Nasdaq and S&P 500 Hit Record Highs Despite Hottest PPI Since 2022
TL;DR The S&P 500 and Nasdaq Composite both closed at new all-time highs on Wednesday, May 13,
Posts by Ulysses Cornelius
Warsh Confirmed as Fed Chair: S&P 500 and Nasdaq Hit Records While Bitcoin Breaks $80K
TL;DR The Senate confirmed Kevin Warsh as the next Federal Reserve Chair in a 54-45 vote on May 13,
Inflation Shock Sends 30-Year Yields Above 5% — Stocks Hit New Records Anyway
Wednesday's trading session delivered a sharp reminder that markets can hold contradictory ideas at the same time. April&
Bitcoin Falls Below $80K as PPI Hits 6% and Senate Confirms Warsh as Fed Chair
TL;DR Bitcoin broke below $80,000 on May 13, touching a session low of $79,557, after April Producer
S&P 500 Hits Record High on AI Surge as Iran Ceasefire Bid Collapses
TL;DR The S&P 500 closed at a new all-time high on Wednesday, powered almost entirely by AI
Nasdaq Defies Hot PPI as Trump and Jensen Huang Land in Beijing
TL;DR US tech stocks climbed Wednesday as Nvidia CEO Jensen Huang made a last-minute appearance on President Trump'
April PPI Surges 6% as IEA Warns of Full-Year Oil Supply Deficit
TL;DR April wholesale inflation came in sharply above expectations on Wednesday, with the Producer Price Index (PPI) rising 1.
IEA: Oil Supply Deficit Hits 6 Million bpd as Iran War Drains Global Stockpiles
TL;DR The International Energy Agency's May 2026 oil market report, released Wednesday, puts the Q2 supply deficit
US Stocks Midday: Sectors Split Sharply as Rate Fears Target Utilities and Financials
As of midday Wednesday, May 13, the headline S&P 500 reading looks almost calm. Dig one level deeper
Chip Stocks Rally as Nvidia CEO Jensen Huang Joins Trump's Beijing Summit
TL;DR President Trump arrived in Beijing on May 13 for a high-stakes summit with Chinese President Xi Jinping. Nvidia