Turkey’s current account deficit hit $6.8 billion in January, exceeding forecasts following methodological revisions. Record capital inflows reached $20 billion, yet rising energy costs and a widening trade gap signal continued pressure.

The Secured Overnight Financing Rate (SOFR) has eclipsed the Federal Funds rate as the financial system's true benchmark. Anchoring $200 trillion in contracts, SOFR dictates global borrowing costs and the price of essential market leverage.

Private credit funds are locking redemptions as Deutsche Bank hits new lows, signaling a liquidity crisis for the AI sector. This credit crunch threatens to halt data center expansion and hammer tech stocks reliant on debt financing.

Scarce sectors like energy and utilities are crushing abundant industries like technology, delivering 12.31% year-to-date gains compared to just 3.55%. Investors are favoring supply-constrained businesses over easily scalable ones.