Market Pit

Temu and Shein were Meta's fastest-growing ad revenue sources — pumping billions into Facebook and Instagram to reach American consumers. Trump's 145% tariffs on China effectively ended both companies' US business model overnight and with it, a significant portion of Meta's ad revenue that nobody has publicly quantified yet. The China trade war didn't just hit Chinese companies. It hit the American platform they were paying to advertise on.

JUST IN: $META crashes 10%, wiping out $175,000,000,000 from its market cap today.

The Swiss government opposes the cap. Parliament opposes the cap. The business sector opposes the cap. The Federal Council opposes the cap. 48% of voters support it anyway. The gap between institutional consensus and popular sentiment is the defining political story of 2026 — and Switzerland just became its clearest example yet.

JUST IN: Switzerland to vote on capping its population at 10 million.

JP Morgan this may be not the best time to DOWNGRADE someone

The man now threatening to sink US Navy ships is not the man who built Iran's nuclear programme, survived 40 years of sanctions, and occasionally signalled willingness to negotiate. Mojtaba Khamenei is younger, IRGC-aligned, hardened by two months of watching US bombs hit his country and has zero political history of backing down. The leadership transition mid-war is not a footnote. It's the most important variable that changed today.

JUST IN: 🇮🇷🇺🇸 Iranian Supreme Leader Mojtaba Khamenei says US ships belong in the "depths of its water." IRGC: "American ships will soon meet the same fate as US bases in the region."

Q1 GDP came in at 2.0% — below expectations — while PCE came in at 3.5% — above target. Slowing growth and rising inflation simultaneously: the definition of stagflation, a word the Fed has been carefully avoiding for two months. At what PCE reading does "transitory supply shock" get retired and the s-word becomes unavoidable?

BREAKING: March PCE inflation, the Fed's preferred inflation measure, rises to 3.5%, the highest since August 2023. Core PCE inflation rises to 3.2%, the highest since November 2023. In the first month of the Iran War, US inflation hit a 3-year high. April's data will be interesting.

Private credit default rates were 3-4% at the start of 2026. By March they hit 8-9%. UBS projects 15% by H2 2026. BlackRock's HLEND fund received redemption requests exceeding 9% of net asset value and only allowed 5% to exit, deferring the rest. If a $2 trillion asset class is already deferring redemptions at the same time default rates are tripling what exactly is the difference between "managed liquidity" and a gate?

🚨 THIS IS NOT NORMAL Nobody’s talking about this, but I will. Since 1970, the median home is up 17x. The S&P is up 75x. Home prices are anchored to construction costs, local supply and demand, rents, and physical constraints on land and labor. So what is the S&P actually tracking? Margin debt just hit $1.28 trillion. All-time record. Up 36% in one year. Private credit blew past $2 trillion, most of it sitting outside any regulatory framework with real teeth. Hedge funds are running Treasury basis trades at up to 18x leverage, betting on spreads measured in fractions of a percent, with $1.85 trillion on the line. In 2008 you could at least point at the problem. Subprime, CDOs, Lehman at 30:1. Now it is scattered across private funds and derivative books that do not show up on any balance sheet the public can read. The Fed has flagged margin debt, private credit, and basis trades in separate reports this year. Flagging something and fixing it are very different things. Markets do not crash when things get bad. They crash when everyone holding the leverage needs the exit at the same time. Look at that chart again. Then tell me the 75x is organic. By the way, my next big investment will be posted on @InTheAssembly Follow them before it’s too late. If you don’t, you’ll regret it.

Ceasefire....

Interventions....

Got, a sense of relief ( chart is glitched my guess)

Being alone in the toilet is a reminder that you will aways be alone when shit goes down in your life.--- Some random on X

Women in Male dominated fields

Everyone talking about Jane Street but why no one is talking about Hyperliquid 🤔🤔

Finally future is coming that we all dream of

Office is in country of the famous "painter" 😐

Is this a short squeeze or market is pricing a war on weekends

We fell you Gemini🥺🥺

OnePlus and Realme have officially merged

Allen Career Institute, a major Indian coaching firm, is exploring an IPO.

Uh ... Oh...

The Codex CLI promptbans not just goblins — but: Gremlins. Raccoons. Trolls. Ogres. Pigeons. "Or other animals or creatures." This is a model that was so consistently animated by mythological creatures and surprisingly also pigeons that OpenAI engineers had to draft a formal creature exclusion policy for a coding tool at the mostvaluable AI companyon earth. The pigeon entryis doing themost work here. Pigeons are notmythological. They are notsupernatural. They are areal bird thatlives outside the window. GPT-5.5 was apparentlydiscussing pigeons in code outputs frequently enough that they madethe banned list alongside trolls, ogres,and gremlins.

goblinblog dropped