DM

Just here for the markets. Speculating on a bright future. Forex, SPX, XAG, XAU day trader

[The Kobeissi Letter @KobeissiLetter]

BREAKING: OpenAI has confidentially filled for an IPO.

We are about to witness the most incredible IPO run in history.

[zerohedge @zerohedge]

Top Overnight News

Lebanon announced a partial ceasefire between Hezbollah and Israel on Monday in what would amount to a limited de-escalation of a conflict that has ‌killed thousands of people and inflamed the broader U.S.-Israeli war with Iran. RTRS

The fighting in Lebanon had become a major sticking point in end-of-war talks as Iran considers the conflict a violation of the U.S.-Iran ceasefire. Trump received briefings in recent weeks that the Israel-Hezbollah conflict was one of the key reasons why Iran remained unwilling to make a deal with the U.S., Trump administration officials said. WSJ

The Trump administration on Monday proposed a 25 percent tariff on a broad range of Brazilian imports, concluding after a trade investigation that Brazil had engaged in unfair practices that imposed burdens on American businesses. NYT

The White House will cut tariffs on agricultural equipment, such as combines and harvesters, to 15% from 25% on June 8. A lower 10% duty rate may apply if the equipment contains at least 85% US steel or aluminum. BBG

Gold has overtaken US government bonds as the world’s top reserve asset following years of relentless buying by central banks and a historic rally that has seen prices nearly double over the past two years. FT

SK Hynix plans to double its memory chip wafer capacity over the coming half-decade to ease a global shortage of a key AI component. BBG

Former BOJ board member Sayuri Shirai said the central bank may hold rates steady this month because underlying inflation pressures haven’t strengthened that much. BBG

The US is discussing whether to deploy nuclear weapons in additional European Nato states, in a move intended to reassure allies that reduced conventional military support does not weaken security guarantees. FT

NVDA CEO Jensen Huang said on Tuesday the company has enough supply to accommodate robust growth in central processing units (CPUs) and graphics processing units (GPUs) as it ‌rides an AI boom. The company, considered a barometer for the AI market's health as its semiconductors are used in virtually every major data center in the world, acknowledged, however, that supply constraints remain a concern. RTRS

[DM @DMFXSPX]

@KobeissiLetter Dont bother buying T bills and watching yield curves 😆 just buy NVDA and watch it go to the moon 🚀

[The Kobeissi Letter @KobeissiLetter]

This is absolutely incredible.

Investors now perceive Nvidia to be as creditworthy as the US government.

Nvidia's $NVDA, 5-year credit default swap (CDS) is trading at ~38 basis points, slightly below the US sovereign CDS, at 40 basis points.

In other words, markets consider the world's largest company to be less likely to default on its obligations than the US federal government.

This comes as in FY2026, Nvidia carried only ~$8.5 billion in total debt against ~$10.6 billion in cash and generated nearly $100 billion in free cash flow, giving it one of the strongest balance sheets of any company in the world.

Even if Nvidia's earnings dropped -90%, it would still rank among the 100 most profitable companies in the world.

Markets are treating Nvidia as one of the safest companies on the planet.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: US Consumer Sentiment officially falls to its lowest level on record in data going back to 1952, down another -10% last month.

Consumers now see inflation rising to 4.8% over the next 12 months.

This puts the Consumer Sentiment index down -21% since February 2026, before the Iran War.

Not even the 1980s saw Consumer Sentiment this low.

[DM @DMFXSPX]

S&P 7500 😳🤑 nothing can fade this bull market. Not hot inflation data, not war not nothing 😆 Are these famous last words before a major pullback? Or are we seeing 8000?
#SPX #bullish #trading #SPY

[WallStreetBets @wallstreetbets]

BREAKING: S&P 500 hits a new all-time high at 7,460

up 18% since the March 30 low

+$10.4 TRILLION in market cap in 6 weeks

inflation hot, oil ripping, war headlines everywhere

[Breaking911 @Breaking911]

BREAKING: The S&P 500 officially rises above 7,400 for the first time in history, now up +17.2% since March 30th.

VIA: @KobeissiLetter

[DM @DMFXSPX]

@KobeissiLetter Big moves 💪🐂

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The S&P 500 officially rises above 7,400 for the first time in history, now up +17.2% since March 30th.

That's now +$10 TRILLION in market cap in 29 trading days.

[DM @DMFXSPX]

@KobeissiLetter S&P 7400 🥳🤑💪

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Call option volume in the S&P 500 spiked to a record $2.6 trillion in notional value on Wednesday.

The total dollar value of call options traded has more than QUADRUPLED since the beginning of 2023.

Call options also accounted for ~58% of all S&P 500 options traded on Wednesday, an all-time high.

This surpasses the previous record of ~52% set in 2018.

To put this into perspective, the average over the last 15 months was ~46%.

Risk appetite is through the roof.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The S&P 500 officially rises above 7,350 for the first time in history, now up +16% since the March 30th low.

That's +$9.4 TRILLION in market cap since March 30th.

[Bull Theory @BullTheoryio]

🚨INSANE VOLATILITY

The S&P 500 dumped 0.52%, wiping out $350 billion in 45 minutes today, then gained $600 billion back in the next 4 hours to hit a new all time high.

The dump was triggered by Japan's central bank intervening in the currency market, sending USD/JPY crashing from 160.72 to 155.55 in a single candle.

Markets panicked and then fully recovered to hit a new all time high within 5 hours.

There is an active war in the Middle East, oil is above $120, Core PCE just jumped from 2.7% to 4.3% in a single quarter, GDP is slowing, the BOJ just intervened in currency markets for the first time since 2024, and the S&P 500 just hit a new all time high through all of it.

This strength in the stock market is something we haven't seen in a long time.

[DM @DMFXSPX]

@Dearme2_ Hard drugs and fast women😆 no on a real note. Good friends who wanted the best for me. Gym and martial arts

[DM @DMFXSPX]

@Mr_Derivatives Someone out here must be profiting from all these big moves 🤑🤔

[DM @DMFXSPX]

@MerlijnTrader Im hoping this means new all time highs

[Merlijn The Trader @MerlijnTrader]

MASSIVE:

🇺🇸 Trump just changed everything for markets.

"I will fire him if he does not resign."

Powell out. Warsh expected as replacement.
Rate cuts expected to follow immediately.

No Fed independence. No more waiting.
Rates coming down. Liquidity coming in.

$90B TGA release. $15B Treasury buyback. $166B tariff refunds.
Now rate cuts on top of all of it.

The liquidity wave is building from every direction.
Asset prices always follow liquidity.

Connect the dots.

[DM @DMFXSPX]

@KobeissiLetter This has to be bullish😆🐂 right? 😆

[The Kobeissi Letter @KobeissiLetter]

PRESIDENT TRUMP TO IRAN:

“The clock is ticking.”