Key Events This Week:
1. April CPI Inflation data - Tuesday
2. OPEC Monthly Report - Wednesday
3. April PPI Inflation data - Thursday
4. April Retail Sales data - Thursday
5. Fed Chair Powell Speaks - Thursday
6. MI Consumer Sentiment data - Friday
Markets also await the outcome of this weekend's US-China trade talks.
1. April CPI Inflation data - Tuesday
2. OPEC Monthly Report - Wednesday
3. April PPI Inflation data - Thursday
4. April Retail Sales data - Thursday
5. Fed Chair Powell Speaks - Thursday
6. MI Consumer Sentiment data - Friday
Markets also await the outcome of this weekend's US-China trade talks.
BREAKING: Trump’s Treasury Secretary Scott Bessent has just announced that a trade deal has been agreed upon with China after a meeting in Switzerland.
Details will be released tomorrow morning.
https://t.co/IPg3kPnir8
Details will be released tomorrow morning.
https://t.co/IPg3kPnir8
The White House
U.S. Announces China Trade Deal in Geneva
Secretary of the Treasury Scott Bessent: “I'm happy to report that we made substantial progress between the United States and China in the very important
BlockTalk
The next FOMC meeting is just over 3 hours away! Markets are pricing in a 97% probability the Fed holds rates steady at 4.25%–4.50%. No surprises expected today. But Powell’s tone will be key. Here’s what I’m watching: - Hints at when QT (balance sheet…
In exactly 1 hour from now (4:30pm GST) the CPI y/y print for April will be released.
Last CPI print came in at 2.4%, and analysts are forecasting CPI to remain at 2.4% in the reading releasing today…
But I still believe it prints closer to the Fed's 2.0% target - read the message above to understand why ☝️
Last CPI print came in at 2.4%, and analysts are forecasting CPI to remain at 2.4% in the reading releasing today…
But I still believe it prints closer to the Fed's 2.0% target - read the message above to understand why ☝️
Moody’s downgrade of the US feels political, aimed at Trump.
Biden and Yellen ran massive deficits for years - no downgrade from Moody.
No real attempt to cut spending either.
So… why now?
Not saying that US debt is healthy or that it’s on the right track, but the timing raises serious questions.
Biden and Yellen ran massive deficits for years - no downgrade from Moody.
No real attempt to cut spending either.
So… why now?
Not saying that US debt is healthy or that it’s on the right track, but the timing raises serious questions.
TRUMP: “WE'RE NOT CUTTING ANYTHING MEANINGFUL”
Pair that with Elon exiting politics and you've got the whole picture.
Budget discipline is dead. The balancing act is over.
Pair that with Elon exiting politics and you've got the whole picture.
Budget discipline is dead. The balancing act is over.
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Cetus, the main LP DEX on $SUI, was allegedly hacked.
Over $11M in $SUI drained from the SUI/USDC pool.
Most $SUI meme coins are now down 75%+ as liquidity vanished.
STAY LIQUID. STAY SAFE.
Forget VC-backed chains.
Hyperliquid is the future.
Over $11M in $SUI drained from the SUI/USDC pool.
Most $SUI meme coins are now down 75%+ as liquidity vanished.
STAY LIQUID. STAY SAFE.
Forget VC-backed chains.
Hyperliquid is the future.
The Trump admin is now threatening 50% tariffs on the EU starting June 1st.
But this isn’t about trade.
It’s about bonds.
With collapsing demand in this week’s treasury auctions, this move looks like a ploy to force capital into U.S. debt.
Yields dropped right after the news.
It’s all a game to lower bond yields - nothing else matters.
But this isn’t about trade.
It’s about bonds.
With collapsing demand in this week’s treasury auctions, this move looks like a ploy to force capital into U.S. debt.
Yields dropped right after the news.
It’s all a game to lower bond yields - nothing else matters.
BREAKING: Nvidia $NVDA reports $44.1 billion in revenue, higher than expectations.
NVIDIA reported an adjusted EPS of 81 cents, below the expected 93 cents, with revenue of $44.1 billion, surpassing estimates of $43.29 billion. The adjusted gross margin stood at 61%, lower than the anticipated 71%. Data center revenue reached $39.1 billion, slightly missing estimates. The company's 2Q outlook anticipates a revenue loss of approximately $8.0 billion, with projected revenue of $45 billion, plus or minus 2%. Demand for AI infrastructure remains "incredibly strong," and the Blackwell NVL72 AI Supercomputer is now in full-scale production.
NVIDIA reported an adjusted EPS of 81 cents, below the expected 93 cents, with revenue of $44.1 billion, surpassing estimates of $43.29 billion. The adjusted gross margin stood at 61%, lower than the anticipated 71%. Data center revenue reached $39.1 billion, slightly missing estimates. The company's 2Q outlook anticipates a revenue loss of approximately $8.0 billion, with projected revenue of $45 billion, plus or minus 2%. Demand for AI infrastructure remains "incredibly strong," and the Blackwell NVL72 AI Supercomputer is now in full-scale production.
BlockTalk
BREAKING: Nvidia $NVDA reports $44.1 billion in revenue, higher than expectations. NVIDIA reported an adjusted EPS of 81 cents, below the expected 93 cents, with revenue of $44.1 billion, surpassing estimates of $43.29 billion. The adjusted gross margin stood…
BBG has corrected the EPS figure for Nvidia in its report, reporting $0.96 instead of the previously stated $0.83. The correct information indicates that NVIDIA's first-quarter adjusted EPS is now 96C, compared to the estimated 93C.