The ceasefire in the Middle East is less “cease” and more “FIRE!”
Inflation is confusing.
Time to burn our socks.
Markets
PAST WEEK | YEAR-SO-FAR | |
|---|---|---|
Nasdaq | +7.1% | +5.3% |
S&P500 | +4.8% | +3.9% |
MSCI Emerging Markets | +5.8% | +13.2% |
Bitcoin* | +3.8% | -15.4% |
Ethereum* | +2.3% | -23.8% |
Stock of the week: | +351.9% | +163.4% |
Crypto of the week: | +56.3% | +380.0% |
*Source: CoinGecko.com As of 6:18PM April 19, 2026
World news
Top news stories of the past week
1) Ceasefire in the Middle East (kinda): Remember when a ceasefire started in the Middle East just a couple weeks ago? Yeah not so much. Iran re-closed the Strait of Hormuz and the US seized an Iranian-flagged ship, with reports of Iranian vessels firing on tankers.

“Best. Cruise. EVERRRR”
2) Inflation outlook complicated: Usually when people are having trouble finding work, they spend less money, which lowers inflation. But today, with rocketing oil prices, we have rising inflation and a weak job market. The US central bank is in a tough spot.

“What should I have for dinner?”
3) Tariff refunds: The Trump administration is expected to launch a refund system for business that paid tariffs later struck down by the supreme court. This is the first step in paying back $166B in tariffs. For reference on how much money that is, that’s about 20% of one Elon Musk. Will this go smoothly? Yeaaaaa sure bud.

“Hi, one tariff please.”
Top WEIRD stories of the past week
1) You know that feeling when you’re stuck in traffic and think “how could this get any worse?” and then a million bees fly directly through your open window and straight at your jugular? Same.
2) Two men ran a South African marathon on behalf of their women colleagues, landing in the top ten, and were disqualified. No further comments.
3) Decades ago, a Maryland sailor burned his winter socks. Now it’s a spring tradition. Hey citizens of Maryland! Try finding a hobby!
Chart
You like charts? Graphs? Ya you do
US home sales: not hot.

Music
Banger of the week
Most important thing
Meme? Nah. Art.


