๐ Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 8:30 AM | Core Retail Sales m/m | High |
| 8:30 AM | Retail Sales m/m | High |
| 10:00 AM | Fed Chair-Designate Warsh Testifies | High |
| 10:00 AM | Fed Chairman-Designate Warsh Testifies | High |
๐ Earnings Today
๐ Premarket Gainers & Losers
๐ฏ Gamma Flip Point โ $SPX (S&P 500 Index)
$SPX gamma flip point is 7070.52 |
๐ฅ Hot Market News
| Vance to travel to Pakistan on Tuesday for Iran talks, sources say Iran and the United States are considering initiating peace talks to de-escalate growing tensions, with potential involvement from Pakistan as a mediator.
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| Iran-US War: Trump Aims To Seal Deal, Says Truce Extension Unlikely Former U.S. President Donald Trump aimed to finalize an agreement regarding the tensions between Iran and the United States, while expressing skepticism about extending any temporary truce.
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| John Ternus to Succeed Tim Cook as Apple's New CEO Apple announced that John Ternus, currently senior vice president of hardware engineering, will become the new CEO, succeeding Tim Cook who will transition to the role of executive chairman effective September 1. Under Cook's leadership, Apple's market value soared to $4 trillion, and Ternus is expected to push the company further into artificial intelligence as one of his primary focuses.
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| Amazon Invests Additional $5 Billion in Anthropic as Part of Strategic Deal Amazon has invested an additional $5 billion in Anthropic, increasing its total investment to $13 billion, while Anthropic commits to spending over $100 billion on AWS over the next decade for new computing capacity. The deal includes the use of Amazon's custom chips, such as Trainium, as Anthropic aims to secure access to future technology developments.
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| Adobe Launches New AI Tools to Compete in Digital Marketing Space Adobe has launched a suite of AI tools called CX Enterprise to help businesses automate and personalize digital marketing, aiming to counter competition from AI startups like Anthropic. Despite a decline in its stock this year, Adobe shares rose 2.2% after the announcement, and the company is partnering with major firms including Amazon, Microsoft, and Nvidia to ensure compatibility across platforms.
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| Japan Abolishes Restrictions on Export of Lethal Weapons in Major Policy Shift Japan has approved changes to allow the export of lethal military equipment, moving beyond previous restrictions that limited exports to nonlethal categories. This policy shift, part of a proposal by Prime Minister Sanae Takaichi's Cabinet, aims to bolster Japanโs defense industry and will involve oversight by the National Security Council for exporting lethal weaponry to countries with existing defense agreements with Japan.
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| US and Iran Engage in Ceasefire Talks Amid Rising Tensions The United States and Iran are engaged in discussions regarding a ceasefire to address escalating tensions in the region, signaling potential diplomatic progress amidst ongoing conflicts.
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| South Korean President Rejects Allegations of Intelligence Leak on North Korean Facility South Korean President Lee Jae Myung dismissed claims that Unification Minister Chung Dong-young leaked US-provided intelligence about North Korea's uranium enrichment facility, arguing that the facility's existence was publicly known. The US has limited satellite intelligence sharing with South Korea but continues regular information sharing on North Korea's military activities.
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| Cuba confirms US visit as Trump tries to force change on island Cuba has confirmed a visit by US officials amid efforts by the Trump administration to implement policies aimed at bringing change to the island's governance and economic practices.
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| US in talks with DP world on Gaza logistics under Trumpโs Board of Peace plan The Israeli Defense Forces conducted airstrikes on Hamas positions in Gaza in response to rockets fired into southern Israel, causing significant damage to military infrastructure in the region.
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๐ฑ Forex & Commodities
| Hedge Funds Up Bearish Dollar Positions Amid Hopes of US-Iran Ceasefire Extension Hedge funds are increasing their bearish positions on the U.S. dollar in anticipation of a potential extension of the ceasefire between the United States and Iran, which may impact global market dynamics.
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| USA Rare Earth's Incoming President Plans Aggressive Growth to Challenge China's Rare Earth Dominance USA Rare Earth Inc., led by incoming president Thras Moraitis, is pursuing a $2.8 billion acquisition of Brazil's Serra Verde Group to enhance its position in the rare earth supply chain and reduce China's dominance. The acquisition includes an operating mine in Brazil and is part of a broader strategy involving both acquisitions and organic growth, backed by proposed funding from the US Department of Commerce.
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| U.S. Dollar Weakens After Initial Gains Amid Middle East Tensions The U.S. dollar fell on Monday as optimism grew for a ceasefire deal in the Iran war despite heightened tensions following the U.S.'s seizure of an Iranian cargo ship. Tehran threatened retaliation and refused to join new peace talks, while Vice President JD Vance and the U.S. delegation prepared for talks in Pakistan. The dollar index dropped 0.33% to 98.13, while the euro and sterling recorded gains.
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| Trump Invokes Defense Production Act to Fund Energy Projects Amid Rising Costs President Donald Trump invoked the Defense Production Act to allocate federal funds to energy projects, including domestic coal power and liquefied natural gas, to address high oil, gasoline, and electricity costs. This move allows the Energy Department to aid in overcoming market barriers, with a focus on strengthening grid infrastructure and supporting emerging technologies amid concerns over a constrained electric grid and rising consumer costs.
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๐ช Crypto News
| North Koreaโs crypto heist playbook is expanding and DeFi keeps getting hit Cryptocurrency exchange MEXC has successfully listed TOMO, the native token of the TomoChain blockchain, and has now opened trading for the asset on its platform.
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| Bitcoin Faces Short-Term Pressure as Global Liquidity Contracts, Says Hilbert CIO Russell Thompson of Hilbert Group highlighted a potential liquidity contraction of up to 25% that could affect Bitcoin and other risk assets before possible U.S. policy actions provide relief. He expects legal clarity on crypto regulations before the summer recess and predicts Bitcoin to end 2026 significantly higher than current levels, despite a recent price decline.
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| Reabold Resources to Mine Bitcoin Using Gas Assets in the UK Reabold Resources plans to utilize its gas assets in the UK for bitcoin mining as part of a new strategic initiative. The company intends to capitalize on low-cost energy supplies to support cryptocurrency operations.
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| Tether backs Abu Dhabi tokenization startup KAIO with $8m Tether has invested $8 million in KAIO, an Abu Dhabi-based startup focused on tokenization, as part of its efforts to expand in the growing digital asset and blockchain sectors.
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| Coinbase And Bybit Join Forces On Tokenization Of Stocks Coinbase Global is collaborating with Bybit to tokenize, manage, and distribute U.S. stocks, including offering tokenized versions of pre-IPO stocks like SpaceX. This partnership aligns with Bybit's plans to enter the U.S. market and allows Coinbase to expand its customer base globally, capitalizing on Bybit's presence in Asia and the Middle East.
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๐ ๏ธ Free Market Tools
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