Copper Retreats as US and Iran Trade Threats on Peace Deal
Copper prices slipped 1.3% to $13,474 a ton as traders digested President Donald Trump’s mixed signals on a U.S.–Iran peace deal. While Trump said progress was being made, he warned that U.S. forces could resume attacks if negotiations stalled, prompting renewed geopolitical risk. The decline follows a record‑high close on May 13, driven by optimism over AI‑related demand and a broader rally in high‑tech equities. Meanwhile, iron ore extended a six‑day losing streak, reflecting weaker Chinese steel demand.
FPIs Exit Korea & Taiwan: Is India Ready for the Flow Rotation?
Foreign portfolio investors have withdrawn nearly $23.4 billion from Indian equities this year, citing stretched valuations, a weakening rupee and softer earnings outlooks. At the same time, they pulled $7.8 billion from South Korean stocks and $4.3 billion from Taiwanese equities, marking consecutive...
BT Group Results for Year to End of 31st March 2026
BT Group posted FY26 revenue of £19.7 bn (≈$25 bn), down 3%, while profit after tax rose 2% to £1.08 bn (≈$1.37 bn). The company added 2.2 million full‑fibre connections, pushing Openreach’s footprint to over two‑thirds of UK premises and targeting 25 million by December 2026....
A Mean Reversion Strategy for Semiconductors
A rules‑based mean reversion model targeting semiconductor ETFs was backtested from the launch of SMH to the present. The system generated 124 trades, delivering an average 1.1% gain per trade and a 78% win ratio. It produced a 5.5% compound...
GLP’s Potential IPO Could Give Vanke a Much-Needed Exit Window
China Vanke, under pressure from losses and liquidity concerns, may find an exit via Global Logistic Properties’ (GLP) rumored Hong Kong IPO. GLP is targeting at least $1 bn in proceeds and a $20 bn valuation, which would value Vanke’s 21.4% stake at...
Investors Abandoned These 3 AI Stocks Too Early, Says Jeff Clark
Jeff Clark of TradeSmith warns that AI‑focused stocks have been over‑sold after recent hype, highlighting three undervalued names. He argues Figma (FIG) is integrating AI, showing 50% YoY user growth, 139% net retention and beating earnings expectations despite a $22...
Treasury Yields Resume Climb as Traders Monitor Inflation Risks
U.S. Treasury yields climbed on Thursday, with the 10‑year note reaching 4.6014% and the 30‑year bond edging to 5.1334%. The rise follows a brief pull‑back after multi‑decade highs and reflects renewed inflation concerns after Fed minutes hinted at further rate...
NCDEX Launches India’s First Exchange-Traded Parametric Weather Derivative RAINMUMBAI
The National Commodity and Derivatives Exchange (NCDEX) has launched RAINMUMBAI, India’s first SEBI‑approved exchange‑traded parametric weather derivative. The contract lets market participants hedge financial exposure to extreme or variable rainfall in Mumbai and surrounding areas. Developed with IIT Bombay and...
Tax-Equivalent Yield: Why High Yield Munis Can Outperform>
The article explains tax‑equivalent yield (TEY), a metric that translates a municipal bond’s tax‑free coupon into the pre‑tax yield a taxable bond would need to match it. It shows that high‑yield munis, especially for investors in the 35%‑plus federal brackets,...
A Time to Save
The author recounts how a 401(k) at Vanguard sparked a lifelong commitment to saving, starting with a 3% employer match and a 15% payroll contribution in the early 1990s. Over time, the writer shifted from actively managed stock funds to...
China’s Yuan Hits 3-Year High as Global Banks Issue Bullish Forecasts
China’s central bank set the yuan’s daily reference rate at its strongest level since early 2023, pushing the currency to a three‑year high against the US dollar. Global banks are now issuing bullish forecasts, expecting further appreciation as China’s monetary...
China’s Housing Slump Shows Signs of Bottoming Out. We’ve Been Here Before.
China’s long‑running housing crash may be stabilizing as Tier‑1 cities like Shanghai posted a 2% price rise from February to April, ending a 38% plunge that began in 2021. Yet the broader market remains burdened by an estimated 90 million empty...
BOJ Should Raise Policy Rate at Appropriate Pace, Says Board Member Junko Koeda
Bank of Japan board member Junko Koeda signaled support for raising the policy rate, noting that underlying inflation could exceed 2% and that a hike may be appropriate as early as the June 16 meeting. She voted with the majority...
Iran War Spurs Extreme Bear Scenarios for Asia Currencies, Bonds
The ongoing Iran‑Russia conflict is tightening global oil supplies, sending energy prices higher and straining emerging Asian economies. Analysts now model extreme bearish outcomes, projecting India’s rupee sliding to 100 per dollar, Indonesia’s rupiah to 18,000, and the Philippine peso...
Oceanhawk Acquisition Corp. (OHACU) Prices Upsized $160M IPO
Oceanhawk Acquisition Corp. (OHACU) priced an upsized $160 million initial public offering, with units slated to start trading on Nasdaq on May 21, 2026. The SPAC, led by CEO Ernest Miller and CFO Jon Ryan, will seek a merger with a company in...
Barchart Strategist Forecasts Constructive 6.7% S&P Pullback Near 7,300
Barchart’s senior market strategist John Rowland says the S&P 500’s 19% surge over the past 45 days is likely to pause with a constructive 6.7% pullback toward the 7,060‑7,300 zone. He bases the outlook on Bollinger Bands, Fibonacci retracements and...
Canadian ETF Assets Jump 6% to $817.2B as Inflows Nearly Double YoY
The Securities and Investment Management Association reported that Canadian exchange‑traded fund assets rose 6.0% in April to $817.2 billion, driven by $13.6 billion of net sales—nearly double the inflows recorded a year earlier. The rebound underscores a broader shift toward ETFs as...
China and Russia Seal Over 40 Agreements, Boosting Multipolar Trade
President Vladimir Putin and President Xi Jinping signed over 40 agreements in Beijing, covering economics, energy, transport and a joint declaration for a multipolar world. The deals deepen trade ties worth $240 bn and shift settlements to rubles and yuan, signaling...
UN and IMF Cut 2026 Global Growth Forecasts to 2.5% and 3.1% Amid Middle East War
The United Nations and International Monetary Fund have each trimmed their 2026 global GDP growth forecasts—UN to 2.5% and IMF to 3.1%—citing the war in the Middle East, soaring energy costs and heightened inflation. The downgrade threatens emerging‑market economies that...
ECB Poised for June Rate Hike as Inflation Stays Above Target, July Remains Uncertain
European Central Bank policymakers are signaling a near‑certain interest‑rate increase in June as inflation runs at 3%, well above the 2% target. At the same time, the bank is expected to stay non‑committal about a follow‑up move in July, preserving...
Dollar Slides as Iran Cease‑fire Hopes Rise; Yen Nears 160 per Dollar
The U.S. dollar fell 0.12% to 99.19 on the dollar index, marking its steepest weekly decline since January after President Donald Trump signaled progress on a cease‑fire with Iran. At the same time, the Japanese yen rose to 158.88 per...
Philippines Treasury Auction Fails as All Bids Rejected, Yield Spike Triggers Liquidity Concerns
The Philippine Treasury rejected every bid for its 10‑year reissued bond auction on Tuesday, despite demand of PHP 33.7 billion (≈$602 million) against a PHP 30 billion (≈$535 million) offer. Investors demanded yields above 7.9%, far higher than recent secondary‑market rates, signaling stress in sovereign debt...
S&P 500 Falls 0.67% for Third Straight Day as Greed Index Stays in Optimistic Zone
The S&P 500 slipped 0.67% to 7,353.61 on Tuesday, marking a third straight day of losses. Despite the decline, the CNN Fear & Greed index remained at 60.3, still in the “greed” zone, underscoring a disconnect between price action and...
US Gas Prices Hit $4.48/gal Ahead of Memorial Day, Near All‑Time Highs
GasBuddy projects the national average regular‑gas price to reach $4.48 per gallon this Memorial Day, 42% higher than a year ago and the second‑highest on record. The surge, driven by the Iran‑Hormuz crisis and record‑low U.S. oil inventories, is pushing...
India's Sensex Gains 117 Points on Late‑Day Buying, Boosting Asian Equity Sentiment
India's BSE Sensex jumped 117.54 points (0.16%) to close at 75,318.39 on Wednesday, driven by late‑day buying and a 2.83% surge in Reliance Industries. The rebound lifted the NSE Nifty and came as the rupee hit a record low near...
Energy One (ASX: EOL) Share Price Falls 10% On Slightly Disappointing ARR Growth
Energy One (ASX:EOL) saw its shares tumble about 10% after reporting annual recurring revenue (ARR) growth that fell short of market expectations. The company disclosed a modest increase in ARR, signaling slower momentum in its renewable‑energy portfolio. Analysts had anticipated...
Pay Your Credit Card Early, Transform Your Finances
They taught us algebra in school but never taught us that paying your credit card three days earlier could change your entire financial life. I wrote the article I wish existed when I was broke. link in comment ⤵️
Breadth Returns, Triggering Early Risk‑On Allocation Surge
1/4🧵 ZOR’S DAILY VIEW — May 20, 2026 BREADTH IS BACK. Short-term market breadth just flipped above the 5-day MA → Risk On (Early) activated. Indices climbing back above their short-term moving averages just took our Short-Term Swing Allocation from 0-30%...
UHNW Families Adopt Stewardship Strategies, Says Nour Private Wealth
Nour Private Wealth (NPW) says a growing cohort of ultra‑high‑net‑worth families is moving from pure ownership to stewardship as a guiding principle. The shift emphasizes long‑term purpose, governance and ESG integration to protect wealth across generations in a volatile global...
Investors Hunt Oversold Stocks, Betting on Rebound
They are scraping the bottom of the barrel today for oversold shares...TOL OKLO ALK COMP UAL CCL etc...obviously hoping for a return to the normal... https://t.co/CIAW0wSd93
Benchmark Pays $42 Million for Upper West Side Apartment Complex
Benchmark Capital has closed a $42 million purchase of an Upper West Side apartment complex, underscoring continued investor appetite in New York's high‑priced multifamily market. The deal arrived amid a record‑busy 24‑hour window that saw 208 transactions total $396 million, highlighting the...
DSP CIO Anish Tawakley Calls Domestic Cyclicals India's Top Stock Bet Amid Global Volatility
DSP Mutual Fund’s chief investment officer Anish Tawakley told ET Now that, despite oil price swings, currency moves and West‑Asia tensions, India’s domestic cyclicals—especially financials, cement and automobiles—remain the best equity bet. He warned against capital‑market‑linked stocks and noted valuations are...
APAC Real Estate Investment Hits $60.2 B in Q1 2026 as Cap Rates Remain Stable
Asia‑Pacific real‑estate transaction volumes reached $60.2 billion in the first quarter of 2026, a 31% year‑over‑year rise and the strongest Q1 on record. Singapore led the surge with $14.7 billion of inflows, driven by an $8.2 billion asset transfer by Hongkong Land and...
NerdWallet Unveils Financial Resilience Index, Scores U.S. Households at 60.4
NerdWallet introduced its monthly Financial Resilience Index, giving the inaugural score of 60.4 out of 100. The index shows that two‑thirds of Americans anticipate a recession and more than a third will turn to credit to cover expenses, highlighting growing...
Indonesian President Announces Plan to Centralize Control of Key Commodity Exports
Indonesian President Prabowo Subianto announced a plan to place Indonesia’s key commodity exports—palm oil, thermal coal and nickel—under direct state control. A new sovereign‑wealth‑backed enterprise, Danantara Sumberdaya Indonesia, will own 99% of the export entity and exporters must deposit all...
Steel Output Surges While Scrap Prices Languish
U.S. steel production jumped 10.3% year‑over‑year in mid‑May 2026, pushing melt‑shop utilization to 82.2%. Despite the output surge, recycled steel prices remained flat, with No. 1 HMS down $8 per ton and No. 2 shredded scrap down $2 per ton. Hot‑rolled coil...
Point72 Posts 4.5% April Gain, Leads Multi‑strategy Hedge Fund Rally
Point72 recorded a 4.5% return in April and an 8.5% gain through early May, putting it ahead of major U.S. multi‑strategy rivals. The performance underscores the firm’s scalable pod structure and risk infrastructure amid a volatile market backdrop.
MSA Advisors Dumps $8.3 Million Vail Resorts Stake, Highlighting Ski‑Resort Lodging Uncertainty
MSA Advisors, LLC sold its entire 60,600‑share holding in Vail Resorts for an estimated $8.27 million, wiping out a 2% position in its portfolio. The sale comes as Vail’s stock has fallen 19% this year and 60% over five years, reflecting...
Stellantis Teams with Dongfeng in 51/49 EU JV to Launch Premium EVs
Stellantis N.V. announced a 51/49 joint venture with China’s Dongfeng Motor Group to market and manufacture Dongfeng’s Voyah premium new‑energy vehicles across Europe. The deal, sealed with a non‑binding MOU, will use Stellantis’ sales, distribution and after‑sales network and localize...
NVIDIA Q1 FY2027 Earnings Beat Forecasts, Shares Climb 1.4% After Hours
NVIDIA reported first‑quarter FY2027 earnings of $1.87 per share on $82 billion of revenue, beating analyst forecasts of $1.77 EPS and $79.19 billion revenue. The results sent the shares up 1.37% in after‑hours trading, reinforcing confidence in the company’s AI‑centric growth strategy.
U.S. Treasury Yields Hit Multi‑Year Peaks, Dragging Down U.S. and Australian Markets
U.S. Treasury yields jumped to 4.67% on the 10‑year and 5.18% on the 30‑year, their highest levels in years, prompting sharp declines in major equity indices on both sides of the Pacific. Analysts cite stubborn inflation, Fed rate‑risk and Middle‑East...
Global Wheat Futures Jump 12% as Middle East War Fuels Supply Fears
International wheat futures climbed 12.1% from $202 to $226 per ton between February and May as the prolonged Middle East war tightened global grain markets. South Korea responded by securing over 1.5 million tons of wheat and earmarking billions in funding...
KOSPI Slides Toward 7,000 Support as 20‑Day Moving Average Looms
The KOSPI closed at 7,271.66 points, a 3.25% drop, and is closing in on the 7,000 psychological support level and its 20‑day moving average of 7,070.2. Foreign investors have sold a cumulative 42.0 trillion won (≈$32 bn) over nine days, while retail...
Copart Inc (CPRT) Q3 2026 Earnings Call Transcript
Copart reported Q3 2026 consolidated revenue of $1.12 billion, a 3.6% decline year‑over‑year, though revenue rose 1.3% when catastrophic units are excluded. U.S. insurance volume fell 10.7% while average selling prices climbed 6% (9% excluding CAT), outpacing peers. The company leveraged...
NIO Inc (NIO) Q1 2026 Earnings Call Transcript
NIO reported Q1 2025 results showing a modest 4.1% year‑over‑year increase in deliveries to 42,094 vehicles, while revenue rose 21.5% YoY to RMB 12 billion but fell 38.9% quarter‑over‑quarter. Vehicle margin improved to 10.2% YoY, yet overall gross margin slipped from the...
Endava PLC (DAVA) Q3 2026 Earnings Call Transcript
Endava reported a 5.9% year‑over‑year revenue decline to £184.1 million in Q3 FY 2026, while adjusted profit before tax fell to £10.7 million and the adjusted PBT margin compressed to 5.8%. Management attributed margin pressure to a roughly 3% hit from heavy investment...
ROIC's Denominator: Net Assets vs Financing Mix
Michael Mauboussin on the 2 ways to calculate ROIC "You can think of invested capital, the denominator of the ROIC calculation, in two ways that are equivalent. The first is the net assets a company needs to generate NOPAT. The second...
True Compounding Requires Holding Investments for 7‑plus Years
I don't have an opinion on this trade, but I am reminded of the late Murray Stahl's observation that most investors have too short a holding period for true compounding to occur; that can happen only over periods longer than...
Crude Prices Plunge as More Tankers Traverse Strait
Crude oil benchmarks slumped on Wednesday as a surge of tankers cleared the Strait of Hormuz, lifting concerns over supply constraints. The increased flow signaled that more Iranian and global crude could reach markets, prompting a price drop of roughly...
Tech and SPY Close Above 5‑Day SMA, Retest Complete
MU, AMD, INTC, SPY all got close back above the 5 SMA. Minimum retest up is complete. https://t.co/u2IFcnVK20