📅  Economic Releases

Time (ET)EventImpact
8:30 AMCore Retail Sales m/mHigh
8:30 AMRetail Sales m/mHigh
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📊  Earnings Today

CompanyWhenEstimate
AMAT
Applied Materials, Inc.
AMC2.68
EPS Est
MUFG
Mitsubishi UFJ Financial Group, Inc.
0.03
EPS Est
MFG
Mizuho Financial Group, Inc.
0.00
EPS Est
BN
Brookfield Corporation
BMO0.30
EPS Est
NGG
National Grid plc

EPS Est
NU
Nu Holdings Ltd.
AMC0.19
EPS Est
VIK
Viking Holdings Ltd
BMO-0.11
EPS Est
HMC
Honda Motor Co., Ltd.
BMO
EPS Est
BAP
Credicorp Ltd.
AMC7.26
EPS Est
RBC
RBC Bearings Incorporated
BMO3.32
EPS Est
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📈  Premarket Gainers & Losers

▲ Top GainersCompanyChange
WOLFWolfspeed, Inc.+24.52%
EOSEEos Energy Enterprises, Inc.+23.09%
SLSSELLAS Life Sciences Group, Inc.+20.69%
NXTNextpower Inc.+18.85%
VELOVelo3D, Inc.+18.63%
PSFEPaysafe Limited+18.41%
TSEMTower Semiconductor Ltd.+15.02%
PENGPenguin Solutions, Inc.+14.46%
MRAMEverspin Technologies, Inc.+13.63%
NBISNebius Group N.V.+13.61%
▼ Top LosersCompanyChange
WIXWix.com Ltd.-26.33%
GILTGilat Satellite Networks Ltd.-18.23%
DTDynatrace, Inc.-15.81%
REZIResideo Technologies, Inc.-15.48%
RCATRed Cat Holdings, Inc.-14.42%
BRCBBlack Rock Coffee Bar, Inc.-12.67%
PHOEPhoenix Asia Holdings Limited-12.67%
EYENational Vision Holdings, Inc.-11.13%
KRMNKarman Holdings Inc.-10.05%
BGINBgin Blockchain Limited-9.77%
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🎯  Gamma Flip Point — $SPX (S&P 500 Index)

$SPX gamma flip point is 7366

 

🔥  Hot Market News

AI Bond Binge Overwhelms Wall Street, Pushing Alphabet Overseas

Alphabet Inc., the parent company of Google, is executing a massive debt sale totaling nearly $60 billion across multiple currencies, including a recent $17 billion in yen, to fund an extensive artificial intelligence buildout expected to cost $5 trillion by 2030. This move makes Alphabet a dominant player in various foreign debt markets and highlights a trend where tech companies are increasingly turning to global bond markets to avoid overcrowding the US market.

Swissinfo · 6 minute read

US pushes back against China's car risk

The United States is taking measures to counter potential risks posed by Chinese-manufactured vehicles, as concerns about data security and economic influence grow amid increasing tensions between the two nations.

Com · 3 minute read

Japan Eases Arms Export Restrictions Amid Rising Global Demand

Japan's decision to lift its decades-old ban on arms exports presents an opportunity for its defense industry to capitalize on increasing global demand, with potential markets in air defense and maritime domain awareness. Despite challenges like a lack of international marketing experience, Japanese defense manufacturers aim to expand their presence by leveraging advanced technological strengths and strategic partnerships.

CNBC · 5 minute read

European Central Bank May Raise Rates if Oil Shock Weakens Inflation Expectations: Official

An official from the European Central Bank has indicated that the bank may consider raising interest rates if the ongoing oil shock leads to a decrease in inflation expectations.

Com · 3 minute read

ISABELNET@ISABELNET_SA

📌 Valuations Valuations are stretched across sectors and styles, leaving investors with almost no room for error. That is what makes this market so tricky. If sentiment turns, there is not much to catch the fall 👉 https://www.isabelnet.com/?s=valuation @GoldmanSachs $spx #spx #MSCI #stocks

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Giovanni Staunovo🛢@staunovo

As of Monday, May 11, total oil product stocks in #Fujairah fell to a fresh record low level of 6.497 million barrels. Overall, there was a net draw of 4,000 barrels, or a 0.1% week-on-week fall. The weekly stocks movement in Fujairah saw marginal movements across all three stock categories. #oott https://fujairah.platts.com/fujairah/#analyst

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Charlie Bilello@charliebilello

Producer Prices in the US rose 6% over the last year (highest since Dec 2022) and 4.7% per year over the last 5 years. 2% inflation is a myth. The Fed has lost all credibility when it comes to fighting inflation.

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Mr. VIX@yieldsearcher

Despite all the excitement around semi stocks and the AI capex narrative, worth noting that Oracle CDS still trades wider than pre-war levels, suggesting the credit market continues to express doubts about the durability of the “no-brainer” thesis.

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junkbondinvestor@junkbondinvest

69% of private credit is rated B- or worse. A quarter is already CCC. The reality of the asset class is concentrated subprime corporate lending.

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Daily Chartbook@dailychartbook

"America is at peak 18, and the number of 18-year-olds will fall 14% over the coming decade" -Apollo Slok

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Arbor Data Science@DataArbor

The $1.5 trillion budget proposal submitted by the Pentagon for FY 2027 includes $76.96 billion on the procurement of missiles and missile defense systems. This would nearly triple the planned spending of $27.22 billion in FY 2026 for missiles and missile defense systems.

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unusual_whales@unusual_whales

Fed's Kashkari: Inflation is too high.

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*Walter Bloomberg@DeItaone

SAUDI, KUWAITI STRIKES HIT IRAN-BACKED MILITIAS IN IRAQ Saudi fighter jets reportedly struck Iran-linked militia targets in Iraq during the Iran war, while retaliatory rocket attacks were also launched from Kuwait into Iraq, according to multiple sources. The strikes targeted militia sites accused of launching drone and missile attacks on Gulf states, including Saudi Arabia and Kuwait. The conflict has widened across the region since the U.S.-Israeli strikes on Iran in February, contributing to attacks on Gulf infrastructure, closure of the Strait of Hormuz, and surging oil prices. Sources say Gulf states grew increasingly frustrated with Iran-backed militias operating from Iraq, despite earlier diplomatic efforts to avoid escalation.

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Peter Mallouk@PeterMallouk

"Sell in May and Go Away" Has this been a good rule of thumb for investors to follow? Not at all. May-October returns are still positive on average (+7% annualized) with stocks higher 72% of the time.

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Peter Mallouk@PeterMallouk

College tuition is up 672% over the last 40 years. Overall inflation? +198%. This isn’t normal. This isn’t sustainable. This isn’t a good thing.

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unusual_whales@unusual_whales

China is sitting on a $3 trillion pile of hidden bad debt that threatens to turn an economic malaise into a permanent drag, per Bloomberg

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Polymarket@Polymarket

JUST IN: Business schools are slashing MBA tuition by as much as 50% due to falling demand.

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💱  Forex & Commodities

Oil Prices Rise as IEA Flags Volatility and OPEC Lowers Demand Outlook Amid Middle East Conflict

Oil prices increased as the International Energy Agency warned of future volatility and OPEC reduced its demand growth forecast due to the ongoing impact of the Iran war. OPEC's production has significantly dropped, while the exit of the UAE from the cartel and geopolitical tensions in the Strait of Hormuz continue to influence global oil supply.

CNBC · 2 minute read

From austerity calls to flight cuts, India feels the heat from high energy prices

Rising energy prices have prompted India to implement austerity measures and reduce airline flights to manage the economic strain caused by increased fuel costs.

Spglobal · 3 minute read

Charlie Bilello@charliebilello

The US collected a record $327 billion in customs duties over the last 12 months, which was over 3x higher than what was collected in the 12 months prior ($94 billion). Who is bearing the cost of this additional tax? Mostly US consumers via higher prices.

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Daily Chartbook@dailychartbook

"Many countries appear well positioned in terms of net import coverage." JPMorgan

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🪙  Crypto News

Bitcoin ETFs Record $635 Million in Net Outflows, largest single-day outflow in 105 days

Spot Bitcoin ETFs experienced the largest single-day outflow in 105 days, with $635 million in withdrawals, raising concerns among traders and analysts about potential further market downturns. The outflow, which occurred during a fragile market phase, has led to increased volatility expectations and fear among investors, as institutional activity significantly influences Bitcoin market sentiment.

Coinfomania · 3 minute read

Anthropic AI Assistant Claude Helps Man Recover $400,000 in Bitcoin

A user named cprkrn successfully retrieved 5 Bitcoin, worth approximately $400,000, from a wallet he was locked out of for over a decade by enlisting the help of the Anthropic AI assistant Claude. The AI assistant located an old wallet file prior to the user's password change, enabling the recovery.

Complex · 1 minute read

Nigel Farage Faces Investigation Over £5m Gift From Crypto Billionaire

Nigel Farage is under investigation by the parliamentary standards watchdog for receiving a £5m gift from crypto billionaire Christopher Harborne, which he claims was for personal security. The gift has sparked controversy, with other parties arguing Farage should have declared it, and the Electoral Commission considering a complaint from the Conservatives.

The Guardian · 4 minute read

Bitcoin May Be 26% Undervalued Relative to Gold, Model Suggests

A valuation model indicates that Bitcoin could be undervalued by 26% when compared to gold, implying a potential discrepancy in market pricing between the two assets.

Intellectia · 3 minute read

Coin Bureau@coinbureau

📊INSIGHT: Solana’s advantage over Ethereum in DEX trading has shrunk fast. After peaking at more than double Ethereum’s volume in January 2026, Solana is now at about the same level, with both networks processing roughly $45 billion in monthly DEX volume.

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Coin Bureau@coinbureau

📈 STABLECOINS ON TRACK TO BECOME THE WORLD’S LARGEST PAYMENT RAIL Binance Research shows stablecoin volume is now nearing $8 TRILLION, already surpassing Visa and putting it on track to overtake ACH, the network used for U.S. payroll, bills, direct deposits, and bank transfers.

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