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๐ถ๐ฆ Cargo vessel catches fire after being hit by a drone in Qatari waters.
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April Existing Home Sales data - Monday
April CPI Inflation data - Tuesday
April PPI Inflation data - Wednesday
OPEC Monthly Report - Wednesday
April Retail Sales data - Thursday
April Industrial Production data - Friday
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Apple $AAPL brings in $1 Million of REVENUE every 69 seconds.
Apple brings in $1 Million of PROFIT every 336 seconds.
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โก๏ธ Over 600 current and former OpenAI employees reportedly sold $6.6B in stock, averaging about $11M each.
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Potato futures in Europe rose about 7.5x this month, from โฌ2.5 to โฌ18.5 per 100 kg due to fertilizer supply issues after the closure of the Strait of Hormuz.
While some waited for altcoin season, the gains unexpectedly went to potatoes.
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S&P 500 is approaching another historic milestone โฆ or another bubble?
If 2026 closes with ~20% gains, it would mark the 4th consecutive year of double-digit returns.
Since 2023, the index has already surged nearly 93%.
Such streaks are extremely rare in history:
โช๏ธ 1942โ45 โ WWII spending and economic mobilization
โช๏ธ 1949โ52 โ postwar boom and credit expansion
โช๏ธ 1995โ99 โ the dot-com bubble
โช๏ธ 2023โ26 โ the AI race: NVIDIA, Big Tech, data centers, rate-cut hopes, and belief in a new tech cycle
The key question isnโt whether the market can rally another 10โ20%.
It probably can.
The real question is whether future events โ maybe even a potential SpaceX IPO โ become the symbolic โtop signalโ of this cycle, just like dot-com listings did in 1999.
Euphoria can last longer than expected. But the closer markets get to mania, the more important risk management becomes.
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MASSIVE CRASH IN INDIAN MARKET.
โน7.34 trillion has been wiped out from the Indian stock market in the last 3 trading days as Oil crisis intensifies.
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๐ฎ๐ท๐บ๐ธ White House Advisor Hassett says Iran's economy is on the brink of "collapse."
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Michael Burry says todayโs market is starting to look a lot like the final stage of the 1999โ2000 dot-com bubble
According to Burry, the market has become completely obsessed with AI, while stocks increasingly ignore economic data and continue rising simply because they were already going up before.
He compared the current rally in the semiconductor index SOX to the tech mania before the 2000 crash. The index is already up more than 65% in 2026 alone, including a 10% jump in just one week.
Macro investor Paul Tudor Jones agrees that the AI boom resembles 1999, but believes the rally could continue for another 1โ2 years before a major correction hits.
His warning: if valuations keep expanding, the eventual sell-off could be โbreathtaking.โ
P.S. Michael Burryโs story inspired the movie โThe Big Short.โ
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๐บ๐ธ S&P 500 hit a new all time high and broke 7400 for the FIRST TIME IN HISTORY.
With Nasdaq also at a new all time high, US stock market added $270 Billion at opening.
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๐บ๐ธ๐ฎ๐ท President Trump told Fox News that he is considering renewing "Project Freedom," but this time with an expanded scope beyond just escorting vessels through the Strait of Hormuz.
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๐บ๐ธ President Trump to suspend federal gasoline tax.
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๐บ๐ธ๐จ๐ณ Elon Musk and Apple's Tim Cook to join President Trump on trip to China.
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๐ฎ๐ท Iran says its uranium enrichment is non-negotiable.
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OpenAI is being sued by the family of Tiru Chabba, one of two people killed in the April 2025 Florida State University mass shooting, alleging that ChatGPT actively guided the attacker.
The complaint says shooter Phoenix Ikner shared images of his firearms with ChatGPT, which then explained how to use them, told him the Glock had no safety, and noted that mass shootings draw more national attention "if children are involved."
ChatGPT also allegedly told Ikner that the FSU student union peaks between 11:30 a.m. and 1:30 p.m. โ and he opened fire at 11:57 a.m.
OpenAI says ChatGPT "is not responsible" and only provided publicly available information.
Florida AG James Uthmeier has launched a criminal investigation, saying, "If ChatGPT were a person, it would be facing charges for murder."
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๐บ๐ธ Coinbase CEO Brian Armstrong to address Republican senators on Wednesday.
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Brent crude futures rise approximately 3% to $104 per barrel.
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