Blogkirax in # energy • 1 day ago • 1 min readGlobal energy funds posted -$2.1 billion in outflows last week, the largest since July 2024.Global energy funds posted -$2.1 billion in outflows last week, the largest since July 2024. This comes after energy funds attracted a record +$13.5 billion in cumulative inflows in the 3 weeks prior. As a result, the 4-week average of inflows is still elevated, at +$1.0 billion, near the highest in 2 years. Meanwhile, the US Energy Sector…kirax in # surge • 3 days ago • 1 min readUS import prices rose +0.8% MoM in March, the 2nd-largest monthly increase since April 2025.US import prices rose +0.8% MoM in March, the 2nd-largest monthly increase since April 2025. YoY, import prices surged +2.1%, the largest annual increase since December 2024. This comes as imported fuel prices rose +2.9% MoM, while natural gas prices dropped -71.0% MoM, dragging down the headline figure. Excluding food and fuel, core import…kirax in # barrel • 3 days ago • 1 min readBREAKING: US oil prices officially fall below $80/barrel, now down -32% in 9 trading days.BREAKING: US oil prices officially fall below $80/barrel, now down -32% in 9 trading days.kirax in # news • 21 days ago • 1 min readU.S. Treasury projected to buy back $15 Billion of their own debt this weekU.S. Treasury projected to buy back $15 Billion of their own debt this weekkirax in # technology • 21 days ago • 1 min readChina's technology export boom is acceleratingChina's technology export boom is accelerating: China’s integrated circuit (IC) exports surged +43% YoY, to a record $234 billion over the last 12 months. Chip exports have more than DOUBLED over the last 5 years. In Q1 2026 alone, IC exports surged +77% YoY. At the same time, high-tech exports rose +30% YoY, while mechanical and…kirax in # energy • 22 days ago • 1 min readMorgan Stanley sees the next big opportunity in Energy Storage when it comes to AI power plays.Morgan Stanley sees the next big opportunity in Energy Storage when it comes to AI power plays.kirax in # blog • 23 days ago • 1 min readInstitutional investors are rushing into tech stock futures at a record paceInstitutional investors are rushing into tech stock futures at a record pace: Asset managers purchased +$9.7 billion in Nasdaq futures in the week ending April 14th, the largest weekly purchase in at least 10 years. This was driven by new long positions of +$5.9 billion, followed by aggressive short covering of +$3.8 billion. As a result…kirax in # btc • 23 days ago • 1 min readBitcoin is doing all fine. Higher lows, higher highs on a lower timeframe, and a classic sweep of the $79K level.#Bitcoin is doing all fine. Higher lows, higher highs on a lower timeframe, and a classic sweep of the $79K level. No breakout above there, which is quite standard. I would assume that we'll be testing the resistance again over the course of the next week and that that will be the first moment where #Altcoins start to outperform Bitcoin…kirax in # investment • 23 days ago • 1 min readThe AI investment cycle is only accelerating:The AI investment cycle is only accelerating: Global data center CapEx driven by AI is projected to reach $5.2 trillion by 2030, according to McKinsey. IT equipment would represent ~$3.3 trillion of that total, followed by data center infrastructure at ~$1.6 trillion and power generation at ~$300 billion. This assumes 125 incremental…kirax in # blog • 29 days ago • 1 min readHistory is being made in the markets:History is being made in the markets: The S&P 500 is up +9.9% so far in April, on track for its best monthly performance since November 2020. This follows a -5.1% decline in March, the largest monthly drop since April 2025. This rally has been driven by semiconductor stocks, which are up +37.2% month-to-date. Over the same period…kirax in # bitcoin • 29 days ago • 1 min readYou can clock in forever or lock in once.You can clock in forever or lock in once..... .....kirax in # fed • 1 mo. ago • 1 min readThe 🇺🇸 Fed held $195B worth of T-bills before December.The 🇺🇸 Fed held $195B worth of T-bills before December. They now hold over $425B. More than double in 4 months. Stealth QE.kirax in # blog • 1 mo. ago • 1 min readThe US is draining its oil reserves at a rapid paceThe US is draining its oil reserves at a rapid pace: The Strategic Petroleum Reserve (SPR) dropped -7.12 million barrels last week, the largest weekly drawdown since October 2022. This marks the 5th consecutive weekly decline, the longest streak since 2023. Over this period, US oil reserves in the SPR have fallen -17 million barrels, to 398…kirax in # blog • 1 mo. ago • 1 min readThe average price of a gallon of gas in the US surges to $4.43/gallon, now up +61% since December.The average price of a gallon of gas in the US surges to $4.43/gallon, now up +61% since December. Americans will spend ~$90 billion more at the pump in a year than they would with gasoline at $3.00.kirax in # bitcoin • 1 mo. ago • 1 min readValuing Bitcoin's fair value at cycle bottomsValuing Bitcoin's fair value at cycle bottoms. The MVRV is one of the most underrated indicators out there, despite consistently marking bear market bottoms. First, understand what it is. The MVRV score measures how much BTC's circulating market value deviates from its realized market value. It's a relative indicator. When it's high, market…kirax in # bitcoin • 1 mo. ago • 1 min readThis is the trade your grandchildren will talk aboutThis is the trade your grandchildren will talk aboutkirax in # blog • 1 mo. ago • 1 min read| Stagflation is intensifying across US manufacturing:Stagflation is intensifying across US manufacturing: The ISM Manufacturing PMI remained steady in April at 52.7 points, the highest since August 2022. However, prices paid surged +6.3 points, to 84.6, the highest since May 2022. Prices paid have risen +25.6 points over the last 3 months, the biggest 3-month increase on record. The surge…kirax in # dollars • 1 mo. ago • 1 min readThe world is using more US Dollars than ever:The world is using more US Dollars than ever: Offshore US Dollar deposits held in banks outside the US are up to a record ~$14.5 trillion. This is +220% more than the ~$4.5 trillion held at the beginning of the century. By comparison, only ~$3.5 trillion worth of euros are held in offshore banks, outside the Eurozone. And, the Fed and…kirax in # blog • 1 mo. ago • 1 min readThe bond market is under serious pressure.The bond market is under serious pressure. The 10Y Treasury yield now exceeds the S&P 500’s earnings yield by ~90 basis points, the 2nd-largest negative spread in 24 years. Over the last 5 years, the difference in yield has dropped -680 basis points. The S&P 500 equity risk premium has been negative since mid-2024, except for a brief jump…kirax in # bitcoin • 1 mo. ago • 1 min readBitcoin has moved across roughly 6 orders of magnitude.If $BTC reaches $1.0M by 2034, the biggest risk is not the price you pay. It is not being there at all. Bitcoin has moved across roughly 6 orders of magnitude. The power law explains 96.1% of long-term log-price variance. That does not mean short-term moves are predictable. It means the long-term structure has been remarkably…
