 引用[2].
• Valuations are largely noise, often a