🚨AT OPEN, DOW DROPPED OVER 1%, S&P 500 ROSE BY 0.38%, AND NASDAQ UP OVER 0.5%

🚨Only two times in history have Philly Fed new orders been worse, the 2020 lockdown and the 2009 crash. NY Fed’s 6-month outlook shows the pain isn’t priced in: layoffs tend to follow hard. When orders expectations drop, layoffs surge

Stablecoin Turf Wars: BofA lobbying for rules favoring banks over tech firms in stablecoin issuance. Circle is positioning itself as a compliant US alternative to offshore giant Tether. Stablecoin legislation will determine who can legally issue dollar backed tokens in the US and what the rules of engagement are for those that can.

SPX just dropped from 6100 to below 5500, only ~100 stocks remain above their 200 DMA. Breadth has collapsed into the red zone, confirming the decline is broad and structural (for now).

UST backed stablecoins are Trump’s wildcard to both refinance the US government debt and preserve the dollar's role as global reserve currency. That’s how he wins the trade war with China. That's his plan and markets haven't realized it yet. The current sentiment is pure panic. BTFD! -Bull Case Insider

CTAs (trend following funds) keep chasing the gold rally and are heavily long gold (z-score 2.46)

White House: Trump’s post should not be seen as threat to fire Powell

Trump: 'Very Confident' On Trade Deal With EU

🚨Trump: We'll make a deal with China. No rush to announce trade deals.

Brent >$68

Bessent: Japan talks moving in a highly satisfactory direction

Bitcoin $85k

Today stablecoins rank 17th among foreign holders of U.S. Treasuries

The value of tokenized US Treasury Debt (excluding stablecoin issuers) exceeded $4bn in Q1 2025

🚨112,661,735 USDC (112,663,197 USD) minted at USDC Treasury -source

🚨Another 100M minted at USDC Treasury -source

🚨Trump: He will be out of there if I ask him. I dont think Powell is doing the job.

China city-level road congestion: -21% YoY for Apr-to-date. All top 15 cities down YoY. Less china road congestion = less cars and trucks on the road = less gasoline & diesel consumption = recession indicator = more quantitative easing/liq injection

At $84K, Bitcoin's quantile model pegs BTC's risk score at just 48.7%, which is below median. Even if this cycle only hits the 95th percentile, buyers here are looking at 3x return.