Amit Agarwal

🚨 President Donald J. Trump makes a statement on Iran:

China has become the world's largest domestic tourism market. 6 billion trips. $1.4 trillion. One country. One year. ✈️🏔️🏙️

🚨🇮🇳 BIG: India becomes 2nd country in the world (after Russia) to operate a commercial-scale Fast Breeder Reactor This indigenous reactor: ◾️Breeds more fuel than it consumes ◾️Marks Stage 2 of India’s 3-stage nuclear programme ◾️Paves the way for thorium-based energy ◾️Reduces import dependence

Today, India takes a defining step in its civil nuclear journey, advancing the second stage of its nuclear programme. The indigenously designed and built Prototype Fast Breeder Reactor at Kalpakkam has attained criticality. This advanced reactor, capable of producing more fuel than it consumes, reflects the depth of our scientific capability and the strength of our engineering enterprise. It is a decisive step towards harnessing our vast thorium reserves in the third stage of the programme. A proud moment for India. Congratulations to our scientists and engineers.

Chinese Holdings of U.S. Treasuries plunge to lowest level since the Global Financial Crisis 🚨🚨

Hedge funds were aggressively shorting global stocks last month: Hedge funds sold world equities at the fastest pace in 10 years in March, with short sales outpacing long purchases by a ratio of 7.6 to 1.0. This also marks the 4th consecutive monthly sale, matching the February-May 2025 streak. ~76% of sales were concentrated in index and ETF products, with US-listed ETF shorts rising +17.2%, led by large-cap equity ETFs. As a result, single stock sales made up just ~24% of the total, with Industrials, Financials, and Technology the most sold sectors globally. Energy, Healthcare, and Consumer Staples were the only sectors that saw net purchases. The risk of a short squeeze is accelerating.

In my experience, this is probably the first time the Mid & Small cap indices have outperformed the Nifty 50 during a crisis time. It's also extremely rare to see the Mid & Small cap indices (avg of the two) beating the Nifty 50 near the bottom of the cycle. Their avg CAGR has outperformed during the last two tough years as well as all the below trailing years. I am not that surprised as their balance sheet, P&L and cash flow quality has substantially improved post COVID. I believe the biggest multi-baggers will emerge from this space as the earnings growth differential will be significant going forward. Because of the quality differential today vs during pre-COVID period, I would be surprised if their valuations correct to levels seen during the previous crashes. We probably have the best corporate quality and least stressed financials currently compared to any other previous big crisis.

BREAKING 🚨: India India's Rupee falls to an all-time low against the U.S. Dollar 🇮🇳📉

BREAKING: President Trump is willing to end the Iran War even if the Strait of Hormuz remains closed, per WSJ. Details include: 1. Trump and his aides assessed that a mission to reopen Hormuz would push the conflict beyond his timeline 4-6 weeks 2. Trump believes the US should achieve its main goals of destroying Iran’s navy and missile stockpiles 3. Trump thinks he can wind down current hostilities while pressuring Iran diplomatically to resume the "free flow of trade" 4. If that fails, Washington would press allies in Europe and the Gulf to take the lead on reopening the Strait, US officials say US stock market futures are rising on the news.

BREAKING: U.S. officials & Wall Street analysts are now reportedly preparing for the possibility of $200 oil.

BREAKING: Qatar, Azerbaijan, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Pakistan, Saudi Arabia, Syria, Türkiye and the UAE issued a joint statement calling on Iran “to immediately halt its attacks” after holding a meeting in Riyadh.

JUST IN: 🇷🇺 Russia calls on US, Israel, and Iran to "immediately" end the war.