Wells Fargo Securities' Christopher Harvey: steadfast in projection for the S&P 500 to end 2025 at 7,007

🚨COMMUNICATION APP USED BY TRUMP ADVISER SAYS IT IS TEMPORARILY SUSPENDING SERVICES FOLLOWING REPORTED HACK

Brazil's Haddad: We are interested in getting closer to the US and we will do so with the Trump administration

🚨Cz when asked about BTC top this cycle: somewhere between $500k and $1M

🚨SEC DELAYS CANARY SPOT LITECOIN ETF

@bullcase

The USD at its lowest level against the Chinese Yuan in about 6 months

US Bitcoin spot ETF saw a net inflow of $425.45 million on May 5 2025

China Foreign Ministry, on US CIA videos: China will take certain necessary measures to crack down on infiltration and sabotage activities of foreign anti-China forces.

Loomis Sayles global macro strategist Bo Zhuang: U.S. and China unlikely to reach a trade agreement in 2025, gives 50% chance for a deal in 2026.

Bo Zhuang: China expected to continue its non-tariff retaliatory measures, such as imposing tariffs on rare earth minerals. Additionally, there is a possibility that China may begin to actively use its anti-monopoly laws to effectively undermine the business operations of US companies in China.

China's Xi: Stands ready to work with European Council, European Commission to deepen strategic communication, enhance understanding and mutual trust, properly handle frictions and differences

Goldman Sachs strategist Peter Oppenheimer: recent sharp equity market rebound is characteristic of bear market rallies. No strong long-term bullish or bearish conviction among investors, uncertainty remains the key market driver

🚨EU warns 97% of its US exports at risk as Trump tariff probe escalates to €549B. The US is considering imposing tariffs on lumber, pharmaceuticals, semiconductors, critical minerals, and trucks, potentially affecting an additional €170 billion in EU exports, roughly 97% of the bloc’s total exports to the US.

EU's Sefcovic: The US tariffs are unfair. [trade war escalation = bullish crypto]

🚨China to hold press conference with officials from Central Bank, Securities Regulator and Financial Regulator on Wednesday, 9AM local time. This press conference will be on financial policy package to stabilise market and expectations - China's State Council Information Office

PBOC conducted RMB 905 million ($125m) in SLF operations in April. Outstanding Pledged Supplementary Lending Facility at RMB2,063.9 bln ($284.7bn) at end-April

Spot gold ripping for second consecutive day, up 1%

Reuters Poll: 46 of 83 FX strategists said they were concerned about U.S. Dollar's Safe Haven Status (vs 19 of 51 in April poll)

BoA: Our economists see a 35% chance of US recession.

JPM trading desk: We think 6k (for SP500) is more likely than 5k as markets overshoot with earnings season stronger than expected. While there is a critical mass of clients unlikely to chase this rally, we may see buybacks, CTAs, and retail investors push the market higher.

🚨U.S. STOCKS EXTEND FALL, DOW JONES DOWN 1%