Bitcoin

$80,611

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S&P 500

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Crude Oil

$102.21

+4.2% at open

Gold

$4,703

+0.3%

Must Know Today

PPI surged 1.4% vs 0.5% expected — 6% annual rate, biggest wholesale inflation jump since 2022; rate cuts off the table

WTI crude above $102 as US-Iran ceasefire declared 'on massive life support'; Strait of Hormuz closure risk lingers

Trump-Xi summit underway in China — markets watching for trade deal that could ease inflation narrative

Fed Chair Powell term ends May 15 — Senate set to vote on Kevin Warsh; new Fed era begins this week

Watch this week

Hot PPI + Iran-driven oil spike above $102 create a dual inflation shock with no Fed relief in sight. Powell exits May 15 and Warsh has signaled fewer communications — expect higher volatility as markets reprice the new Fed regime.