US Market Flash

Economic Data & Earnings

• 🔥 Pending Home Sales Beat: US pending home sales index rose 1.5% last month to 73.7, exceeding economist...

Small-cap rotation actionable amid directionless big caps:

• Russell up 12.4%, mid-caps +11%, S&P others 4-5% despite war noise and chop
• Consumer...

• Morning push: Indexes hit highs (Nasdaq ATH), Dow tests 50k amid US-Iran talk hopes.
• Fear selloff: Vance trip paused, Iran dodges confirmation;...

• Key support at 10-day EMA near 6,975 (prior resistance), next stop after uptrend break
• Megaphone resistance "C" holds; full pattern resolution...

Q1 S&P 500 earnings season is underway but kicks into high gear next week with >40% companies set to report. Prime time for trading volatility.

US pending home sales rose 1.5% to 73.7 in March, beating expectations. Housing data upside supports cyclicals amid macro beats, eyeing short-term trades in the sector.

Key angles on S&P weakness for traders:

• Geopolitical spark: US-Iran tensions reignited after chaotic weekend, driving S&P 500, Nasdaq, Dow lower as...

Geopolitical Market Pressure

• 🔥 Futures Slide: S&P 500, Nasdaq, and Dow futures fell sharply as hopes of de-escalation in Iran dwindled, with...

Geopolitical flare-up hits hard:

• S&P 500, Nasdaq, Dow futures fall sharply Sunday night as Iran de-escalation hopes dwindle
• Investor sentiment...

Tesla's high P/E ratio faces intense investor scrutiny, demanding evidence of AI monetization to counter valuation risks weighing on its outlook.

Cerebras' IPO filing sparks intraday upside for SMH/SOXX as AI chip demand surges.

• Revenue explosion: $510M in 2025 (+76% YoY), swung to $87.9M...

Morgan Stanley raised Broadcom (AVGO) price target to $443, spotlighting its AI networking dominance – key signal for buying dips in NVDA/AVGO/ORCL as AI/semicon momentum rolls on.

Nvidia rival Cerebras discloses US IPO filing amid AI boom driving listings.

• Refiles after 2024 SEC paperwork, postponed and withdrawn last year
• Hot AI hardware sector expansion: Watch SMH/SOXX ripples for NVDA peers.

TSLA traders watch: Unsupervised Robotaxi service launches in Dallas and Houston today, marking the first expansion of Tesla's autonomous ride-hailing program. Fresh catalyst for EV/autonomous vol.

Iran Strait Open Fuels Rally

• 🔥 S&P 500, Nasdaq, Dow Climb: US stocks rose with S&P 500 up 0.7%, Nasdaq up 0.9%, and Dow up 0.3% as Iran stated...

• Fastest turnaround ever: S&P 500 up 11% from war low to ATH above 7041 in just 11 sessions since 1928
• Nasdaq hits 13-day streak, longest since...

• Short-form pivot: TikTok-style vertical feed for clips, discovery of films/series/podcasts—tested last year, now global scale to fight...

AI Momentum Plays

• 🔥 Allbirds Surge: Shares in shoe brand Allbirds rose 580% after announcing a $50m deal to pivot to AI compute infrastructure...

• Product velocity remains Robinhood's core competitive edge
• Robinhood Legend: Key 2026 offering
• Evolution from meme stock catalyst to financial products innovator

Watch HOOD for intra-day vol on innovation updates.

Intraday whipsaw hits majors on dueling geo-macro signals:

• S&P/Nasdaq fall 0.1-0.3% after open gains erased, US-Iran truce talks in focus despite...