And showing politics and markets as we knew them are certainly over too in some respects, the Trump family are offering a stablecoin backed by US Treasuries to go with their meme coins backed by their surname.

Behavior is changing around the edges, but given the recent scar tissue (some deep) there isn’t enough confidence for a pile in before April 2nd...

The partisan 'soft' data to non-partisan 'hard' data decoupling continues to grow...

Dollar Tree is expected to announce a deal later today in which a consortium of private equity investors... 

Tariffs in focus amid reports that Trump could implement copper tariffs in weeks, elsewhere reports that Canada could find some reprieve

The US is no longer the no-brainer investment destination it once was, and stocks in the rest of the world are setting up to be a multi-year trade.

Soaring metals prices and China’s pro-growth pivot are prompting investors to rethink the negativity around mining stocks.

The election process never seemed quite right in Canada...

Russia on Tuesday said that it would not make public details of the 12 hours of talks with the U.S. on Ukraine which ended on Monday amid expectations that a joint U.S.-Russia statement would be issued shortly.

Follow the money...

Russia/Ukraine agree maritime and energy facility ceasefire; US President Trump considers two-step tariff regime on April 2nd; US Consumer Confidence disappoints; US New Home Sales slightly worse than expected; Richmond Fed falls into negative territory; Strong US 2yr auction; German Ifo impresses.

"Valuation gap closed: SAP on 40x, GOOG on 18.5x, MSFT on 29x.  Mag7 valuation now looking 'cheap' vs historic" - JPM

The grass isn’t always greener outside the pastures of US stocks.

The sector is a key concern for financial stability, according to a Treasury council...

The week's first coupon auction just took place, and in response to the Treasury offering $69BN in 2 year paper, the demand was nothing short of superb.

Actions speaker louder than words when it comes to activity.

The logical response to this kind of uncertainty is for developed market central banks to be forced into holding more substantial foreign currency reserves, as developing market central banks typically do.

When you identify a condition of “excess,” there is nothing to say that these excesses will end shortly thereafter...