While Wall Street obsesses over the Magnificent Seven, a handful of under-the-radar forces may shape the next leg of this market, for better and for worse.

Private credit has grown from a small niche market to a major slice of the financial asset pie. Not many people outside of institutional finance talked about it twenty years ago.

Over nearly every meaningful time frame, Bitcoin has dramatically outperformed traditional asset classes. In the last 3 years, it has returned an astonishing 79.2% annualized, compared to 18% for the S&P 500, 24.4% for gold, and just 2.6% for the Bloomberg U.S. Aggregate Bond Index.

One of the most fundamental decisions facing fixed-income investors is determining the optimal maturity for their Treasury holdings.