Jack’s note:
The Stock Arbitrage Scanner will be available later today. There will be an announcement using email and web via The Stock Insider Newsletter.
Hi!
It’s Jack and the The Stock Insider team with the best non-partisan daily newsletter related to politics, the US stock market, and business. 😇
The Markets:
📉 Fear & Greed Index: 64/100
🟢🟢🟢🟢🔴 — Market is greedy
(It’s best to trade when the index is neutral—right in the middle.)
The calculation is based on VIX:
σ² = (2 / T) * Σ[ΔK * (K^(-2)) * e^(RT) * Q(K)] - (1 / T) * [(F / K0) - 1]²
Where:
- T is the time to expiration in years.
- ΔK is the interval between strike prices.
- K is the strike price of the option.
- R is the risk-free interest rate.
- Q(K) is the midpoint of the bid-ask spread for each option with strike K.
- F is the forward index level derived from index option prices.
- K0 is the first strike below the forward index level F.US & Global Indices
US and global equity markets advanced across the board. Tech outperformed as Nasdaq surged, while small caps rallied sharply.
🟢 Nasdaq: 17,928.14 (+189.98 | +1.07%)
🟢 Small Cap 2000: 2,026.41 (+36.75 | +1.85%)
🟢 S&P 500: 5,663.94 (+32.66 | +0.58%)
🟢 Dow Jones: 41,368.45 (+254.48 | +0.62%)
🟢 Bovespa: 136,232 (+2,834 | +2.12%)
🟢 S&P/TSX: 25,254.06 (+92.88 | +0.37%)
🟢 CAC 40: 7,751.12 (+56.68 | +0.74%)
🟢 DAX: 23,504.91 (+155.61 | +0.67%)
🟢 Euro Stoxx 50: 5,316.35 (+27.41 | +0.52%)
⚪ S&P/BMV IPC: 56,866.76 (0.00 | 0.00%)
🟢 FTSE 100: 8,556.76 (+25.15 | +0.29%)
🟢 MSCI World: 3,711.99 (+4.10 | +0.11%)
🔴 VIX: 22.26 (−0.22 | −0.98%)
Forex & Bonds
The dollar weakened as major currencies gained and Bitcoin climbed. Long-duration yields rose, signaling slight inflationary pressure expectations.
🟢 EUR/USD: 1.1254 (+0.0029 | +0.26%)
🟢 GBP/USD: 1.3281 (+0.0039 | +0.29%)
🔴 USD/JPY: 145.27 (−0.62 | −0.43%)
🟢 BTC/USD: 103,054.00 (+628.00 | +0.61%)
🔴 5-Year Treasury: 3.987 (−0.007 | −0.18%)
🔴 10-Year Treasury: 4.394 (+0.021 | +0.48%)
🔴 30-Year Treasury: 4.865 (+0.029 | +0.60%)
Major US Stocks
Risk appetite returned in tech and AI. PLTR, TSLA, and COIN led gains, while Berkshire dipped. Broader tech broadly positive.
🟢 PLTR: +7.85%
🟢 WOLF: +7.79%
🟢 COIN: +5.06%
🟢 TSLA: +3.11%
🟢 GOOG: +1.93%
🟢 GOOGL: +1.92%
🟢 AMZN: +1.79%
🟢 AMD: +1.34%
🟢 MSFT: +1.11%
🟢 EXPE: +1.46%
🟢 PINS: +1.90%
🟢 AAPL: +0.63%
🟢 META: +0.20%
🟢 NVDA: +0.26%
🔴 BRK-B: −0.96%
🔴 BRK-A: −1.18%
Below, you can subscribe to my most significant newsletter (almost HALF A MILLION active retail traders). I publish A TON of free articles there.
Most Interesting Events:
Macro and Policy Events
Federal Reserve speeches
06:45 a.m. ET – Gov. Adriana Kugler on Maximum Employment, Reykjavík Economic Conference
05:55 a.m. ET – Vice-Chair Michael Barr on AI and the Labor Market, same venue
12:50 p.m. ET – Gov. Lisa Cook commencement address, Michigan State University
Weekly Baker Hughes rig count – 1 p.m. ET release; consensus roughly unchanged from last week’s 479 oil rigs
CFTC Commitments-of-Traders – 3:30 p.m. ET release; latest futures-positioning snapshot
Treasury market – No bill, note, or bond auctions announce or settle today; next wave begins 12 May
Scheduled U.S. economic data – No BLS, Census, or BEA releases; next significant print is April CPI on 13 May
Trade and Energy Catalysts
U.S.–UK tariff-reduction agreement – Overnight deal lifts Section 232 duties on select UK steel/aluminium, trims U.S. auto tariffs, expands farm-export quotas; could support cyclicals
OPEC+ compliance review (Saturday 10 May) – Ministers expected to endorse accelerated output increases; positioning may shift energy equities and inflation breakevens today
Corporate Diary
Earnings before the bell
Enbridge (ENB) – mid-stream dividend gauge
Plains All American (PAA) – Permian volume read-through
Starwood Property Trust (STWD) – CRE credit risk barometer
Essent Group (ESNT) – mortgage-insurance loss-ratio trajectory
Smaller caps: NeoGenomics, Koppers, Rapid Micro Biosystems
Dividends and record dates
Ex-dividend today: Mastercard $0.76, American Express $0.82, AGNC Investment $0.12
Overnight declaration: Algonquin Power Q2 common $0.065; preferred series unchanged
Record date today: Pfizer $0.43 (pay 13 Jun), IBM $1.68 (pay 10 Jun)
Market-Structure Notes
Nasdaq calendar lists no IPO pricings, filings, or lock-up expiries for 9 May
Sources
Beyond the Paywall:
Most Promising Stocks of The Day (from my new revolutionary Stock Arbitrage Scanner, to be public soon)
Most Impactful News Summaries (with sources)
Listen to this episode with a 7-day free trial
Subscribe to Anti-Clickbait News to listen to this post and get 7 days of free access to the full post archives.
