Zaid Admani

So the market was celebrating yesterday as if the war is over and Hormuz is fully open.

But I gotta say, this ceasefire is pretty fragile.

There are already claims of the ceasefire being violated and Iran is threatening to close Hormuz again.

So oil prices are now climbing back to $100 a barrel this morning.

It'll be interesting to see how the markets digest the latest developments, given how fragile a ceasefire is.

I do find it pretty wild that the S&P is less than 3% away from record highs, despite all the uncertainty.

And you know, we are about to enter a busy period for the markets.

Tomorrow morning, we are getting the March CPI report, which will give us our first data point on the impact that higher gas prices are having on inflation.

Economists are estimating the CPI in March to jump to 3.4%, up from the 2.4% in February.

So we'll break down the CPI report tomorrow morning.

And the next week, earnings season is kicking off.

So we'll have a lot to discuss over the next few weeks.

So it's a great time to get subscribed to the podcast and tune in every day to stay in the loop.

Let's run through some headlines.

starting with Meta.

Meta dropped a new flagship AI model yesterday called MuSpark.

It's the first model out of Meta's new super intelligence lab, and the early results are pretty solid.

The new model performs significantly better than the previous model, and according to benchmarks, the model is nearly as good as the top models from Google, OpenAI, and Anthropic.

Mark Zuckerberg made the announcement on Thread saying that Spark is the first model in the new Muse family of models.

He said that Spark is strong in areas related to personal super intelligence, like visual understandings, health, social content, shopping, and games.