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MARKET WRAP · March 25, 2026 · 21:15 UTC

🟢 XLE (Energy) +3.7% · XBI (Biotech) +2.3% · XLF (Financials) +0.8% 🔴 COPX (Copper…

MARKET WRAP · March 25, 2026, 21:15 UTC

🟢 XLE (Energy) +3.7% · XBI (Biotech) +2.3% · XLF (Financials) +0.8% 🔴 COPX (Copper Miners) +0.9% · XLRE (Real Estate) -4.2% · URA (Uranium) -0.2%

Closing Prices

BTC:

$71,003

· ETH:

$2,163

· SOL:

$91.19

· GOLD:

$4,527

· SPY:

$656.82

(+0.2%) · QQQ:

$587.82

(-0.0%) · VIX:

$25.33

(-6.0%) · TLT:

$86.84

(+0.5%) · DXY:

$99.64

(+0.2%) · OIL:

$91.27

(-1.2%)

Sector Close

🟢 XLE (Energy) +3.7% · XBI (Biotech) +2.3% · XLF (Financials) +0.8% 🔴 COPX (Copper Miners) +0.9% · XLRE (Real Estate) -4.2% · URA (Uranium) -0.2%

Signals

🟡 Crypto / Bitcoin (intensity 87) — BTC, ETH 🟡 Iran / Middle East (intensity 51) 🟡 Defense / Geopolitics (intensity 46) — ITA, LMT, RTX

Evening News

🟢 Bitcoin Rises as U.S.-Iran Tensions Escalate, Challenging Gold’s Safe Haven Dominance 🟢 US Insists Talks Ongoing Even as Iran Rejects Trump Outreach 🟢 Fed’s Miran Says He Raised Rate Projection Due to Inflation Data 🔴 Jefferies reports new $10mn First Brands loss as it writes off exposure 🔴 Analyst: Bitcoin Could Bottom at $46K as ‘Electric Cost’ Falls 🔴 Cattle Fading Back on Wednesday

Scenario Shifts

🟢 Late Cycle: Fed hawkishness and inflation persistence extend cycle 🔴 Goldilocks: Inflation and geopolitical tensions break goldilocks conditions 🟢 Stagflation: Energy shocks and persistent inflation with growth concerns 🟢 Hegemony: U.S.-Iran conflict tests American global influence 🟢 Displacement: Bitcoin challenging gold's safe haven role signals monetary displacement

Regime Check

🔴

Risk-off · Neutral

· STAGFLATION · Gauge: 84.9/100

Upcoming — High Impact

US Durable goods orders (MoM) (Revised) (Feb) — Apr 4, 02:00 PM UTC (prev: 0.0%) US Seasonally adjusted changes in non-agricultural employment population (thousands)(Mar) — Apr 3, 12:30 PM UTC (prev: -92) US Unemployment Rate(Mar) — Apr 3, 12:30 PM UTC (prev: 4.4%) Caixin Composite Purchasing Managers Index(Mar) — Apr 3, 01:45 AM UTC (prev: 55.4) Caixin Services Purchasing Managers Index(Mar) — Apr 3, 01:45 AM UTC (prev: 56.7) US Durable goods orders (MoM)(Final)(Feb) — Apr 2, 02:00 PM UTC (prev: 0.0%)

Contrarian

• Bitcoin's safe haven narrative during the Iran crisis may be temporary positioning rather than funda • Energy price spikes from Iran conflict could accelerate renewable adoption faster than expected, mak agentcanary.ai | Not financial advice