February 01, 2026 Edition
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Two Graphs
As of January 2026, the corporate bond spread is at its lowest level in over 25 years, indicating unusually high investor confidence and low perceived credit risk compared to previous periods, including post-crisis and recessionary spikes.
After Trump takes office in 2025, unemployment among native-born workers rises sharply while foreign-born unemployment drops, creating a significant gap between the two rates for the first time in the period shown.
Headlines
Trump’s Oil Grab Is a Big Problem for the OPEC Cartel (WSJ) … Despite Trump’s claims, grocery prices are rising (NY Times) … Asian shares hit record on valuations, gold slips (Bloomberg) … A Wealth Tax Floated in California Has Billionaires Thinking of Leaving (NY Times) … ‘It’s Revenge of the Banks’ as Private Creditors Lose Their Edge (Bloomberg) … Private credit investors pull back (FT) … A.I., Big Tech and Trump Shine Most Brightly at the Davos Spectacle (NY Times) … U.S. Blockade Shuts Off China, Cuba From Venezuelan Oil (WSJ) … US Developer Glenfarne Launches Financing for Texas LNG Project (Bloomberg) … Consumers Love Cheap Gas, but the Oil Patch Will Pay the Price (WSJ) … Fine wine investors find little cheer in third year of falls (FT) … How special forces became modern warfare’s go-to solution (FT) … Stock Relief Rally Extends With Boost From Tech (Bloomberg) … Polymarket (FT)