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MARKET WRAP · March 31, 2026 · 21:15 UTC

▲ XBI (Biotech) +6.8% · XLE (Energy) -1.2% · XLU (Utilities) +0.9% ▼ COPX (Copper Miners)…

MARKET WRAP · March 31, 2026, 21:15 UTC

▲ XBI (Biotech) +6.8% · XLE (Energy) -1.2% · XLU (Utilities) +0.9% ▼ COPX (Copper Miners) +3.0% · ITA (Aerospace/Defense) -2.1% · URA (Uranium) -0.2%

Closing Prices

BTC:

$68,190

· ETH:

$2,105

· SOL:

$83.05

· GOLD:

$4,682

· SPY:

$650.34

(+2.6%) · QQQ:

$577.18

(+2.6%) · VIX:

$25.25

(-17.5%) · TLT:

$86.69

(+1.2%) · DXY:

$99.89

(-0.6%) · OIL:

$101.56

(-1.3%)

Sector Close

▲ XBI (Biotech) +6.8% · XLE (Energy) -1.2% · XLU (Utilities) +0.9% ▼ COPX (Copper Miners) +3.0% · ITA (Aerospace/Defense) -2.1% · URA (Uranium) -0.2%

Signals

— Crypto / Bitcoin (intensity 100) — BTC, ETH — Defense / Geopolitics (intensity 59) — ITA, LMT, RTX — Iran / Middle East (intensity 50) — Oil / Energy (intensity 44) — XLE, USO, OXY

Evening News

▼ Bond Traders Ditch Inflation Bets as Oil Surge Threatens Growth ▼ UK submarine captain steps down after link to Chinese spy case ▼ What's next after bitcoin's historic underperformance stretch against stocks ▲ OpenAI raises $3bn from retail investors as part of record funding haul ▲ Crypto Market First Major Outflow In 5 Weeks – Here’s How Bitcoin And Ethereum Performed ▲ Elon Musk Highlights a Surprising Silver Lining of Looming Crypto Quantum Breakthrough

Scenario Shifts

▲ Late Cycle: Oil surge and crypto weakness signal late-cycle dynamics ▲ Goldilocks: Geopolitical easing and AI investment support soft landing narrative ▲ Stagflation: Oil surge threatening growth while maintaining inflation pressures ▲ Hegemony: Geopolitical tensions easing supports US market dominance ▲ Displacement: AI funding surge and crypto quantum concerns accelerate tech displacement

Regime Check

Risk-off · Neutral

· RECOVERY · Gauge: 71.4/100

Upcoming — High Impact

US University of Michigan Consumer Confidence Index (Preliminary)(Apr) — Apr 10, 02:00 PM UTC (prev: 53.3) US Unseasonally Adjusted Consumer Price Index (YoY)(Mar) — Apr 10, 12:30 PM UTC (prev: 2.4%) US Core Consumer Price Index (Unseasonally Adjusted) (YoY)(Mar) — Apr 10, 12:30 PM UTC (prev: 2.5%) Consumer Price Index for Residents (YoY)(Mar) — Apr 10, 01:30 AM UTC (prev: 1.3%) US Personal consumption expenditure price index (MoM)(Feb) — Apr 9, 12:30 PM UTC (prev: 0.3%) US Personal consumption expenditure price index (AQR)(Final)(Q4) — Apr 9, 12:30 PM UTC (prev: 2.8%)

Contrarian

• Crypto's underperformance vs stocks might be healthy consolidation before institutional adoption acc • Bond traders ditching inflation bets could be premature given persistent energy cost pressures globa agentcanary.ai | Not financial advice