Coinbase joins S&P 500

Stocks soar after US-China reach tariff truce, Xi defiance pays off, tariff receipts topped $16 bln helping to cut budget deficit, Coinbase joins S&P 500, and Trump signs executive order demanding pharma industry cut prices...

Author

Market Briefing
May 13, 2025

Good morning.

The Fast Five → Stocks soar after US-China reach tariff truce, Xi defiance pays off, tariff receipts topped $16 bln helping to cut budget deficit, Coinbase joins S&P 500, and Trump signs executive order demanding pharma industry cut prices…

🚨 CNN's Fear & Greed Index just did an about-face. Moving from Extreme Fear to now stopping at Greed. What does this mean for you and your investments? It’s GO time. And I have just the opportunity for you today → -Whitney Tilson

Calendar: (all times ET) - Full Calendar

  • Today:
    Consumer price index (CPI), 8:30A

  • Tomorrow:
    None watched

Your 5-minute briefing for Tuesday, May 13:

BEFORE THE OPEN

As of market close 5/12/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↑ 29.45% for Week of MAY 8 2025

Previous week: 20.94%. Updates Friday.

Market Wrap:

• Futures steady: Dow +24, S&P and Nasdaq flat ahead of CPI
• Monday: Dow +1,100, S&P +3%, Nasdaq +4.4% — best day since April 9
• April CPI expected at 2.4% YoY; core inflation seen at 2.8%
• US-China slash tariffs to 10% for 90 days; fentanyl-related duties stay at 20%
• Treasury’s Bessent: more China talks “in next few weeks”

EARNINGS

Here’s what we’re watching this week:

  • Wednesday:

    • Cisco Systems $CSCO ( ▼ 0.79% ) - earnings of $.82 per share (+4.5% YoY) on $14.1B revenue (+11% YoY)

  • Thursday:

    • Walmart $WMT ( ▲ 0.99% ) - earnings of $.58 per share (-3.3% YoY) on $164.5B revenue(+2.9% YoY)

Our #1 Tech Stock of 2025 (Not NVDA)

If you missed out on Amazon, Netflix, Apple...

Stay tuned, because Bloomberg says Jeff Bezos' new project could "achieve a $40 trillion valuation."

If you play this right, you could capture huge profits.

But according to Whitney Tilson, the former hedge fund manager who bought Amazon before it soared more than 8,000%, Netflix before it soared more than 11,000%, and Apple before the stock soared more than 65,000%...

You have to move quickly.

-from Stansberry Research

HEADLINES

Wall St.’s bets that the US-China trade truce marks the end to an all-out tariff war drove the S&P up 3%, while sinking defensive corners of the market from bonds to gold and haven currencies.

Xi Jinping’s decision to stand his ground against Donald Trump could hardly have gone any better for the Chinese leader.

  • US, China reach deal to temporarily slash tariffs, easing slump fears (more)

  • S&P jumps to over two-month high after China tariff truce (more)

  • April CPI report expected to show first signs of Trump tariffs' impact (more)

  • China sees the US trade deal as a huge win for Beijing (more)

  • Tariff receipts topped $16B in April, helping cut the budget deficit (more)

  • Trump signs executive order to demand pharma industry cuts prices (more)

  • Dollar holds gains, yuan jumps from China trade deal (more)

  • Gold falls 3% as US and China strike tariff deal (more)

  • Coinbase joining S&P 500 days after bitcoin soared past $100,000 (more)

  • Toy stocks rally after Chinese tariffs slashed to 30% (more)

  • Apple considers raising iPhone prices (more)

  • Google launches new initiative to back startups building AI (more)

DEALFLOW

M+A | Investments

  • Hub International secures $29B valuation in $1.6B investment deal

  • Pan American Silver to acquire MAG Silver for approx $2.1 bln

  • Blackstone in talks to buy utility TXNM

  • SavvyMoney, a provider of credit score solutions, acquired CreditSnap, a company specializing in credit application solutions

  • Scopic, a custom software development company, acquired ZoomRadar, a real-time weather data and radar visualization company

  • BVNK, a stablecoin payments infrastructure company, received an investment from Visa through Visa Ventures

VC

  • Stash, an investment platform provider, raised $146M in Series H funding

  • X-Bow Systems, a defense tech company, raised over $105M in Series B funding

  • Sirius Therapeutics, a biotech company, raised nearly $50M in Series B2 funding

  • Miden, a blockchain infrastructure startup, raised $25M in Seed funding

  • Theom, a San Jose, CA-based AI-native Data Operations Center (DOC) platform that automates AI & data governance and security, raised $20M in Series A funding

  • Glass Imaging, a Los Altos, CA-based computational photography company, raised $20M in Series A funding

  • Dinari, a Palo Alto, CA-based tokenized equity trading startup, raised $12.7M in Series A funding

  • Foundation Alloy, a Boston, MA-based advanced materials company, raised $7.5 million in funding

  • Zapia, a Montevideo, Uruguay- and Menlo Park, CA-based WhatsApp-based AI executive assistant in Latin America, raised additional $7.25M in Seed funding

  • TensorStax, a San Francisco, CA-based provider of an agentic platform for data engineering, raised $5M in Seed funding

  • Alta Resource Technologies, a company using biochemistry for mineral separation, extended its Seed funding to $10M with an add’l $4.4M investment

CRYPTO

  • US SEC chair says agency plans to create new rules for crypto tokens (more)

  • Strategy’s Bitcoin buying pattern coincides with price increase (more)

  • Eric Trump-backed American Bitcoin to go public through all-stock merger (more)

BULLISH BITES

👑 Saudi prince launches AI venture as Trump, Musk, Altman, and Zuckerberg arrive for conference.

😩 ‘We’re living in two separate economies.’ Why young Americans feel stuck, financially.

🎟 If your vibe is right, he might let you into the club.

🚤 Your own personal electric hydrofoil boat.

DAILY SHARES

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