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1. Insane Statistic -Prof G

We’re looking at one of the biggest moments in financial markets in a really long time. Between the OpenAI, Anthropic, and SpaceX IPOs, we’re going to be inserting almost $4 trillion in value into the markets, while, at the same time, adding zero dollars in earnings because all of them are burning billions in cash. SpaceX lost $5 billion last year. OpenAI is expected to lose $14 billion this year.

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2. Software Group Below All-Time Highs….Only 22 Positive for 2026

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3. ADBE Negative Now on 5-Year Number

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4. DPZ Dominos Pizza Crushed the Market 2010-2020….Now 5-Year Negative Total Return

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5. Emerging Markets +50% vs. S&P +31% One Year

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6. Emerging Stocks an Even Better Bargain After Best Rally in Years

by Srinivasan Sivabalan of Bloomberg News, 4/27/26

Comparing forward earnings multiples, MSCI’s emerging index now trades at a 44% discount to the S&P 500 — the biggest gap since April 2025.

The discount isn’t a sign of weakness. Emerging stocks look cheaper versus the US market because analysts have lifted profit forecasts for emerging-market companies by 30% this year, dwarfing an average 10% upgrade for S&P 500. Earnings estimates represent the denominator in the price-to-earnings ratio, so when they climb, valuations drop — even as share prices rise.

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7. They Chose Careers in the Trades and Still Wound Up With Debt-WSJ

As community colleges and union apprenticeships fill up, more students are turning to pricier training options for blue-collar careers

52% of Students Waitlisted in High School Vocational School.

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8. Condo Price Drops

By Wolf Richter for WOLF STREET.  In 31 bigger markets, prices of mid-tier condos through March have dropped between -12% and -31% from their respective peaks. In five of them, prices dropped by over 20%. The 27 most salient of those markets are shown in charts below, plus the City of Chicago, though it doesn’t belong on this list, but like other cities, it has a condo market where prices are back where they’d been 20 years ago.

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9. Iran’s Mosquito Navy Fleet 3k-5k Boats

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10. Breathwork-Seth’s Blog

[Off topic, but I hope it might be useful]

Mindfulness can improve your life. So can stillness and spiritual grounding. This is not a post about that.

Breathing is an architectural challenge and a chemical necessity.

We breathe about 20 pounds of air a day (and if you’ve ever tried to weigh air, you can imagine that this is quite a bit.) Why bother?

The body is fueled by a series of chemical reactions, and most of them require the right balance of oxygen and carbon dioxide. The body is finely tuned to be aware of the available quantity of each, and reacts accordingly.

We evolved to have a particularly complicated system for ingesting air. We have two nostrils and a mouth. Thanks to speech and other requirements, the mouth is well suited to rapid inhalations and exhalations.

Which is a problem.

The first lesson of James Nestor’s book is simple: Shut your mouth.

Spend three days breathing only through your nose. Even when you work out. Especially then. (Except swimming. I tried. It doesn’t work.)

And consider slightly taping your mouth when you sleep. Just a small piece of surgical tape, about a half inch across–right in the center. Put some lip balm on before applying so it won’t irritate you. Don’t do this if you have apnea or other issues, or a doctor who suggests against it. It’s a very small piece of tape, easily removed.

That’s it. Three days.

Nestor spends hundreds of pages explaining a huge range of benefits and volumes of peer-reviewed research. Some of it might be a bit overblown, some is surprising, but all of it makes sense.

But you don’t need a Ph.D. to determine how it feels after three days. It’s like discovering you’ve been using the wrong door to get into and out of your house.

I had such a good experience that I felt like it was worth sharing. Breathe through your nose, small sips, not gulps. You may find that you sleep better, snore less, run further, and are less stressed. 

No one told me. Now we know. https://seths.blog

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