Markets took a downward turn after a strong open today, edging lower through the afternoon but ultimately off session lows.

PepsiCo is trading well above its estimated intrinsic value of ~$58, suggesting a limited margin of safety — the analysis favors viewing it more as a reliable compounder than a deep value buy.

China’s new rare earth export controls are stoking backlash from the G7, and Washington is accusing Beijing of stirring global panic—raising strategic and diplomatic tensions over critical supply chains.