To The Moon

US Markets

  - *S&P 500*: Rose 0.6% to 5,000, driven by tech stocks (Apple +4% post-record iPhone sales).  

  - *Nasdaq*: Up 1.5% as AI optimism lifted chipmakers (AMD +5%).  

  - *Dow Jones*: Flat, dragged by Boeing (-3%) amid renewed safety concerns.  

- **Asia/Europe**:  

  - *Hang Seng*: Fell 1.0% on China’s property debt fears.  

  - *DAX*: Gained 0.6% on strong German industrial production (+1.2% MoM).  

Forex & Central Banks

- **USD**: DXY held near 103.8 ahead of Powell’s speech. Markets now see a 60% chance of a June Fed cut.  

- **EUR/USD**: Testing 1.0950 resistance after Eurozone retail sales beat forecasts (+0.8% vs. +0.5% expected).  

- **USD/JPY**: Stabilized near 148.00 as BoJ signals cautious policy shift.  

Commodities

- **Oil**: Brent crude dipped 1% to $77/bbl on weak Chinese demand and rising US inventories.  

- **Gold**: Climbed 0.5% to $2,070/oz as Middle East tensions escalated (Houthi strikes in Red Sea).  

Key Events & Data Today

- **US ISM Services PMI**: Forecast at 52.0 (vs. 50.5 prior). A miss could revive recession fears.  

- **Fed Chair Powell’s Speech**: Focus on inflation outlook and rate-cut timing.  

- **Meta Earnings**: After-market results to test tech rally; ad revenue growth in focus.  

Key Risks & Trends

- **Tech Earnings Volatility**: Meta’s guidance could sway Nasdaq momentum.  

- **Middle East Escalation**: Rising Red Sea disruptions threaten global trade and oil flows.  

- **China’s Deflation**: Weak consumer prices (-0.8% YoY) pressure Asian equities and commodities.  

Notable Stock Movements

- **Apple**: +4% pre-market after reporting stronger-than-expected iPhone 15 sales.  

- **Boeing**: -3% as the FAA launched a new probe into 737 MAX production flaws.  

- **Shell**: -2% on falling oil prices and weak Q4 earnings.  

Technical Outlook

- **S&P 500**: Bullish above 4,950. Resistance at 5,050; support at 4,900.  

- **Bitcoin**: Consolidates near $43,000; resistance at $45,000 (ETF inflows vs. profit-taking).  

- **EUR/GBP**: Testing 0.8600 support; break below targets 0.8550.  

Conclusion 

Today’s focus is on Powell’s speech, US services data, and Meta’s earnings. A dovish Fed tone or strong ISM could lift equities, while Meta misses or Middle East escalation may trigger risk-off moves. Gold remains a hedge amid geopolitical uncertainty.  

$SPDR S&P 500 ETF Trust(SPY)$  

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