Traf

BREAKING: US stock market futures fall sharply after President Trump says the ceasefire with Iran is over: 1. S&P 500: -1.0% 2. Nasdaq 100: -1.5% 3. Dow Jones: -1.3% 4. WTI Crude: +5.0% 5. Brent: +6.0% 6. Gold: -2.5% The "Memorandum of Understanding" appears to have come to an end.

This is absolutely insane. President Trump is currently flying to China with all of the following people to request "deals" with China's President Xi: 1. Elon Musk, Tesla and SpaceX CEO 2. Jensen Huang, Nvidia CEO 3. Tim Cook, Apple CEO 4. Larry Fink, BlackRock CEO 5. Stephen Schwarzman, Blackstone CEO 6. Kelly Ortberg, Boeing CEO 7. Brian Sikes, Cargill CEO 8. Jane Fraser, Citigroup CEO 9. Larry Culp, General Electric CEO 10. David Solomon, Goldman Sachs CEO 11. Sanjay Mehrotra, Micron CEO 12. Cristiano Amon, Qualcomm CEO President Trump also says there are "many other" CEOs joining him on the trip who have not yet been disclosed. Never in history has such a trip even remotely near this scale and caliber occurred. This Trump-Xi meeting is far bigger than most realize.

BREAKING: Despite all of the headlines, there is a mere 8% chance that the Hantavirus becomes a "pandemic" in 2026. This is exactly why the market is not reacting to the headlines.

BREAKING: Iranian state media says Iran has officially sent Pakistani mediators its response to the proposed US deal to end the war. We expect to receive more details shortly.

BREAKING: We have obtained further information as Iran considers taking control of 7 undersea internet cables in the Strait of Hormuz. Details include: 1. Under the new policy, “foreign operators” would be required to obtain permits to use these cables 2. This would include paying fees and following Iranian law 3. All management and maintenance would be handled by Iranian companies 4. The IRGC has previously warned it could target these same cables These cables are critical for data traffic between Europe, Asia, and the Gulf.

BREAKING: GameStop stock, $GME, erases all gains and falls -4% on the day after offering $56 billion to buy eBay.

BREAKING: Ford stock, $F, surges over +7% after reporting Q1 2026 EPS that is +247% above expectations.

It's going to be an eventful day: Google, Meta, Microsoft, and Amazon will all report earnings after the market closes today. That's $12 TRILLION worth of market cap reporting earnings within a 30 minute window. All as the Fed interest rate decision is released at 2 PM ET and US oil prices are surging toward $105/barrel. Buckle up for a huge day ahead.

BREAKING: White House officials say President Trump has discussed with US oil companies a plan to potentially continue the US “blockade” of the Strait of Hormuz for months.

BREAKING: Robinhood stock, $HOOD, falls over -7% after posting weaker than expected Q1 2026 earnings.

BREAKING: Nvidia stock, $NVDA, officially hits a new record high, now worth $5.2 trillion. Nvidia has now added +$4.9 TRILLION in market cap since 2022.

BREAKING: Iran says it has made "no decision" on whether it will engage in a second round of negotiations with the US, per Tasnim. Steve Witkoff and Jared Kushner are reportedly already heading to Pakistan for a second round of talks.

BREAKING: Iran says it has decided not to enter negations with the US and denies making any request for direct talks with the US, per Tasnim.

Wealth inequality in the US has never been wider: The real wealth of the top 0.001% of US households has grown +3,500% since 1976. At the same time, inflation-adjusted wealth of the top 0.01% and 0.1% has surged +2,200% and +1,200%, respectively. By comparison, the average household has seen just a +200% increase. As a result, there are now ~430,000 households worth $30 million or more, with ~74,000 worth over $100 million. Meanwhile, ~72% of wealth for the top 0.1% is concentrated in corporate equities, mutual funds, and private businesses. To put this into perspective, the bottom 50% of US households had more debt than assets for nearly 2 decades, with their average wealth turning positive after the 2020 pandemic, following stimulus checks and growing home values. Asset owners are the only winners.