📅 Economic Releases
| Time (ET) | Event | Impact |
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| 10:00 AM | NAHB Housing Market Index | Low |
| 4:00 PM | TIC Long-Term Purchases | Low |
📊 Earnings Today
📈 Premarket Gainers & Losers
🎯 Gamma Flip Point — $SPX (S&P 500 Index)
$SPX gamma flip point is 7409.65 |
🔥 Hot Market News
| Bond Traders See Shift Toward New Era of Higher Yields The anticipation of elevated borrowing costs is shaping up as US 30-year bond yields neared a two-decade high, driven by inflation concerns linked to rising oil prices due to geopolitical tensions. The bond market turmoil has led traders to foresee a potential interest-rate hike by the Federal Reserve as early as December, contrary to earlier expectations of rate cuts, emphasizing the impact of the Middle East conflict on the global financial landscape.
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| ‘Bond King’ Gundlach Says Fed Rate Cuts Are Effectively Impossible Jeffrey Gundlach, CEO of DoubleLine Capital, expressed doubts about the Federal Reserve cutting interest rates due to persistent inflation and rising oil prices, while also raising concerns about high stock valuations and the private credit market.
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| China's economy slows sharply as investment resumes declines China's economic growth has decelerated significantly as investment levels continue to drop, indicating increased challenges for the country's economic stability and development.
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| EU Plans to Diversify Critical Component Suppliers to Reduce Reliance on China The European Union is drafting rules to require companies to buy critical components from at least three different suppliers, aiming to lessen dependence on China in sectors like chemicals and industrial machinery. The proposed legislation would limit firms to sourcing 30% to 40% of components from a single supplier, and EU trade commissioner Maros Sefcovic is considering tariffs on Chinese goods to address trade imbalances.
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| Volatile Chipmaker Stocks Emerge as Key Driver of S&P 500 Rally Chipmakers are increasingly dominating the S&P 500 Index, contributing significantly to its gains in 2026, driven by demand for chips powering AI. However, a recent selloff highlighted concerns over the market's durability, as chip stocks, now making up 18% of the index, pose a risk of exacerbating broader market selloffs if demand cools.
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| Iran's Seizure of Chinese Security Ship Shows Its Favors for Friends Have Limits Iran seized a Chinese security ship, indicating that its alliances have boundaries and it will act assertively even towards countries that are considered allies under certain circumstances.
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| Activist Elliott Builds Big Stake in Life-Science Tools Supplier Bio-Rad Elliott Management has acquired a significant stake in Bio-Rad Laboratories, a company that provides life-science research and clinical diagnostic products.
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💱 Forex & Commodities
| Dollar steady as oil climbs, bond selloff deepens The dollar was on the defensive against most major currencies on Monday as fresh Middle East tensions lifted oil prices and a global bond selloff stoked rate-hike bets, while yen weakness kept traders on alert for a possible intervention.
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| Gold slips to 1-1/2-month low as Middle East tensions lift oil, cloud rate outlook Gold prices dropped to their lowest in over a month due to heightened geopolitical tensions in the Middle East that increased oil prices and inflation fears, resulting in expectations for prolonged higher interest rates. A drone strike in the UAE contributed to these tensions, while markets anticipated a potential U.S. Federal Reserve rate hike by year-end.
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| Japanese Yen weakens to over two-week low vs USD on Iran tensions; USD/JPY retakes 159.00 The USD/JPY pair scales higher for the sixth consecutive day – also marking the seventh day of a positive move in the previous eight – and climbs to a two-and-a-half-week high during the Asian session. Spot prices now look to build on the momentum above the 159.00 mark and remain well supported by a broadly firmer US Dollar.
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🪙 Crypto News
| Bitcoin Hits Two-Week Low As Liquidations Top Half A Billion Bitcoin fell to $76,711, its lowest since May 1, as geopolitical tensions from the US-Iran conflict affected market sentiment, resulting in $500 million worth of cryptocurrency liquidations. The uncertainty also led to significant outflows from Bitcoin exchange-traded funds and was accompanied by declines in other cryptocurrencies like Ether and Solana.
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| Pay Bitcoin, Sail Through Hormuz? Iran Reportedly Proposes Insurance Platform For Ships Passing Through The Strait Iran has proposed managing the Strait of Hormuz through an insurance framework called 'Hormuz Safe,' allowing for marine insurance issued via Bitcoin payments, potentially generating over $10 billion in revenue. Despite a blockade following the death of Iran's Supreme Leader, commercial traffic can still pass except for ships linked to Iran's adversaries, with China working to reopen the Strait.
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🛠️ Free Market Tools
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