📊 Crypto & Digital Assets

  • Bitcoin prices actually rose in March—the first monthly gain since September. A rare green month amid broader geopolitical turmoil. 2

🌏 Emerging Markets

  • Brazil showed a ton of relative strength in March—much stronger than anticipated. 4

⚔️ US-Iran War Market Dynamics

  • Crypto emerged as the safe haven since the US-Iran conflict erupted: Ethereum +9%, Bitcoin +4%, while S&P 500 -5% and Gold -12%. A classic risk-off rotation into digital assets. 19
  • Bloomberg US Economic Surprise Index hitting levels not seen since late 2023—analysts massively underestimated the economic momentum heading into the Iran war. 14
  • Iran’s new regime president, seen as more pragmatic than predecessors, has requested a ceasefire. The US response hinges on Strait of Hormuz being “open, free, and clear”—Tehran responded that only Iran and Oman will decide the strait’s future. 21, 23

🚗 Tesla & Insurance Synergy

  • $LMND is forming a new market consensus—soon, whenever people think about insuring Tesla/FSD, they’ll first想到Lemonade. This narrative is building. Elon dropping free ads for Lemonade on FSD safety creates a win-win dynamic. 7, 9

🏭 Traditional Industry Transformation

  • Disruptive tech transitions are non-negotiable—Nokia with smartphones, Ford with EVs, Walmart with e-commerce. It’s not just a race-to-bottom price war. It requires telematics, connectivity, and fundamental operational overhauls that incumbents struggle to execute. 18

🏥 AI in Healthcare

  • $TEM’s ALERT trial hit primary endpoint: AI-driven alerts improved heart valve disease identification/treatment. Patients 27% more likely to receive evaluation, valve procedures rose 40% within 90 days. Real-world AI impact in action. 13

🏙️ Data Center Credit Structure

  • $APLD amended $CRWV data center leases, shifting portions of ELN-02 and ELN-03 to a CoreWeave subsidiary. The revised structure adds unconditional parent guarantees from CoreWeave plus a $50M letter of credit—meaningful credit backing improvement. 17

👟 Brand Decline Case Study

  • $NKE going through its largest drawdown in ~30 years. Brutal irony: while Nike told the world “Just Do It,” management spent years hesitating on product strategy while Hoka and On Running—barely relevant a decade ago—ceded cultural relevance. 24

💊 Pharma Launch

  • $LLY once-daily weight loss pill just received FDA approval. Insured patients may pay as little as $25/month; self-pay ranges $149-$349 depending on dose. 28

🚀 IPO Watch

  • SpaceX has confidentially filed for IPO. Polymarket showing $X as most likely ticker. Interestingly, ~$1.2M has been wagered on the 1% chance it ends up being $SEX. 26, 29

🪙 Semiconductor Breakout

  • $AA (American Aluminum) appears to be breaking out—a potential continuation play in the metals space. 25

🎯 Bullish Calls

  • Cantor has a $700 price target on $MU—roughly 2x from current levels. The question is when Citi’s analyst will finally raise their target. 32