Financial World Updates
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๐Ÿ“Š Key Events next Week:

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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โšก๏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 โ‚ฌ2.5 to โ‚ฌ18.5 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 โ€ฆ 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:

โ–ช๏ธ 1942โ€“45 โ€” WWII spending and economic mobilization
โ–ช๏ธ 1949โ€“52 โ€” postwar boom and credit expansion
โ–ช๏ธ 1995โ€“99 โ€” the dot-com bubble
โ–ช๏ธ 2023โ€“26 โ€” the AI race: NVIDIA, Big Tech, data centers, rate-cut hopes, and belief in a new tech cycle


The key question isnโ€™t whether the market can rally another 10โ€“20%.

It probably can.
The real question is whether future events โ€” maybe even a potential SpaceX IPO โ€” become the symbolic โ€œtop 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.

โ‚น7.34 trillion has been wiped out from the Indian stock market in the last 3 trading days as Oil crisis intensifies.


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๐Ÿ‡ฎ๐Ÿ‡ท๐Ÿ‡บ๐Ÿ‡ธ White House Advisor Hassett says Iran's economy is on the brink of "collapse."


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Michael Burry says todayโ€™s market is starting to look a lot like the final stage of the 1999โ€“2000 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 1โ€“2 years before a major correction hits.

His warning: if valuations keep expanding, the eventual sell-off could be โ€œbreathtaking.โ€

P.S. Michael Burryโ€™s story inspired the movie โ€œThe Big Short.โ€


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๐Ÿ‡บ๐Ÿ‡ธ 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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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฎ๐Ÿ‡ท 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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๐Ÿ‡บ๐Ÿ‡ธ President Trump to suspend federal gasoline tax.


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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ณ Elon Musk and Apple's Tim Cook to join President Trump on trip to China.


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๐Ÿ‡ฎ๐Ÿ‡ท 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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๐Ÿ‡บ๐Ÿ‡ธ 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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๐Ÿ‡บ๐Ÿ‡ธ President Trump still plans to audit Fort Knox to confirm its $700 billion gold reserve has not been stolen.


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S&P 500 closes at new all-time high of 7,412


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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ณ President Trump and Xi Jinping are reportedly considering deal to allow China to invest $1 trillion to build factories in the United States.


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