Good morning.
The Fast Five → SPCX: SpaceX publicly files for IPO, Nvidia beats expectations but not enough for investors, SoftBank shares soar 20%, OpenAI to file for IPO as soon as Friday, and Bezos says bottom half of earners should pay zero in income taxes…
📌 The Exact Day This Bull Market Ends? Former Goldman Sachs insider's research team discovers mathematical signal that can help predict when to sell your stocks. See the full story before it's too late - watch now →
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Calendar: Full Calendar »
Today:
Unemployment Claims, 8:30A
Flash Manufacturing PMI, 9:45A
Flash Services PMI, 9:45A
Tomorrow:
Revised UoM Consumer Sentiment, 10:00A
Your 5-minute briefing for Thursday, May 21:
BEFORE THE OPEN
As of market close 5/20/2026.
Pre-Market:
US Investor % Bullish Sentiment:
↑ 39.32% for Week of MAY 14 2026
Previous week: 38.31%
Market Wrap:
Futures lower S&P -0.4%, Nasdaq -0.7%, Dow -118
Nvidia beats earnings and raises dividend, stock slips after hours
Markets question whether Nvidia results cleared lofty expectations
Wednesday rally snapped S&P’s three-day losing streak
Oil prices and Treasury yields eased Wednesday
Intuit -14% after weak revenue outlook and layoffs
Today? Walmart earnings and key economic data due
EARNINGS
Here’s what we’re watching this week:
Today: Ross Stores $ROST ( ▲ 2.4% )
Walmart $WMT ( ▼ 2.5% ) - EPS of $.66 (+8.2% YoY) on $174.62B revenue (+6.5% YoY)
Former Goldman Sachs Insider:
"I'm Terrified"
I've spent 40 years in the markets. I've made a fortune. I don't need to do this... But what I'm seeing right now terrifies me.
"Who cares what a rich guy thinks," you might say...
But this story isn't about me.
It's about you.
When the AI crash comes, it will blindside nearly half the U.S. population...
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HEADLINES
SpaceX has finally offered investors a public view of its internal finances, filing its S-1 IPO prospectus with the SEC ahead of its investor road show, reportedly planned for June 5.
Bond yields, oil fall amid Iran deal hopes; stocks end up with chip shares (more)
Fed minutes show more officials warned of rate-hike scenario (more)
House approves breakthrough housing bill in a win for investors (more)
Foreign governments dump US Treasurys amid Iran volatility (more)
UAE says new pipeline that bypasses Hormuz is 50% complete (more)
Dollar rally pauses on Iran deal optimism (more)
Oil plunges as Trump says US in 'final stages' of Iran deal (more)
All 50 states top $4 a gallon gas as Iran impacts linger (more)
OpenAI to confidentially file for IPO as soon as Friday (more)
SoftBank shares soar 20% as Nvidia earnings signal AI momentum (more)
Meta slashes 8,000 jobs as it pivots towards AI (more)
Intuit plans to cut workforce by about 17% (more)
Inflation hits US alcohol industry (more)
Jeff Bezos says bottom half of earners should pay zero in income taxes (more)
DEALFLOW
M+A | Investments
Anthropic to pay SpaceX nearly $45B for computing deal
Tether buys out SoftBank stake in Bitcoin Treasury Firm
James Murdoch buys New York Magazine, Vox Podcasts
Aera Technology receives investment from Accenture
Novity receives strategic investment from Acario Innovation
Alacriti receives growth investment
BravoTran receives investment from Arthur Ventures
Engine Room receives investment from Red Iron Group
Thalo Labs receives investment from Suffolk Technologies
VC
Decart, a developer of real-time video models, world models, and ultra-optimized AI infrastructure, raised $300M in funding
Commure, an AI platform for healthcare, raised $70M in funding
Oorja Bio, Inc., a clinical-stage biopharma company, raised $30M in Series A funding
Ocean, an agentic email security platform provider, launched from stealth with $28M in total funding
Findd, an AI-native workforce management platform, raised $21M in funding
Tribal, an enterprise-native AI platform, raised $10M in Seed funding
Checker, a network enabling financial institutions to plug into stablecoins and digital asset liquidity via single API, raised $8M in funding
Neurosoft Bioelectronics, a neurotech company developing soft brain-computer interfaces, raised $7.5M in Seed funding
Blank Bio, an applied AI research lab training foundation models for RNA, raised $7.2M in Seed funding
Century Health, a company specializing in applying AI to real-world clinical data to accelerate research, raised $5M in Seed funding
StitcherAI, a company building an IT Finance system of intelligence, launched with $3M Pre-Seed funding
ProEncia Biotechnology, a periodontal care company, raised an undisclosed amount in Pre-Seed funding
CRYPTO
BULLISH BITES
📈 Should you invest in the AI mega-cap IPOs?
🥶 Tech private equity is "frozen".
🤔 How Trump's $1.8B "anti-weaponization" fund works.
⏱️ Silicon Valley’s answer to declining male fertility? Sperm racing.
DAILY SHARES
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