U.S. Durable Goods Orders decline less than expected

• Actual: -6.3%
• Forecast: -7.8%
• Previous: +9.2%

Trump Media to establish $2.5B BTC reserve

The company plans to raise $1.5B through a stock offering and $1B via convertible bonds.
A major pivot into Bitcoin — and another sign the institutional wave isn’t slowing down.

Traders bet on Nvidia surge ahead of earnings

Bullish sentiment builds as call options stack up around $145–$150 strikes, with $NVDA closing at $131.29 on Friday.

A $5.5B China-related charge may hit Q1, but traders are eyeing a potential 6.7% move — Nvidia rarely stays quiet on earnings.

$7.24T parked in money markets — record high

Total assets in Money Market Funds have surged to an all-time high of $7.24 trillion.

This reflects growing investor caution and a strong preference for yield and liquidity amid market uncertainty.

Unrealized losses on domestic bond holdings for 4 of Japan’s largest life insurers rose to a record $60 billion in Q1 2025.

This is 4 TIMES more than unrealized losses seen in Q1 2024.

Nippon Life, the largest Japanese insurer and the world’s sixth-largest life insurance company, posted $25 billion paper losses, marking a +260% jump YoY.

This comes as Japan’s 30-year and 40-year bonds have seen one of their most violent price declines in history.

Japan’s financial system is on the edge.

Telegram to Raise $1.5B via Bond Sale — WSJ

Telegram is reportedly planning to issue $1.5 billion in bonds as soon as Wednesday.

Major investors are expected to include BlackRock, Mubadala, and Citadel.

This is eye-opening:

The S&P 500 is up over +5,000% since 1979

But Berkshire Hathaway is up over +325,000%

So Warren Buffet has outperformed the US stock market by 65 times in just 45 years

You can’t make this up…

Yesterday, new U.S. consumer confidence data came out — the index jumped to 98, while the forecast was only 86 (last month it was 85.7).

This is a very good sign: when people feel confident about the future, they spend more — and consumer spending makes up two-thirds of the U.S. economy.

So this kind of sharp increase is a strong and unexpectedly positive signal for the market.