Wall St muted as Mideast truce doubts, economic data keep investors on edge [Reuters]Few signs of traffic moving through the Strait of Hormuz heightened uncertainty around energy shipments, leading to a rebound in oil prices, though they remained below $100 a barrel…. Meanwhile, data showed U.S. inflation increased as expected in February and likely rose further in March amid the Iran war, while economic growth slowed more than previously estimated in the fourth quarter.Stocks Rally on Ceasefire Amid Biggest Short Squeeze Since 2020 [Bloomberg]"This is more of a relief rally than anything sustainable and we believe that ultimately we will not get anything satisfactory for either side, but taking the temperature down a notch is all that the market desired,” said Joe Gilbert, portfolio manager at Integrity Asset Management…. The sharp market rebound had hedge funds rushing to close out bets against US stocks…. Hedge fund managers sharply accelerated the covering of short positions tied to macro products — like major indexes and exchange-traded funds — late Tuesday, just after President Donald Trump announced the temporary ceasefire deal. The bank said the volume of such unwinding is on track to reach the levels seen early in the pandemic.Retail traders sold Wednesday’s rally. They aren’t buying Trump’s Iran ceasefire [CNBC Pro]Individual traders have shifted away from their long-running “buy-the-dip” playbook, JPMorgan data showed.OpenAI will allocate IPO shares to retail investors as it preps for debut, CFO says [CNBC via MSN]"AI needs to garner trust in everything that we do. That is part of why retail particularly speaks to me," Friar said. "It has to be that everyone partakes, that it isn't just that a very small group, and everyone else gets left behind."She pointed to her time as CFO of Square, now known as Block, where the fintech company offered a direct selling program to small business owners and sellers in its IPO.Some hedge funds are expanding in Miami — but its share of prized portfolio managers has fallen [BI via AOL]While well-off founders and near-retirement executives might be buying property in exclusive Miami neighborhoods or Palm Beach gated communities, the average employee in the asset management industry has not yet been convinced that the grass would be greener in Brickell instead of Midtown Manhattan…. In 2025, eight of the industry's biggest employers — multistrategy funds including Millennium, Citadel, Point72, Balyasny, Schonfeld, ExodusPoint, Verition, and Walleye — had a combined 218 investment professionals in Miami, according to filings. A year later, the eight firms had 20 fewer investors in the Magic City, despite the firms' investing-focused head count increasing by more than 11%.British computer scientist denies he is bitcoin developer Satoshi Nakamoto [Guardian]“I also don’t know who satoshi is, and i think it is good for bitcoin that this is the case, as it helps bitcoin be viewed [as] a new asset class, the mathematically scarce digital commodity,” [Adam Back] wrote…. Back said it was all happenstance. The artefacts that had led to [reporter John] Carreyrou’s conclusion were “a combination of coincidence and similar phrases from people with similar experience and interests”, he wrote.
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