Key Events This Week: ├📁May ISM Manufacturing PMI data - Monday ├📁April JOLTS Job Openings data - Tuesday ├📁May ISM Non-Manufacturing PMI data - Wednesday ├📁Initial Jobless Claims data -
├📁May ISM Manufacturing PMI data - Monday
├📁April JOLTS Job Openings data - Tuesday
├📁May ISM Non-Manufacturing PMI data - Wednesday
├📁Initial Jobless Claims data - Thursday
├📁May Jobs Report - Friday
Total of 7 Fed Speaker Events This Week
• Equities rebounded on news reports the US and Iran have reached a tentative deal to extend a ceasefire by 60 days and launch further talks on Tehran’s nuclear program.
• Bitcoin traded lower on Sunday, sitting at $73,402.27, well off its all-time high of $111,970 reached in May 2025. Despite the dip, CME Group launched round-the-clock trading for its cryptocurrency futures and options products, and Ark Invest's Cathie Wood has revised her long-term BTC price target upward to $1.25 million.
• Artificial intelligence stocks have surged 36.2% over the past two months compared to just 5.3% for the broader S&P 500 index, raising concerns about market fragility and concentration. In mid-May, a rare divergence emerged where 5% of S&P 500 components hit 52-week lows even as the overall index reached an all-time high.
• Crude oil fell to $87.36 as optimism around U.S.-Iran peace negotiations eased some safe-haven and supply-risk demand. However, Exxon Mobil warned that oil inventory is "really low" and prices could spike in weeks, while the White House downplayed concerns, insisting supply remains ample.
