March 2026 in numbers:

Oil (USO): +61.5%

Commodities (DBC): +18.1%

Dollar (UUP): +3.2%

BTC: -1.1%

Bonds (TLT): -3.6%

S&P (SPY): -7.9%

Gold (GLD): -13.2%

Oil dominates. Commodities ripping from oil while dollar strengthening. Everything else red.

$BTC lost 1.1% while SPY lost 7.9%, entering well into second bear market phase. That said, bitcoin held 7x better than equities in the same macro environment.

Gold down 13% is the surprise nobody expected. The traditional safe haven is underperforming the asset everyone calls "risky."

Q1 ends tomorrow. What are you watching going into Q2?