Core PPI came in at +0.1% month over month while headline pushed to 4.0% year over year on pure energy pass-through, giving the Fed cover to hold; BlackRock upgraded US and EM equities to overweight into an active Hormuz blockade while three ships quietly transited the strait and Pakistan plus Turkey floated a second round of US-Iran talks; JPMorgan beat Q1 consensus but cut 2026 net interest income guidance, and Dimon's "increasingly complex" framing did more work than the EPS beat.
Every hyperscaler PPA and SMR commitment signed this year assumes US reactors refuel on schedule. The separative work units that turn mined uranium into reactor fuel were about 40% Russian before 2024 and the industry is still drawing down pre-war inventory. Centrus runs one cascade, Urenco and Orano have fixed output, and the next capacity additions land 2028-2030. If one utility delays a Q3 refuel citing fuel availability, every AI-power timeline priced for 2028 quietly slides to 2032.
Astronomers dated an organized spiral galaxy to 12.8 billion years ago, roughly 900 million years after the Big Bang. That is 300 million years earlier than any prior model had allowed for structured galactic formation. Either early-universe dark matter was denser than assumed or gas-cooling rates were faster, or both. Observational astronomy has been ahead of simulation cosmology on this axis for three years running, and every new early-galaxy observation forces recalibration of the simulations, not the other way around.
“The thief left it behind: the moon at my window.”
Notice what stayed. The room can be emptied; the window cannot. One set of things in your life is inventory the world can give and take on its own timetable. The other set is the attention and presence you bring to an ordinary morning, and that set was never the thief's to begin with. Today, name one thing still in your window, and stop guarding the room long enough to actually see it.