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Billionaires filled Monaco's harbor during the latest Formula 1 stage, with over 200 luxury yachts docked. Guests included Prince Albert II, Kim Kardashian, Michael Douglas, Catherine Zeta-Jones, and Donald Trump Jr..
Some superyachts carried exclusive hypercars like Koenigsegg and Bugatti, each worth about $5 million.
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Trump canceled the planned bombings of Iran from a few hours ago and is now conducting peaceful negotiations with Iran.
✅ @futures
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SpaceX is 16 hours away from the largest IPO ever.
It should close with a market cap above $2 trillion, ranking as the 7th largest public company worldwide.
All eyes are on SpaceX as it happens.
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The US would lift the naval blockade and waive Iran oil sanctions for 60 days, while Iran would receive $24B during negotiations and pledge no nuclear weapons, with talks excluding the missile program.
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The 3-month correlation between the 10-year Treasury yield and the S&P 500 has dropped to -0.62, the lowest in 15 years. Rising yields now strongly coincide with falling stocks.
During the 2022 bear market, this correlation never fell below -0.50. After the 2008 Financial Crisis, yields and equities moved together, backed by growth and earnings expectations.
Today, rising yields reflect inflation fears, pressuring stock valuations instead of signaling strength. The bond market remains a key indicator.
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The stock is expected to open about 25% higher, making SpaceX the 7th largest public company globally and Elon Musk the first trillionaire in history.
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SpaceX is now debuting the largest IPO ever, valued at 2.5 times the size of the previous record.
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The delay aims to ensure the IPO is orderly and that the right price is achieved, according to Nasdaq's President.
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Further price updates are expected before trading officially begins.
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Elon Musk has reached trillionaire status following the start of trading for SpaceX stock under the ticker $SPCX. This milestone marks a historic moment in wealth accumulation.
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If you use The Warren Buffett Indicator to get out of the market when stocks are "significantly overvalued"
... then you missed the entire 2026 bull market, or better, you've been sitting in treasuries since 2023. Congrats!
✅ @futures
... then you missed the entire 2026 bull market, or better, you've been sitting in treasuries since 2023. Congrats!
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The latest theory suggests we're currently in the calmest part of the year, with things becoming far more chaotic after June and continuing into year-end.
Another interpretation goes even further.
It claims the cover hints at a new pandemic narrative emerging around May and gaining momentum by August, with the World Cup eventually blamed for helping spread it.
Maybe it's a glimpse into what's coming.
Maybe it's just creative artwork.
Either way, people are already dissecting every detail.
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