Hedge fund gross leverage is very elevated, but net leverage remains quite low. This tells us that their books are still lopsided to the short side.

ChatGPT now has more monthly users than Wikipedia

According to Bloomberg, we still underperform the S&P 500.

Container ship volumes to the US from China are normalizing, according to Deutsche Bank

Japan's 40-year bond yield just jumped to 3.47%, its highest level in 2 decades