🛢️ Oil just sent your term sheet back for revisions.
Brent closed Monday above $90, the 10 year Treasury moved to 4.72 percent, Wall Street pulled back, and Asia opened Tuesday with Japan down sharply as markets started repricing inflation risk. Yet CNN’s Fear & Greed Index remains in “greed” and volatility is still unusually low. Translation: the market sees the fire alarm; it simply has not decided to leave the building.
💰 Monday’s deal tape was far more interesting than the stock indexes. Stripe agreed to acquire OpenRouter for more than $7 billion, Madison Air agreed to buy airflow technology giant Ebm Papst for $5.4 billion, and Nvidia…
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