1. S&P Short-Term Oversold
Barchart
2. Financial Stocks Leading S&P Lower
3. Financials Correction Started with Private Credit Sell-Off….Now Moving to Investment Grade?
Tavi Costa
4. MAG 7 Official -10% Correction….Closes Below 200-Day
StockCharts
5. Jet Fuel Chart Breaks Above Ukraine Invasion Highs
Jet fuel. “Jet fuel costs have increased by 81% since the start of the war in Iran and are up by 124% this year.”
Joseph Brusuelas – RSM
6. 87% of Asian Crude Flows thru Strait of Hormuz
Barrons -87%-The percentage of crude oil shipped through the Strait of Hormuz that was sold into Asian markets in 2025.
The problem is that the strait can’t be cleared solely through a bombing campaign, or an attack by destroyers. Iran’s navy has been severely depleted by the U.S., but the country doesn’t need large attack ships to scare commercial vessels away. Its weapons include mines, fast attack boats, missiles and drones. Layered on top of each other, they become exceptionally difficult to remove.
“They’ve created an integrated, vertical stack of threats that can cover the strait from undersea all the way to above the surface,” said Jonathan Schroden, chief research officer at the Center for Naval Analyses, a federally funded nonprofit that does research for the Navy.
Once mines are in the water, this becomes “one of the most dangerous scenarios that people who focus on the Middle East have been thinking about for decades,” he said.
Prof G Chart
7. The Remaking of NY Times
New York Times – News Subscribers v. Bundle/Other
Over the last 4 years, the New York Times has successfully pivoted away from its 175 year history as a news-first company.
News-only subscribers have collapsed by 65%, while bundle and other single-product subscribers have increased by 157%. Now, only 1 in 10 subscribers are coming to the New York Times strictly for the news.
This successful pivot is a byproduct of the New York Times’ growth in mobile gaming (acquired Wordle in 2022), podcasts, cooking content, and personalized sports content (acquired The Athletic in 2022 as well).
This rebrand also helped revitalize the business from a profitability perspective. From 2007 to 2022, operating income at the New York Times went from $187 million to $202 million. Over the last 3 years, operating income has exploded to $432 million.
Fiscal.ai
8. Venezuala Owes $150B to Foreign Creditors
9. Share of New Car Sales that are EV’s
Semafor
10. Shane Parish Interview with Marriott
J.W. Marriott built the foundation of the world’s largest hotel company.
But he didn’t open his first hotel until he was 55.
Everything started with a nine-seat root beer stand in Washington, DC, and a simple goal: serve people well and build something that lasts. And of course, he didn’t just go from restaurants to hotels; along the way, he started the airline catering industry.
This episode explores the timeless principles that guided his success, including his obsession with downside risk, his practice of isolating variables, and his expansion during the Great Depression while his competitors folded.
A few of the Tiny Lessons I took away:
- “Manage your time. Short conversations to the point. Make every minute count.”
- Take care of your people before your customers. People who feel disposable deliver a disposable experience.
- “Guard your habits. Bad ones will destroy you.”
- The person who wrote the rule might say yes if you actually show up and ask.
- “Discipline is the greatest thing in the world. Where there is no discipline, there is no character.”