π Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 8:45 AM | FOMC Member Miran Speaks | Low |
| 10:00 AM | Construction Spending m/m | Low |
π Earnings Today
| Symbol | Name | Time | EPS Est |
|---|---|---|---|
| WuXi AppTec Co., Ltd. | β | 1.68 | |
| Henderson Land Development Company Limited | β | β | |
| ABIVAX SociΓ©tΓ© Anonyme | β | β | |
| ABIVAX SociΓ©tΓ© Anonyme | After Close | β | |
| Tingyi (Cayman Islands) Holding Corp. | β | β | |
| WeRide Inc. | Before Open | -0.69 | |
| West China Cement Limited | β | β | |
| Lithium Argentina AG | Before Open | 0.04 | |
| Caledonia Mining Corporation Plc | Before Open | 0.59 | |
| Public Policy Holding Company, Inc. | After Close | 0.43 |
π Stocks in Play
| Symbol | Price | Chg % | Mkt Cap |
|---|---|---|---|
| $29.02 | +0.14% | $105.75B | |
| $20.53 | -33.32% | $12.33B | |
| $172.93 | -3.03% | $4.20T | |
| $43.87 | -5.00% | $219.14B | |
| $11.52 | -1.03% | $45.96B | |
| $28.31 | +2.05% | $200.70B | |
| $8.77 | -2.88% | $4.88B | |
| $2.23 | -7.08% | $3.11B | |
| $13.12 | +0.54% | $53.86B | |
| $77.65 | -1.10% | $306.80B |
π― Gamma Flip Point β $SPX (S&P 500 Index)
$SPX gamma flip point is 6587.75 |
π₯ Hot Market News
| Private Equity Firms Shift Focus to Heavy Assets Amid AI Boom Private capital firms like Blackstone, Bain Capital, and Brookfield are increasingly investing in heavy assets with low obsolescence, such as industrial equipment, due to the AI boom's impact on software investment. This strategic shift, known as the HALO trade, highlights a preference for tangible assets like medical supplies, energy, and real estate, in response to new AI technologies potentially disrupting the software industry.
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| Chinese Premier Li Qiang Pledges to Address Trade Surplus Concerns Chinese Premier Li Qiang promised to increase imports and market access to alleviate international concerns over China's record US$1.2 trillion trade surplus. Amid a fragile trade truce with the US, China is reducing export tax rebates on products like solar cells to mitigate global trade imbalance worries.
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| Iranian Missile Strikes Are Costing Big Oil Billions in Lost Revenue Iranian missile strikes have resulted in significant disruptions to oil operations, causing major oil companies to incur billions of dollars in lost revenue due to halted production and damaged infrastructure.
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| Iran and Houthi Proxies Threaten Red Sea Amid Rising Tensions Iran and its Houthi allies might aim to disrupt shipping in the Red Sea as part of their strategy to impose economic costs, potentially targeting critical transit points like the Strait of Bab el-Mandeb. The Houthis have already demonstrated missile and drone capabilities and have issued threats of naval blockades against the US and Israel, amid ongoing regional conflicts.
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| Activist Elliott Builds Big Synopsys (SNPS) Stake, Pushes for AI Gains Elliott Management has acquired a significant stake in Synopsys, Inc. (SNPS) and is advocating for the company to leverage artificial intelligence to enhance its products and growth.
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π± Forex News
| Global Energy Crisis Linked to Iran Conflict Mirrors 1970s Oil Shocks, Says IEA Head The conflict in Iran, exacerbated by bombings and the closure of the Strait of Hormuz, has resulted in the loss of 11 million barrels of oil per day and significant reductions in gas supply, leading to a crisis comparable to the 1970s oil shocks and the fallout from Russia's invasion of Ukraine. IEA's Fatih Birol highlighted the critical need to reopen the strait to alleviate the situation and suggested further emergency oil releases may be necessary.
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| Saudi Arabia Implements East-West Pipeline Plan Amid Strait of Hormuz Closure With the Strait of Hormuz closed due to US-Israeli strikes on Iran, Saudi Arabia activated a contingency plan, using its East-West pipeline to continue oil exports from the Red Sea port of Yanbu. Despite an Iranian attack on March 18, exports surged, demonstrating the pipeline's strategic importance as an alternative route for global oil supply.
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| Japanβs currency chief says government will take all possible steps needed as Yen remains under pressure Atsushi Mimura, Japan's vice finance minister for international affairs, warned speculators that the government will take all necessary measures to address the yen's weakness amid Middle East tensions and rising oil prices, which have affected currency markets and increased pressure on the yen.
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πͺ Crypto News
| Oil, silver trading is way more popular than XRP, solana on Hyperliquid Traders on the decentralized exchange Hyperliquid are actively trading perpetual futures for commodities like oil and silver, overshadowing crypto tokens such as XRP and Solana due to increased volatility from the Iran conflict. In the past 24 hours, crude oil contracts surpassed $500 million in volume, while silver alone hit $412 million, as geopolitical tensions drive commodity market interest.
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| South Korea crypto liquidity tumbles as stablecoin balances plunge 55% and stock buying rises Stablecoin balances in South Korea have fallen sharply since July even as stock inflows rise, underscoring a shift in where money is flowing. The total amount of these so-called tokenized versions of fiat currencies held in wallets tied to South Koreaβs five largest crypto exchanges have plunged 55%, with on-chain data pointing to a sharp wave of outflows triggered by the wonβs break past 1,500 per dollar in mid-March.
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| Ethereum faces make-or-break moment in high-stakes balancing act as scaling, quantum and AI pressures mount Ethereum is grappling with structural challenges related to scaling, security, and its core purpose amid upgrades aimed at efficiency and cost reduction. The network faces pressures from fragmented layer-2 solutions, potential quantum computing threats, and leadership changes, all requiring a balanced approach to maintain its decentralization and security while evolving technologically.
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| Bitcoin Options Signal Extreme Fear as Downside Protection Premium Hits New All-Time High, Says VanEck The premium for downside protection on bitcoin options has reached a new record high, indicating extreme fear among investors according to analysis by VanEck.
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π οΈ Free Market Tools
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