π Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 9:30 AM | FOMC Member Barkin Speaks | Low |
| 10:30 AM | Crude Oil Inventories | Low |
| 11:00 AM | FOMC Member Schmid Speaks | Low |
| 1:20 PM | FOMC Member Musalem Speaks | Low |
π Earnings Today
| Symbol | Company | Time | Price | Mkt Cap | EPS Est |
|---|---|---|---|---|---|
| NVIDIA Corporation | After Close | $192.85 | $4.7T | 1.54 | |
| HSBC Holdings plc | Before Open | $87.88 | $301.7B | β | |
| Salesforce, Inc. | After Close | $185.42 | $176.5B | 3.05 | |
| The TJX Companies, Inc. | Before Open | $157.66 | $175.5B | 1.38 | |
| Lowe's Companies, Inc. | Before Open | $278.59 | $156.3B | 1.84 | |
| Bank of Montreal | Before Open | $142.30 | $102.3B | 3.21 | |
| Synopsys, Inc. | After Close | $440.72 | $84.3B | 3.56 | |
| Nu Holdings Ltd. | After Close | $16.53 | $80.1B | 0.18 | |
| Diageo plc | Before Open | $102.14 | $56.8B | β | |
| Snowflake Inc. | After Close | $161.06 | $55.1B | 0.27 |
π Stocks in Play
| Symbol | Name | Volume | Price | Change | Chg % | Mkt Cap |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 160.01M | $192.85 | +1.30 | +0.68% | $4.70T | |
| Intel Corporation | 96.46M | $46.12 | +2.49 | +5.71% | $230.38B | |
| Plug Power Inc. | 85.03M | $1.91 | +0.07 | +3.80% | $2.66B | |
| ImmunityBio, Inc. | 82.29M | $11.55 | +1.72 | +17.50% | $11.38B | |
| Advanced Micro Devices, Inc. | 79.86M | $213.84 | +17.24 | +8.77% | $348.65B | |
| Ondas Inc. | 68.29M | $10.40 | +0.21 | +2.06% | $4.68B | |
| Ford Motor Company | 64.86M | $14.20 | +0.56 | +4.11% | $56.65B | |
| Blue Owl Capital Inc. | 65.79M | $10.73 | +0.29 | +2.78% | $16.77B | |
| American Airlines Group Inc. | 64.21M | $13.15 | +0.22 | +1.70% | $8.68B | |
| Hims & Hers Health, Inc. | 61.62M | $15.46 | -0.05 | -0.32% | $3.52B |
π― Gamma Flip Point β $SPX (S&P 500 Index)
$SPX gamma flip point is 6894.79 |
π₯ Hot Market News
| Jamie Dimon warns markets resemble pre-financial crisis era: 'I see a couple of people doing some dumb things' JPMorgan Chase CEO Jamie Dimon warned that the current financial market shows similarities to the period before the global financial crisis, citing high asset prices and risky behavior. Despite turbulence caused by AI fears, Dimon remains confident in JPMorgan's strategy and technological investment to maintain its competitive edge.
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| The death of the Trump trade Global investors are increasingly avoiding the US under Donald Trump's administration, with European and Asian markets showing better performance compared to the struggling US tech sector. This shift is evidenced by a significant positive allocation to euro assets and a decline in enthusiasm for US markets, marking a global rebalancing in investment portfolios.
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| AI Start-Up Anthropic Revives Tech Sector with Partnership Plans Amid Market Uncertainty AI start-up Anthropic's announcement of seeking partnerships rather than replacing existing services rejuvenated the technology sector, despite lingering investor concerns about whether the current tech stock recovery is sustainable or merely a temporary 'dead cat bounce'.
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| Actively Managed ETFs That Have Outperformed the S&P 500 Several actively managed ETFs, such as the ARK Autonomous Technology & Robotics ETF, Avantis U.S. Large Cap Value ETF, and Tema American Reshoring ETF, have delivered impressive returns, surpassing the S&P 500 in recent years. These funds provide diverse investment opportunities in areas like technological innovation, large-cap value stocks, and U.S. manufacturing with AI infrastructure, potentially enhancing portfolio returns.
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π± Forex News
| Former Bank of Japan Chief Kuroda Calls for Tighter Monetary and Fiscal Policy Haruhiko Kuroda, former Bank of Japan chief, urges a shift towards tighter monetary and fiscal policy due to Japan's current inflation and weak yen, contrasting his previous tenure during deflation and a strong yen. He expects the Bank of Japan to raise interest rates in the coming years if economic conditions remain stable, but current market expectations are for delayed rate hikes amid easing inflation and Prime Minister Takaichi's opposition to further tightening.
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| Danske Research Team Highlight Mixed US Signals Amidst Hawkish Fed Outlook The Danske Research Team notes a modest rebound in U.S. consumer confidence and an increase in private hiring according to ADP data. Despite hawkish comments from Fed officials emphasizing inflation concerns, Danske anticipates that cooling real growth will lead to interest rate easing starting in June.
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πͺ Crypto News
| Leading stablecoin Tether shrinks again as market cap eyes second straight monthly drop Tether, the largest stablecoin by market value, has experienced a rare two-month contraction, dropping 0.8% to $183.61 billion, which parallels the post-Terra collapse in 2022. This decline, alongside stalled growth in other stablecoins like USDC and weak demand for U.S.-listed spot bitcoin ETFs, raises concerns about the crypto market's recovery potential.
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| Kalshi Is Finally Taking Up Its Fight Against Insider Trading β Hereβs How Kalshi is intensifying its fight against insider trading in prediction markets by implementing real-time surveillance with the help of a tool called Poirot, bringing in new compliance leadership, and collaborating with experts like Wharton Forensic Analytics Lab to investigate and prevent fraudulent activities. This initiative aims to uphold market integrity and user trust by drawing on Wall Street-style regulation and monitoring strategies.
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| The $10 Billion Vanishing Act: Binance Stablecoin Reserves Evaporate To 2024 Levels As Liquidity Flees Crypto Binance has seen a significant reduction in its stablecoin reserves, with approximately $10 billion withdrawn since November, returning reserve levels to those last seen in October 2024. This decline in liquidity reflects a broader trend in the crypto market, where limited incoming capital inflows and tightening liquidity conditions are causing investors to be more cautious in deploying capital.
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π οΈ Free Market Tools
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