Today's Headlines

Around X:

• @Zerohedge 

• Senior Iranian official Mohsen Rezaee: Our finger is on the trigger for the fourth battle. On the other hand, of course, our officials are also negotiating to properly restore the rights of the Iranian nation. This is the final stage, where the entirety of these 47 years, by the grace of Almighty God, will reach a conclusion that will ensure security is established in Iran for the next 50 years. 
• BRENT CRUDE FALLS AS MUCH AS 4.4% TO $99/BARREL. 
• "Vindictive": Obama-Appointed Judge Dismisses Tennessee Smuggling Charges Against Kilmar Abrego Garcia. 
• IRAN HOLDS MILITARY DRILLS NEAR STRAIT OF HORMUZ: MEHR.
• TRUMP: IF I MAKE A DEAL WITH IRAN, IT WILL BE A GOOD ONE.  
• Trump Bats Down Critics As Iran Deal Gets Close: 'Exact Opposite' Of 'Amateur' Obama JCPOA.
• Rubio Hints At US-Iran News "Later Today" As Talks To Reopen Hormuz Gain Steam. 
• UAE State Oil Company Head Says Hormuz Bypass Pipeline Nearly 50 Percent Complete.
• Sentiment Remains Resilient, 'Almost Defiant', As Goldman Sees Hedgies "All In On AI".
• The Replacements: How US Helps Foreign Workers Take American Jobs.
• German Taxpayers Bled Dry: Mass Migration Cost €40 Billion In 2025.
• US Approves "Homing All The Way Killer" Missile Support Sale To Ukraine.
• UK Net Migration Decline Masks True Demographic Replacement As British Exodus Accelerates.
• According to a senior Israeli official, the emerging deal sends a dangerous signal to Iran—that the Strait of Hormuz can be as powerful as a nuclear weapon. Trump views it as an economic arrangement tied to mutual access and contingent on dismantling Iran’s nuclear program. But what comes after Phase A remains unclear.
• It should be noted that American officials have acknowledged in multiple messages to Iran that Trump's tweets are primarily for promotional purposes and media consumption within the United States, and they have recommended that no attention be paid to these statements. -@FarsNews_Agency.     
• Free Speech Shouldn't Be Just For The Party In The White House.
• Israel Unleashes New Gaza Strikes Soon After Trump Says Iran Peace Deal 'Largely Negotiated,' Hormuz To Reopen As Final Terms Discussed.
• Gunman Dead, Bystander Wounded After Large Shootout With Secret Service Near White House, Trump Safe.    
• State-Sponsored Suicide.
• Iran Destroyed 20% Of Pentagon's MQ-9 Reaper Drone Fleet: Report.

• @MarioNawfal

• Axios just revealed the detailed terms of the Iran deal Trump is close to signing, possibly as soon as today... Key details:

• @ShadowofEzra

• Israeli journalists are now openly threatening President Trump if he makes peace with Iran. “Israel will not tolerate this.” (pic)
• Thomas Massie says he will publicly read the names of the Epstein clients before his time in Congress comes to an end. Massie says there will be no high-level arrests as long as Todd Blanche and Kash Patel work for the United States government. Massie says Melania Trump knows the truth about Epstein not acting alone. "Todd Blanche is violating the law." (video)

• @RonDeSantis

• Kill the kill switch. Government shouldn’t be able to surveil and control your car!

• @WallStreetApes

• Multiple people are reporting that recess is being eliminating in their elementary schools. Kids no longer go out on the swings and slides to play and socialize. Instead “we have computer time where we watch YouTube videos and go on our phones”. Multiple teachers and parents are consuming this is happening at their schools. This is going to be devastating to their futures. Recess is meant for socializing and exercise which is very healthy for kids. (video)

• @ScottPresler

• ALERT WARNING! Low early voting turnout in Montgomery County, Texas. This county went +27 Paxton in the primary. Unless you want John Cornyn to win, Paxton needs HUGE turnout on Election Day.

• @BillMelugin_

• NEW: Super PAC supporting Ken Paxton drops new ad against James Talarico that consists entirely of using Talarico’s own prior words & far left positions against him, including God is nonbinary, six genders, trans children etc. Ends with “Low-T Talarico”.

• @EndWokeness

• It's total insanity that we allow this.

• @SenRonJohnson

• This is the biggest government scandal of my lifetime, and the legacy media refuses to cover it. The FDA knew that COVID injections were causing severe adverse events, including sudden cardiac death, pulmonary infarction, and Bell’s palsy. Americans had the Right to Know, and those affected deserve justice. (video)

• @nicksortor

• JUST IN: President Trump calls on people like Lindsey Graham to STOP SPECULATING about the potential Iran deal “Nobody has seen it, or knows what it is. It isn't even fully negotiated yet. So don't listen to the LOSERS, who are critical about something they know NOTHING about.” Pipe down, Lady Graham. (video)

• @HealthRanger

• Your gas engine will be torn apart by this change. Ethanol ruins all the gaskets and other parts, and causes engine failures.

• @FurkanGozukara

• Absolute bombshell. 60 Minutes exposes a massive insider trading ring making millions by betting on highly classified US military operations in Iran with a 98 percent win rate. Washington insiders are literally using secret Pentagon intelligence to rig prediction markets! (video)

• @AndrewCFollett

• Trump cut off the USAID slush fund and the ActBlue foreign donations scheme...and now Democrats have no money. Odd that...isn't it. (pic)

• @KobeissiLetter

• BREAKING: President Trump says he has informed his representatives "not to rush into a deal" with Iran and that "time is on our side."

• @MrMBB33

• THE SKY OVER TEXAS JUST TURNED COMPLETELY UNREAL People in Round Rock, Texas were left staring at the sky after an intense burst of color suddenly lit up the atmosphere with glowing shades of pink, orange, and purple wrapped around a massive rainbow formation. This wasn’t edited. This wasn’t enhanced. This is exactly how the sky looked. Viewer Ethan captured the moment as the entire horizon appeared to glow like something out of another world. More people lately keep saying the skies have looked different… and scenes like this are exactly why these videos keep spreading so fast online. (video)

• @IslanderWORLD

• BOMBSHELL. The Pfizer contracts signed with every EU country that went all in on the jab have now come to light and the small print is crystal clear. • Long-term side effects are not recognized. • The vaccine’s efficacy is unknown. • Adverse effects that are not yet known may still appear… It doesn't get more clear on the betrayal... Globalist governments forced experimental shots on their own populations while quietly signing away liability and admitting in black-and white that nobody knew what the long-term consequences would be. They loaded the dice, indemnified Pfizer, censored the skeptics, and called it “public health.” Read the documents yourself. The betrayal was baked in. (pic)

• @EricLDaugh

• JUST IN: Trump-endorsed Ken Paxton now has a 96% CHANCE OF WINNING over Sen. John Cornyn this Tuesday, May 26 — Polymarket. Cornyn's odds down to just 5%. Polls post-endorsement show Paxton SURGING. LFG! BRING IT HOME STRONG, TEXAS! Storm the polls and get Paxton elected! (video)
• HOLY CRAP! Tens of THOUSANDS of Spanish patriots just stormed the streets demanding the resignation of socialist left-wing PM Pedro Sanchez, who has betrayed his people. "SANCHEZ, RESIGNATION NOW!" This comes after UK patriots marched to oust Keir Starmer. TAKE YOUR COUNTRIES BACK! Sanchez has been a traitor to his "ally," America. Time for Spain to wake up. (video)

OpenVAERS:  

• VAERS US COVID Vaccine Adverse Event Reports. 1,033,460 Reports(+295 from prior report) Through April 24th, 2026.

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

Today's Headlines

Around X:

• @Zerohedge 

• IRAN'S FARS: NUCLEAR, BLOCKED FUNDS, HORMUZ ARE STICKING POINTS. 
• IRAN'S FARS: NEGOTIATIONS WON'T HAPPEN IF 3 POINTS NOT RESOLVED.
• When Unfairness Is Systemic, The Consequences Are Flight, Resistance, Revolt.
• "Some Progress Made" In Iran Peace Talks, Mediators Claim; Trump Says 'Solid 50/50' On 'Blowing Them To Kingdom Come'.   
• Hartnett: This Is The Biggest Bubble Since The Railroads, But Wait For 2 Things To Happen Before Selling. 
• A company whose name is literally "AI Slop" spelled backwards raised $30M by itself. We literally live in the silliest timeline. 
• IRAN: DIFFERENCES WITH THE US HAVE NARROWED OVER PAST WEEK. IRAN: THERE ARE STILL ISSUES TO BE DISCUSSED VIA MEDIATOR. 
• Iranian TV on the Iranian Foreign Ministry Spokesman: The gaps with the United States remain wide. 
• BofA’s Bull & Bear Indicator just hit 8, officially triggering one of Wall Street’s most closely watched contrarian sell signals. 
• Based on @C__Herridge's reporting & our CIA whistleblower's testimony, the CIA appears to be ILLEGALLY SPYING on @DNIGabbard's team, INTERFERING w/ investigations on the COVID coverup, the JFK, MLK, & RFK assassinations, UAPs, etc. We've got to get to the bottom of what they're hiding. 
• “Mediators believe they are closing in on a deal to extend the US ceasefire with Iran by 60 days,” delaying nuclear talks. Includes gradual reopening of the Strait of Hormuz and commitment to discuss diluting or handing over of Iran’s stockpile of HEU. 
• VP Vance making an unscheduled trip back to DC. 
• Putin Vows Heavy Revenge After Deadly Ukrainian Strikes On Luhansk School Dormitory.
• Atlanta Continues To Dominate Among World's Busiest Airports.
• Passive S&P 500 funds could have to buy roughly 19% of public SpaceX shares within 6mo under fast-tracking framework (it would enter the index at the est 6th spot), Russell 1000 and Nasdaq 100 may buy another 5.5% within weeks of the IPO. Thrown in active MFs benchmarked to those indices and you get to HALF of SpaceX shares. Nice study from my colleague @rduboff.   
• BREAKING: Massive GPS jamming detected across Iran, Iraq, Kuwait, UAE, and the Persian Gulf indicating active electronic warfare preparation. Heavy interference (red zones): • Western Iran (Kermanshah, Lorestan—missile base locations). • Kuwait and northern Persian Gulf. • Iraq (Basra, Baghdad). • UAE/Oman border region. 
• The Qatari delegation received instructions to leave Iran immediately, despite the fact that they were supposed to stay until Sunday.
• Disney's Marvel Comics Faces Mass Layoffs And New Woke Leadership.
• China To Impose Mining Controls On Strategic Minerals.
• -$16bn. I believe this is near to the most negative delta day I've ever seen. This is put buying and call selling in size in the SPX. very very strange, and it feels not great.    
• Videos from Iranshahr and other cities across Sistan & Baluchistan show long queues of cars as people wait in extreme heat just to refuel. Residents say the reduced fuel quotas no longer cover even basic daily travel. Meanwhile, gasoline prices on the black market in parts of the province have skyrocketed to 100k Toman (75 cent) per liter, adding even more pressure on people already struggling with poverty and vast distances between cities. (video)
• Pentagon Concedes That US Provided Most Of Israel's Missile Defense During Iran War.
• China Restricts Fentanyl Precursor Chemical Exports To North America After Trump-Xi Talks.
• Chinese Refining Rates Unexpectedly Plunge To All-Time Lows As Economy Falls Off A Cliff. 
• Stocks & Rates Higher On The Week Amid Warsh, Waller, & War-Worries Into Long Weekend.   

• @BarronsOnline

• Had bullish commentary on (STLA) and (CRS).

• @IGSquawk 

• Weekend markets update: #DAX 24798 +0.12% #DOW 50577 +0.06% #NASDAQ 29485 +0.12% #FTSE 10438 +0.02% #HANGSENG 25410 -0.10% #EURUSD 11609 +0.04% #GOLD 4512 +0.06% #SILVER 7583 +0.37% #USOIL 9595 -0.68%.

• @sentdenfender

• According to CBS, citing sources with knowledge on the matter, the U.S. is indeed preparing to resume strikes on Iran, but as of this afternoon, no decision has been made. Additionally, per the report, members of the intelligence community and the military have been canceling Memorial Day weekend plans, as defense and intelligence officials update recall rosters to facilitate the movement of personnel out of the region. Such efforts were taken previously to limit the amount of U.S. personnel in harms way of Iranian fires.
• The United States and Iran have agreed to a draft proposal approved by top negotiators, including Iranian Parliament Speaker Mohammad Bagher Qalifbaf and Vice President JD Vance, with both sides expected to announce the finalization of a peace deal to end the fighting on all fronts by Sunday afternoon, a source close to the negotiations told The Washington Times. 

• @LeadingReport

• Netanyahu reportedly ‘beside himself’ after furious phone call with President Trump over Iran that left the Israeli leader ‘with his hair on fire,’ per Daily Mail.

• @MJTruthUltra

• Tulsi Gabbard resigned due to her husband now diagnosed with a rare form of Bone Cancer, right? Well, This news hits just as Gabbard’s Director’s Initiatives Group (DIG) was aggressively investigating Havana Syndrome / Anomalous Health Incidents (AHI) — the mysterious directed-energy attacks targeting U.S. intelligence officers (their family) and diplomats. Herridge’s reporting has long documented disturbing long-term effects in verified AHI survivors, including: Cancer cases: Multiple survivors developed cancer, dementia, or Parkinson’s after alleged directed-energy exposure. One close friend of a key whistleblower died from a Rare form cancer.
• It was announced earlier that Admiral Robert Harward was supposed to go onto the Stinchfield show tonight to “PROVE” he wasn’t wearing a mask. He canceled. lol.

• @ShadowofEzra

• Dan Merrell, the contractor hired to pave over Charlie Kirk’s assassination scene, says he received “the call” under an emergency order to cover the area immediately. Merrell claims the Utah governor and Kash Patel’s FBI wanted the crime scene paved over without delay. "This is above our pay grade... the governor and the FBI said they want this by Monday." (video)

• @nicksortor

• Many have asked me what the hell is going on with this US Navy Admiral who appears to be wearing a skin mask on Fox. I reviewed the raw broadcast (aired Tuesday) to confirm it’s not edited or AI-generated, and it’s… strange. I can’t explain it. Full, unedited segment in replies. (video)

• @Rasmussen_Poll

• NEW: Our reporting on electronic voting system election fraud has surfaced multiple intel operative claims that CIA uses the Venezuelan technology to regularly steal elections. A lot of elections. Thus their resistance to exposure by @DNIGabbard.

• @DC_Draino

• The reason John Thune and his corrupt friends are against Trump’s Anti-Weaponization fund is b/c they work for the Deep State. They don’t want Voter ID saving America from their rigged elections and they don’t want money being paid to the victims they abused with a weaponized DOJ. It would expose the Deep State’s guilt. (video)

• @WallStreetApes

• It’s sad to see Tulsi Gabbard having to resign to care for her husband. Let’s not forget, It has now been 303 days since National Security Director Tulsi Gabbard referred Barack Obama to the DOJ for criminal prosecution. 303 days and the DOJ refuses to bring a single indictment. The charges she recommended are for Treasonous Conspiracy, Manufacturing and Politicizing Intelligence and Withholding and Leaking Classified Information. Tulsi Gabbard provided proof that Barack Obama orchestrated the Russia Collusion hoax and worked with the CIA to manufacture fake evidence. (video)
• WOW!! Rep Tim Burchett says Republicans won’t pass an Amendment if even one Democrat disagrees. READ THAT AGAIN. It’s a Uniparty, we are being sold out again. “It’s just unbelievable”. “Just left the committee, had some amendments that were cutting regulation, things that we should as Republicans do. Because of backroom deals, they cut. They won't allow any amendments on the bill because one Democrat didn't agree to it — we allow the Democrats to tell us what to do. It's just unbelievable.” “So here we are in the majority and we're not allowed to do that….And I'll guarantee you, when the Democrats are in the majority, which they very much will”. This is the same old story. Republicans aren’t weak, spineless or incompetent. They are in on it. There’s a big difference, it’s corruption. Democrats are going to take back majority and we will never have another chance like this again…. These people don’t work for us. (video)

• @CarolineWren

• We are looking at a 20%+ blowout defeat on Tuesday of a four term incumbent Senator John Cornyn that spent $125 million to his opponents $15 million….

• @BennyJohnson

• The South Carolina Senate just REJECTED the vote to advance the 7R-0D Congressional map. Final vote: 15-25. The Republicans who killed it: -Rex Rice. -Shane Massey. -Sean Bennett. -Chip Campsen. -Tom Davis. -Greg Hembree. Remember these names. Indiana tried to cross MAGA. Indiana lost. South Carolina RINOs, you're next.

• @TonySeruga

• The situation with Tulsi Gabbard’s departure from DNI is a classic case of what happens when a genuine reformer is placed inside an institution designed to resist reform. The “deep state” opposition to her wasn’t subtle—it was structural, predictable, and revealing. Tulsi Gabbard was an existential threat to the intelligence community’s operating model. Here’s what she did that made her a target:

• @NicHulscher

• At first glance I thought Secretary Kennedy became fully compromised. Until I read the actual PREP Act declaration... It ONLY covers favipiravir for 2 months — an antiviral shown to protect 100% of animals from lethal Andes virus infection. NO vaccines are covered. Nonetheless, we all know the PREP Act is unconstitutional and should be repealed.

• @itsolelehmann

• marc andreessen just went on Rogan and casually dropped a TON of AI alpha full pod is 3 hours and 20 minutes, but i pulled out his most interesting takes here:

• @ReturnOfKappy

• Donald Trump Jr. married Palm Beach "royalty" Bettina Anderson yesterday in a private ceremony… Her late father, banker Harry Loy Anderson Jr, was an Epstein enabler… In 1999 he wrote a recommendation letter calling Epstein “a gentleman of the highest integrity” to help him get big tax breaks in the Virgin Islands… It just happens to be where Epstein Island is.. Epstein also used his Palm Beach Bank...

• @HustleBitch

• PEOPLE ARE PANICKING AFTER SEEING WORKERS IN FULL CHEMICAL PROTECTIVE GEAR SPRAYING STRAWBERRY FIELDS — AND AMERICANS ARE EATING THIS.

• @FoxNews

• BREAKING: 911 audio reveals Kyle Busch was overheating and coughing up blood before his death. According to the audio, Busch was lying on a bathroom floor struggling to breathe and telling others he felt like he was going to pass out. “I’ve got an individual that’s shortness of breath, very hot, thinks he’s going to pass out and is producing a little bit of blood — coughing up some blood,” the caller told dispatchers. (video)

• @BullTheoryio

• BREAKING: Memory prices could COLLAPSE as China rapidly floods the market with DRAM and NAND chips. China's CXMT RAM is selling for $150, while the global average price is around $300 to $400. Chinese memory giants CXMT and YMTC are aggressively ramping production, threatening the dominance of Samsung, SK Hynix and Micron. CXMT now controls 7.7% of the global DRAM market and YMTC already holds 11 to 13% of the global NAND flash market.

• @KimKatieUSA

• John Cornyn (@JohnCornyn) begged Christopher Wray for harsher charges against J6 defendants who mostly just walked through the Capitol. Yet he has said zero words about Democrat terrorists who impede obstruct and assault ICE agents. He has also voted with Democrats on every single omnibus spending bill. Vote this scumbag out by voting for @KenPaxtonTX. (video)

• @EricLDaugh

• WOW! Scott Presler is officially planning to PRIMARY CHALLENGE Senate Leader John Thune if the SAVE America Act does not take effect for the 2026 midterms “I promise to lead the charge to primary & defeat him in 2028.” Scott is PLAYING HARDBALL! (video)
• AWESOME! El Salvador President Nayib Bukele said he DESTROYED Soros influence in his country — USA needs to do the same. "Who elected Soros to dictate policy and laws? Why does he feel entitled to impose his agenda? Soros and his cronies hit a BRICK WALL in El Salvador. Thank God...Salvadorans are now IMMUNE to his influence. No one believes his lies anymore over there!" (video)

• @FirstSquawk

• IRAN THREATENED TO TARGET UNDERSEA INTERNET CABLES IN EVENT OF U.S. STRIKES, RAISING FEARS OF MAJOR GLOBAL ECONOMIC AND CONNECTIVITY DISRUPTION.

OpenVAERS:  

• VAERS US COVID Vaccine Adverse Event Reports. 1,033,460 Reports(+295 from prior report) Through April 24th, 2026.

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

Weekly Scoreboard*

S&P 500 7,480.8 +1.1%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weekly Market Wrap by Edward Jones.

Indices

• DJIA 50,633.1 +2.3%

• NASDAQ 26,341.1 +.6%

• Russell 2000 2,868.5 +2.9%

• NYSE FANG+ 17,261.6 +.4%

• Goldman 50 Most Shorted 301.8 +3.8%
• Vaneck Social Sentiment 37.8 +3.5%

• Wilshire 5000 73,810.0 +1.2%

• Russell 1000 Growth 5,034.3 +.6%

• Russell 1000 Value 2,324.7 +2.0%

• S&P 500 Consumer Staples 952.4 -.9%

• Bloomberg Cyclicals/Defensives Index(Ex Telecom) 256.8 -.5%
  

• NYSE Technology 8,197.2 +4.2%

• Transports 20,791.8 +3.4%

• Utilities 1,131.8 +3.6%

• MSCI Europe Banks 118.16 +2.2%
  

• MSCI Emerging Markets 66.1 +1.5%

• Credit Suisse AllHedge Long/Short Equity Index 260.7 +1.2%

• Credit Suisse AllHedge Equity Market Neutral Index 134.0 -.2%

Sentiment/Internals

• NYSE Cumulative A/D Line 613,245 -.2%
• Nasdaq/NYSE Volume Ratio 14.9 +8.9%

• Bloomberg New Highs-Lows Index 358 -800

• Crude Oil Commercial Bullish % Net Position -17.0 +6.1%

• CFTC Oil Net Speculative Position 169,877 -5.0%

• CFTC Oil Total Open Interest 2,081,927 +.7%

• Total Put/Call .80 -12.1%

• OEX Put/Call .47 +55.9%

• ISE Sentiment 179.0 +3.5%

• NYSE Arms 1.12 +56.3%
  
• Bloomberg Global Risk-On/Risk-Off Index 125.0 +1.5%
• Bloomberg US Financial Conditions Index 1.05 -1.0 basis point
• Bloomberg European Financial Conditions Index 1.35 +12.0 basis points

• Volatility(VIX) 16.6 -9.8%
• S&P 500 Intraday % Swing .48 -37.5%

• CBOE S&P 500 3M Implied Correlation Index 11.9 -4.9%

• G7 Currency Volatility (VXY) 6.63 -1.8%

• Emerging Markets Currency Volatility (EM-VXY) 7.2 -.8%

• Smart Money Flow Index 20,526.40 +1.3%
• NAAIM Exposure Index  82.0 +4.7

• ICI Money Mkt Mutual Fund Assets $7.771 Trillion +.2%

• ICI Domestic Equity Long-Term Mutual Fund/ETFs Weekly Flows +$10.863 Million

• AAII % Bulls 31.7 -19.3%

• AAII % Bears 43.6 +19.1%
• CNN Fear & Greed Index 61.0 (GREED) -3.0

Futures Spot Prices

• CRB Index 392.4 -2.0%

• Crude Oil 96.33/bbl. -8.6%

• Reformulated Gasoline 344.2 -7.0%

• Natural Gas 2.91 -2.1%
• US Power PJM Western Hub Peak Forward Y1 72.8 USD/Megawatt -4.7% 
• Dutch TTF Nat Gas(European benchmark) 48.5 euros/megawatt-hour -1.9%
  

• Heating Oil 389.0 -3.5% 
• Newcastle Coal 136.3 (1,000/metric ton) -.2%

• Gold 4,515.5 -.5%
• Silver 75.95 -.03%
  

• Bloomberg Industrial Metals Index 185.2 +1.7%

• Copper 639.7 +1.8%

• US No. 1 Heavy Melt Scrap Steel 415.0 USD/Metric Tonne +.5%

• China Iron Ore Spot 106.0 USD/Metric Tonne -2.0%
• China Battery Grade Lithium Carbonate 28,400.0 USD/metric tonne n/a
• inSpectrum Tech Inc. DRAM Spot DDR4 16Gb 2048Mx8 57.0 +.7%  

• CME Lumber 585.5 -.6%

• UBS-Bloomberg Agriculture 1,405.3 -.03%
• US Gulf NOLA Potash Spot 340.0 USD/Short Ton -.7%
• US Gulf NOLA Urea Granular Spot 567.0 USD/Short Ton +.4% 

Economy

• Atlanta Fed GDPNow Q2 Forecast +4.3% +.3 percentage point

• US Recession Within 6 Months Probability(3M/18M Forward Yld Curve Spread) 12.5 -.4 percentage point

• NY Fed Real-Time Weekly Economic Index 3.0 +9.5%
• Caldara Iacoviello Geopolitical Risk Index 210.6 -12.6% 
• Global Monitor Iran Instability Index 86.0 -14.0
• Strait of Hormuz Oil Tanker Traffic Curtailed 97.0% +2.0 percentage points

• US Economic Policy Uncertainty Index 221.0 +45.7%
• Bloomberg Global Trade Policy Uncertainty Index .6 -.1
• DOGE Total Taxpayer Dollars Saved $215.0 Billion($1,335.40 Savings Per Taxpayer) unch.
• S&P 500 Current Quarter EPS Growth Rate YoY(472 of 500 reporting) +27.5% +2.4 percentage points

• S&P 500 Blended Forward 12 Months Mean EPS Estimate 358.20 +3.73:  Growth Rate +22.1% -5.8 percentage points, P/E 20.8 -.4
• S&P 500 Current Year Estimated Profit Margin 15.43% +6.0 basis points
• NYSE FANG+ Current Quarter EPS Growth Rate YoY(9 of 10 reporting) +67.2% +5.1 percentage points
• NYSE FANG+ Blended Forward 12 Months Mean EPS Estimate 874.80 +14.91: Growth Rate +121.% +3.8 percentage points, P/E 19.8 -.8

• Citi US Economic Surprise Index 45.0 unch.

• Citi Eurozone Economic Surprise Index -78.8 -25.5 points

• Citi Emerging Markets Economic Surprise Index 34.8 -7.2 points

• Fed Fund Futures imply 0.0%(-1.3 percentage points) chance of -25.0 basis point cut to 3.25-3.5%, 96.6%(-2.1 percentage points) chance of no change, 3.4%(+3.4 percentage points) chance of +25.0 basis point hike to 3.75-4.0% on 6/17

• US Dollar Index 99.25 -.03%

• MSCI Emerging Markets Currency Index 1,863.4 +.02%
  

• Bitcoin/USD 76,071.2 -1.8%

• Euro/Yen Carry Return Index 210.9 +.2%
• Swiss Franc/Offshore Chinese Renminbi Cross 8.67 +.1%

• Yield Curve(2s/10s) 43.5 -8.0 basis points

• 10-Year US Treasury Yield 4.56% -3.0 basis points
• Japan 30-Year Yield 4.03% -1.0 basis point

• Federal Reserve's Balance Sheet $6.666 Trillion -.2%
• Federal Reserve's Discount Window Usage $5.959 Billion +1.4%

• U.S. Sovereign Debt Credit Default Swap 42.0 +.7%
  

• Illinois Municipal Debt Credit Default Swap 186.8 -1.9%
  

• Italian/German 10Y Yld Spread 73.0 -5.0 basis points
• UK Sovereign Debt Credit Default Swap 19.5 -.2%

• China Sovereign Debt Credit Default Swap 40.0 -5.7%
  

• Brazil Sovereign Debt Credit Default Swap 126.7 -2.2%
  

• Israel Sovereign Debt Credit Default Swap 60.3 -6.0%
• Dubai Sovereign Debt Credit Default Swap 80.6 -.4%

• South Korea Sovereign Debt Credit Default Swap 22.3 -7.6%

• China Corp. High-Yield Bond USD ETF(KHYB) 24.17 -.1%
• China High-Yield Real Estate Total Return Index 115.3 -.4%
  

• Atlanta Fed Low Skill Wage Growth Tracker YoY +3.6% unch.
• Zillow US All Homes Rent Index YoY +1.7% unch.
• US Urban Consumers Food CPI YoY +3.2% unch.
• CPI Core Services Ex-Shelter YoY +3.2% unch.
• Cleveland Fed Inflation Nowcast Core PCE YoY +3.31% unch.: CPI YoY +4.18% unch.
• 1-Year TIPS Spread 2.73 -42.0 basis points
• 10-Year TIPS Spread 2.41 -10.0 basis points

• Treasury Repo 3M T-Bill Spread 15.2 +3.25 basis points
• 2-Year SOFR Swap Spread -14.75 +1.0 basis point

• 3-Month EUR/USD Cross-Currency Basis Swap -1.25 unch.

• N. America Investment Grade Credit Default Swap Index 52.3 -3.2% 
• BofA Private Credit Proxy Index 70.9 -2.9%

• America Energy Sector High-Yield Credit Default Swap Index 105.0 -1.4%
• High-Yield Tech Sector OAS Index 441.0 -4.1% 
• Bloomberg TRACE # Distressed Bonds Traded 242.0 +3.0

• European Financial Sector Credit Default Swap Index 57.7 -5.5%

• Emerging Markets Credit Default Swap Index 157.5 -1.4%
  

• MBS 5/10 Treasury Spread 115.0 +1.0 basis point
• Bloomberg CMBS Investment Grade Bbb Average OAS 545.0 -7.0 basis points
• Avg. Auto ABS OAS .48 -1.0 basis point

• M2 Money Supply YoY % Change +4.6% unch.

• Commercial Paper Outstanding $1,431.4B -.3%

• 4-Week Moving Average of Jobless Claims 202,500 -.7%

• Continuing Claims Unemployment Rate 1.2% unch.
• Kastle Back-to-Work Barometer(entries in secured buildings) 55.0 +.7%

• Average 30-Year Fixed Home Mortgage Rate 6.46% unch.

• Weekly Mortgage Applications 283,500 -2.3%

• Weekly Retail Sales +8.9% -70.0 basis points
• OpenTable US Seated Diners % Change YoY +13.0% unch.
• Box Office Weekly Gross $216.2M -6.2%

• Nationwide Gas $4.55/gallon +.02/gallon

• Baltic Dry Index 2,964.0 -5.9%
• Drewry World Container Freight Index $2,711.8/40 ft Box +6.2%
  

• China (Export) Containerized Freight Index 1,317.4 +2.9%

• Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 225.0 -10.0%
• Truckstop.com Market Demand Index 168.3 +31.0%

• Rail Freight Carloads 280,719 -1.2%
• TSA Total Traveler Throughput 2,955,843 +30.7% 
• US Morning Consult Daily Consume Sentiment Index 87.6 -1.4 points
• Rasmussen Reports Daily Presidential Approval Tacking Poll 43.0% +1.0 percentage point

Best Performing Style

• Small-Cap Growth +2.9%

Worst Performing Style

• Large-Cap Growth +.6%

Leading Sectors

• Computer Services +16.1%

• Airlines +12.4%
• Computer Hardware +10.4%

• Cyber Security +6.4%
  

• Semis +5.9%
  

Lagging Sectors

• Agriculture -1.0%

• Construction -1.1%
  

• I-Banking -1.3%

• Gold & Silver -1.4%
  

• Social Media -2.5%
  

Weekly High-Volume Stock Gainers (88)

• HLIT, RGTI, NVTS, CRNC, BELL, LPTH, IMAX, HPQ, SHAZ, VSH, RDW, QBTS, LION, QCOM, NTAP, INFQ, CRDO, UMAC, UTI, FLY, ZM, EL, QUBT, AEVA, P, HPE, NOK, PENG, ATKR, VOYG, LUNR, NUCL, FLNC, DUOT, F, PRIM, TTMI, GNRC, VELO, OSS, SYM, AOSL, VPG, RKLB, IONQ, SATL, ASTS, ROST, HIMX, NNE, OSIS, QRVO, SPOT, ASYS, GFS, LOGI, JOBY, AMBQ, USAR, MRK, VST, BWA, TX, WDAY, APH, NAVN, MP, MITK, DIOD, VSAT, OUST, DMRC, MDA, DXYZ, CLFD, RYAAY, GHRS, SUPX, BETA, BIRK, XNDU, MT, GHRS, WOLF and AAL

Weekly High-Volume Stock Losers (18)

• TDS, MAIN, BEKE, PDD, PPTA, TCOM, RDDT, BRUN, TTWO, ATAT, HSHP, QFIN, GSL, BJ, GKOS, STRO, CAE and FUTU

ETFs

• High-Volume Gainers

• High-Volume Losers

Stocks

• High-Volume Gainers

• High-Volume Losers

*5-Day Change