Futures tick up 0.2% after Monday’s 557-point Dow flush. UAE intercepted Iranian missiles. The ceasefire is now defended by Patriot batteries, not the April press release.
SPX cue: Friday’s record at 7,230 sits 30 points above implied open. AMD reports Tuesday afternoon. The bar Palantir set is now distinctly ungenerous to neighbours.
Bitcoin tags $80,500 for the first time since January. Spot BTC ETFs took $629.7M on Friday after redeeming Monday through Wednesday. Late, but cheerful, as ever.
Palantir delivered 85% revenue growth, beat EPS by 18%, and raised guide to $7.66B. Stock added 1.5% after-hours. Wall Street, having considered this, applauded politely.
Watch the Warsh Senate vote, AMD guide Tuesday, Friday’s payrolls print, and Hormuz shipping data. Energy was Monday’s lone green sector. The other ten declined comment.

Futures mixed at record levels: ES up 0.1%, NQ up 0.21%, YM down 0.2%. April delivered the broad index’s biggest monthly gain in years on five straight weekly gains.
Trump launched Project Freedom Sunday with 15,000 troops and 100 aircraft. A tanker took projectiles 78 miles north of Fujairah hours before. Iran called it a breach.
Bitcoin reclaimed 80,000 dollars on the announcement. ETFs took 630 million on May 1. April delivered the best monthly inflows since October, ending four months of bleeding.
Warsh nomination heads to full Senate week of May 11. Powell’s chair term ends May 15. Yields holding 4.3% on the 10-year. Markets price one cut maximum for 2026.
April jobs report Friday: consensus 53,000 versus prior 178,000. GameStop bid 56 billion for eBay. Asia tech up 5%. Hang Seng rose 1.4%. Kospi at a record.

S&P 500 closed April at 7,209, first above 7,200, best month since 2020. Apple beat. Meta tripped. Microsoft tripped. The tape took the win regardless.
SPX cue: futures flat at 06:45 ET, holding the cash close. 7,200 is the new floor. Apple’s open will tell you whether records are technical or real.
Bitcoin clawed back $77K from a $75.5K overnight flush. ETF outflows now stretch three sessions. Fear and Greed at 33, lower by fourteen points week on week.
Powell held 3.50-3.75% in his last meeting as chair. Four dissents, most since 1992. Warsh advances. December cut off the table. Powell stays as governor anyway.
Brent touched $126 wartime peak Thursday before settling $114, WTI $105. Hormuz still shut, blockade extended. Exxon, Chevron, Moderna report. April jobs due before bell.

Alphabet beats and lifts capex to $190 billion. Shares rally 6%. Meta, Microsoft, Amazon all sold. Three beats. Three punishments. The tape has standards now.
SPX closed 7,135.95 Tuesday, polite and flat. VIX rose 5.5% to 18.81. Today’s GDP, PCE, and ECI prints arrive together at 08:30 ET, no warm-up.
Bitcoin holds the $75,000 zone quietly. ETF streak snapped Monday with $263 million in outflows. Ethereum sits at $2,300 while one company hoards the float weekly.
Brent at $111.49 a barrel. US gasoline averages $4.10 a gallon, up 27% since the war began. Powell calls this “transitory” only when it suits him.
Apple closes the Mag 7 gauntlet after today’s bell, the last hyperscaler still given a microphone this week. ECB decides this morning. Lagarde follows, gamely.

Futures held narrow ranges into Powell’s last FOMC. Hold priced 100%. The press conference is the only thing left in the day that can move the tape.
Brent settled $111.26 Tuesday. WTI nearly cracked $100. Gas $4.18 nationally. Iran rejected Trump’s Hormuz terms. UAE walks out of OPEC Friday with capacity unused.
Meta, Microsoft, Alphabet, Amazon all report after the close. Three sit up 26 to 31% on the month. Microsoft is down 12%. The bar: perfection.
Bitcoin entered FOMC at $77,075, up 21% from the April low. Eight-week ETF streak snapped Monday with $263 million out. Coinbase Premium negative. Sell-the-news armed.
Warsh confirmation vote at 10:00 ET. FOMC at 14:00 ET. Powell’s final mic at 14:30. Four hyperscalers after the bell. Three central events. Zero margin.

Powell delivers a 100 percent priced hold Wednesday. Twelve voting members, two days, one statement, all to confirm what the curve filled in by Friday. The eulogy is the trade.
Five Mag 7 land Wednesday night. The names that dragged MAGS to minus 11 percent year to date now tell the rest of the year what AI capex actually buys.
SPX 7,173.91, record made by thirteen. Of 500 names, 188 climbed last week, against 406 the first week of April. The S&P 500 is increasingly an S&P 13.
Brent $108. Iran offered Hormuz back. Trump declined. Goldman raised oil forecasts Sunday morning. Investment banks now charging for the war they couldn’t price the first time.
BTC $77,500. Eight days, $2.1 billion in, BlackRock 75 percent. Bitcoin moved from $68K to $77K, then stopped exactly where $80,000 told it to stop.