"Bitcoin is just another tech stock, not a market hedge," per CNBC. Do you agree?

After President Trump called Jeff Bezos, Amazon, $AMZN, called off its plan to add ‘tariff price adjustments’ to product listings, per Reuters

The head of the International Monetary Fund has said that President Trump's tariffs will cause economies around the globe this year to experience higher inflation and slower growth — but not a recession.

Today the Stock popped +32% at open, contracts hit $10—huge ROI for whoever hit that $HIMS +273% ROI Potential +$500,000 in a week ?

Lutnick: All cars that are finished in US that have 85% domestic content will have no tariffs

US Atlanta Fed GDPNow Q1: -2.7% (prev -2.4%)

"Tariffs will drive up the cost of airplanes," per CNBC.

BlackRock, $BLK, Larry Fink has said: The traditional 60/40 portfolio may “no longer fully represent true diversification” “The future standard portfolio may look more like 50/30/20 — stocks, bonds and private assets like real estate, infrastructure and private credit.”

Share of recent homebuyers by generation, according to the NAR: Baby Boomers (ages 60-78): 42% Millennials (ages 26-44): 29% Generation X (ages 45-59): 24% Silent Generation (ages 79-99): 4% Generation Z (ages 18-25): 3%

Since World War II, there have been nine bear markets that have accompanied recessions, and on average the S&P 500 has declined 35% versus 28% in bear markets that didn’t come with economic downturns. There have been just five bear markets without recessions since 1948.

China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, per Reuters

The U.S. will 'absolutely' have a recession in 2025 if high tariffs stay, Apollo's Slok says

"S&P500 still has plenty of room to fall if a recession is inevitable," per Bloomberg

"Households making $100,000 annually are still considered “middle-class” in every U.S. state," per FORTUNE.

US household wealth is increasingly held by older families, per Bloomberg:

JUST IN: White House: Amazon, $AMZN, showing tariffs on each product is a hostile and political act

Bessent: We won’t have supply chain shocks, retailers are managing their inventories… Tariffs will make China lose jobs

White House: Trump is America’s Businessman in Chief

BREAKING: Amazon, $AMZN, to show cost of Trump tariffs on each product

UPS says it will cut 20,000 jobs worldwide in 2025

US stock ownership by income percentile, per Bloomberg:

“People say the next generation’s in bad shape. Really? They’re going to inherit a country that’s worth two [or] three hundred trillion dollars. They’re probably going to live to 120; AI is going to cure some cancers... They shouldn’t be bemoaning their situation, they should be looking at the world and saying, ‘What can I make of it? What can I do better than the folks before me?’” JPMorgan, $JPM, Dimon has said.

The average value of a single lost tooth has declined by 14% from $5.84 to $5.01 from last year, per Axios. In 2023, the value of a single lost tooth reached a record high when it was $6.23.

BREAKING: There is a new club by Donald Trump Jr, David Sacks, and the Winkelvoss twins called the "Executive Branch," which allows for members to have close proximity towards President Donald Trump. It costs $500,000 to get in.

S&P 500 has traded green for 5 consecutive days, it's longest winning streak of the year

At a BRICS meeting, Chinese Foreign Minister Wang Yi warned countries against yielding to U.S. tariff threats, saying appeasement would only embolden the “bully,” and urged emerging-market nations to resist U.S. levies.

U.S. Treasury will now need to borrow $514 Billion this quarter, an increase of 320% from its previous estimate, per Bloomberg.

Good morning to everyone:

Good night to everyone:

Canadian Liberal’s win a minority government, per CBC

BREAKING: Canada’s Liberals led by Carney win the Canadian election, keeping Liberals in power, per CTV

BREAKING: Canadian Conservative Poilievre odds have increased %10 on Polymarket, as Canadian polls close.

Donald Trump is reportedly making a decision to soften the blow of automotive tariffs by making automakers not charged for other duties like steel and aluminum tariffs, per the WSJ

Getting more and more mileage out of the new Market Map, looking at relative option volume vs. days til earnings and found this IGT ratio calendar for May/Jun25, very unique spread. Try out the Market Map yourself:

Britain and the European Union are set to sign a formal declaration committing to “free and open trade," per POLITICO

According to Polymarket traders, liberal candidate Mark Carney is the clear favorite to win the Canadian election today.

Trump will sign order on English literary tests for truckers in US, per the White House

Palantir, $PLTR, has won a new $30 million contract from the U.S. Immigration and Customs Enforcement to build Immigration OS, a new program to give the agency “near real-time” data about people self-deporting.

BREAKING: China's Temu has added ‘import charges’ of about 145% after Trump tariffs, more than doubling price of many items, per CNBC

At close: 🥗🥗🥗