WTI Holds Rebound Gains As US Fuel Exports Hit Record High, Production Dips, Huge SPR Drain
...global oil liftings (into tankers) have recovered to their pre-war level due to a surge in liftings in the Americas...
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UBS Says Transport Stock Rout Is "Overdone" After Amazon News
"We believe the significant sell-off in transport names was overdone."
Israel Says Preparing For Escalation With Iran, Didn't Know Deal Was Close: 'Series Of Targets Ready'
Awaiting greenlight from Washington...
Amid 'AI Fever', Goldman Partner Asks 'What Could Go Wrong'?
"This is getting pretty wild..."
Premium
U.S. Gasoline Tops $4.50 As "Shock & Awe" Level Approaches
There will be a lag. Even if the Trump administration and Tehran formalize a deal...
The Entire Market Is Chasing The Same Trade
MU, INTC & SNDK trading more call volume than SPY tells you exactly where this market’s mind is right now.
PremiumTreasury Refunding: No Changes To Auction Sizes; Bessent Keeps "At Least" In Forward Guidance
Contrary to expectations that the Treasury may set the stage for higher coupon auctions in 2027, that did not happen.
Yields Are Flashing A Clear Warning For This Rally
“Pretty sure my models are simply not calibrated for this environment...”
PremiumNANO Nuclear Soars On Strategic MOU With Supermicro For Powering AI Data Centers
NANO Nuclear breaks into the hyperscaler market with short interest over 22%...
OpenAI Co-Founder Greg Brockman Defends Company's For-Profit Pivot... And His Own $30 Billion Payday
On the witness stand, Brockman offered an alternative to plaintiff Musk’s ‘bait-and-switch’ narrative...
Corning Shares Erupt On Nvidia Deal To Supercharge Fiber Optics Output By 10x
The expansion includes three new manufacturing plants in North Carolina and Texas...
Deja Vu All Over Again: Futures Surge, Oil Tumbles On Iran Deal Optimism, Tech Rally
“The market continues to price in de-escalation and an easing in supply constraints. The road ahead is bumpy, but the direction of travel seems clear.”
ADP Employment Report Signals Biggest Job Additions In 15 Months In April
That is the tenth straight month of job additions and strongest monthly addition since January 2025...
Market-Based Inflation Gauges Warn Of A Longer Oil Shock
While markets have yet to price a higher-for-longer inflation pulse, such a stance will get harder to defend with each week the Hormuz strait stays disrupted...
PremiumNew Disney CEO Delivers Earnings Beat As "Important Change" Underway
Disney shares need a clean break over $120 to attract the momentum crowd.
Taxpayers Foot Staggering £629 Million Bill For Foreign Nationals In UK Prisons
Reform UK prisons adviser slams bureaucratic delays, ECHR claims and refusal by origin countries to take back criminals...
The AI Melt-Up Just Went Full Panic
When vols, memory pricing, and call chasing all go vertical together, you’re no longer trading fundamentals. You’re trading upside panic.
PremiumNovo Nordisk Soars After New Obesity Pill Momentum Lifts Guidance
Oral Wegovy was "off to a strong start," Barclays analyst James Gordon told clients.
There Needs To Be A Stronger European Element In NATO, Says Starmer
Trump has long maintained that Europe should rely less on the United States for its security...
US and Iran reportedly close to an MoU to end the war, Axios reports; crude hit, stocks at highs - Newsquawk US Market Open
- Crude & USD dented, equities & fixed bid after Trump paused Project Freedom and more recently as Axios reports that the US & Iran are closing in on an MOU to end the conflict.
- Brent below USD 101.50/bbl, ES +0.7%, DAX 40 +2.5%, EUR/USD above 1.1770, Bunds firmer by over 80 ticks.
- JPY was likely the subject of intervention overnight, falling from 157.00 to a 155.03 low, but has since rebounded back towards the 156.00 mark.
- NQ +1.3%, outperforming as AMD surges +19% as data centre growth
NSDot.Com Energy Is Back
The melt-up in tech continues to intensify, with semiconductor momentum reaching levels not seen since March 2000 as speculative call chasing across semis explodes higher. At the same time, the AI buildout narrative keeps getting bigger, from exploding token demand projections to Korea’s AI panic, waking China tech, and even silver starting to stir.
The Most Hated Tech Trade Is Waking Up
China tech is finally starting to wake up again, with high-beta speculative indices breaking above major resistance while domestic AI names like Cambricon explode higher. At the same time, the gap versus US tech has become enormous, leaving plenty of room for a violent catch-up squeeze if momentum keeps building and KWEB starts reclaiming the big breakout levels.
Silver’s Squeeze Setup Is Back
Silver is once again attempting a major breakout after spending months working off the excesses built during the melt-up, with positioning still surprisingly light and momentum chasers largely absent. Vols have cooled off from panic levels, but if this squeeze starts sticking above the big breakout zone, the upside convexity could reprice very quickly.
The Entire Market Is Chasing The Same Trade
Tech continues to absorb nearly all the market’s oxygen, with QQQ seeing its biggest inflows in five years as speculative call chasing across semis explodes higher. At the same time, SPX and NDX are once again pressing into delicate technical levels while dealer positioning turns increasingly fragile, a dangerous mix when MU, INTC & SNDK are trading more call volume than SPY.
The AI Melt-Up Just Went Full Panic
Korea’s AI and memory-driven squeeze continues to accelerate, with KOSPI surging another 6.5% overnight as vols, call positioning, and memory pricing all explode higher. SK Hynix and Samsung continue to rip amid record triple-digit export growth, but the move is starting to look less like a rally… and more like outright upside panic.
Today's Top Stories
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