Good morning.
The Fast Five → The NACHO trade is taking shape, Trump backs temporary gas tax halt, Dan Ives predicts Nasdaq 30,000, private credit’s hot streak is over, and Musk, Cook set to join Trump for Xi Summit…
📌 Satellite Confirms: Elon Musk is rolling out a breakthrough technology that could replace our need for foreign oil and ignite a $10 trillion boom a small group of stocks. Go here to learn how you can invest in this before it becomes mainstream »
(A message from Altimetry)
Calendar: Full Calendar »
Today:
Consumer Price Index, 8:30A
Tomorrow:
Producer Price Index, 8:30A
Your 5-minute briefing for Tuesday, May 12:
BEFORE THE OPEN
As of market close 5/11/2026.
Pre-Market:
US Investor % Bullish Sentiment:
↑ 31.73% for Week of MAY 07 2026
Previous week: 38.31%
Market Wrap:
S&P +0.19%, Nasdaq +0.1%, Dow +95
S&P and Nasdaq closed at fresh record highs
Oil rises WTI +2.8%, Brent +2.9%
Trump rejects Iran proposal, ceasefire “on life support”
Markets shrug off Middle East tensions again
Micron +6.5%, Nvidia +2% lift tech sector
Tech boom continues outweighing oil concerns
EARNINGS
Here’s what we’re watching this week:
Today: Alibaba $BABA ( ▼ 1.84% ), BitGo Holdings $BTGO ( ▼ 8.33% )
Cisco Systems $CSCO ( ▲ 0.58% ) - $1.04 EPS (+8.3% YoY) on $15.6B revenue (+10% YoY)
Elon Musk Calling on Military 'Dark Energy' to Power AI
When it was put inside U.S. tanks, they moved almost silently and produced no smoke.
Now, Elon Musk is using this strange technology to jump ahead in the AI race - and possibly change the course of history.
- a sponsored message from Altimetry -
HEADLINES
Oil prices and Treasury yields are rising, while an extended chip-stock rally helped nudge indexes to new records.
Stocks edge up ahead of US-China meeting (more)
Leading stocks are losing their low-asset edge (more)
Global economy is 'bending, not breaking' amid Iran war (more)
Iran says it will ‘never bow’ as Trump rejects peace counteroffer (more)
Trump backs temporary gas tax halt as pump prices soar (more)
The Fed's inflation reckoning deja vu (more)
Goldman, BofA delay Fed cut calls after 'last straw' jobs data (more)
Airlines lower some fares amid falling demand (more)
Silver prices may be on the road to recovery (more)
Oil prices rise as prospects for US-Iran peace deal fizzle (more)
Saudi Aramco warns fuel stocks heading for ‘critically low levels’ (more)
China’s factory inflation hits post-Covid high after cost shock (more)
‘Haters will hate’: Dan Ives predicts Nasdaq 30,000 as AI rally expands (more)
Burry: ‘For any stocks going parabolic reduce positions almost entirely’ (more)
GM to cut hundreds of white collar workers in IT overhaul (more)
Private credit’s hot streak is over (more)
DEALFLOW
M+A | Investments
Sony Music Publishing to buy Recognition Music catalog for $4 bln
Byron Allen in deal to buy Buzzfeed, become Chairman & CEO
Optro acquires Midship
InMobi acquires MobileAction
VoltaGrid announces $1 bln equity investment from Blackstone, Halliburton
VC
Cowboy Space Corporation, an orbital infrastructure company, raised $275M in Series B funding
Basata, an AI company developing operational layer services for US healthcare, raised $21M in Series A funding
Ciridae, a company developing operating systems for real economy businesses, raised $20M in Seed funding
Crown Affair, a haircare brand, received a Series C investment from Stride Consumer Partners
CRYPTO
BULLISH BITES
🎓 Jensen Huang to college grads: "Run. Don't walk" toward AI.
🎲 A $400 AI bet that’s actually a high-stakes wager on the future of work.
🚫 The most common tax traps in retirement — and how to avoid them.
⛳️ Great family golf vacations even the nongolfers will enjoy.
DAILY SHARES
Have feedback or a suggestion?
💌 Send us a message
*sponsored message
Disclaimer: Market Briefing© is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. Please conduct your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Market Briefing team.
