emilyvuong

🚨A WEEK FULL OF UPHEAVAL COMING SOON
📌 Monday: Kevin Warsh officially becomes the new Fed Chair
📌 Tuesday: The US releases CPI
📌 Wednesday: The new Fed Chair delivers remarks
📌 Thursday: The Fed updates its balance sheet
📌 Friday: Trump and Xi hold an official meeting in Beijing.
A week with too many important events.

Despite the sensational headlines on X, the market is not reacting to the rumors about "Hantavirus".
Polymarket is pricing only an 8% chance that #Hantavirus will become a "pandemic" by 2026.

🚨 @Circle raises funding $222M for Layer-1 Arc, valuing FDV at $3B
📌 Circle—the issuer of USDC—has just successfully raised $222M through the ARC token presale, the native token of the Layer-1 blockchain Arc.
📌 This round brings Arc’s FDV to approximately $3B, making it one of the largest fundraising deals in crypto in 2026 to date. The funding round was led by a16z with $75M, with participation from BlackRock, Apollo Funds, Intercontinental Exchange (the parent company of NYSE), SBI Group, Standard Chartered Ventures, ARK Invest, Haun Ventures, and many other major funds.
📌 Arc is

📍China's crude oil imports in April decreased by 20% MoM to 8.2 million barrels per day — the lowest level in over 2 years.
📌Compared to the pre-war period, import volumes have decreased by approximately 30%, equivalent to 3.5 million barrels per day from the 11.7 million barrels per day level.
📌This figure is nearly equal to Japan's entire daily oil consumption, and twice the amount of oil passing through the UAE pipeline to avoid the Strait of Hormuz.
📌Notably, Chinese oil companies are also reselling crude oil to Europe and even Asia. This indicates that China's inventories remain

🔥 Defensive stock interest is at its lowest level in decades. The whole world is caught up in the AI frenzy.
📌 The defensive stock segment has never been ignored like it is right now:
- The Healthcare sector currently makes up only 8.3% of the S&P 500’s market capitalization—the lowest since 1994.
- This share has fallen by about -50% since 2022.
At the peak of the Dot-Com bubble in 2000, healthcare still accounted for roughly 9% of the index’s value. That means the market is now valuing the defensive sector even lower than during the most extreme tech boom period in history.
📌 Co

📍Coinbase missed expectations in Q1, the downtrend has caused the company to incur heavy losses
📌Coinbase reports Q1/2026 worse than expected as the crypto market experiences high volatility, leading to weakened spot trading activities.
📌 Total revenue only reached $1.40B (forecast around $1.49B-$1.56B).
Trading revenue reached $755.8M, below the expected $805.2M and sharply down compared to the same period -> This remains Coinbase's core business, so when spot volume declines, the entire report immediately worsens.
📌 Subscription & services revenue reached $583.5M, also below the

📍NFP in April again exceeds forecasts
📌U.S. non-farm payrolls in April increased by +115K jobs (far above the forecast of only +65K).
March was revised from +178K to +185K, but February was revised downward from -133K to -156K.
The total for the 2 months was adjusted lower than the previous report by -16K.
📌Job gains came mainly from defense and service sectors, such as education - healthcare +46K, transportation - warehousing +30K, retail +22K, and entertainment - lodging +14K.
More cyclical-sensitive sectors weakened: finance -11K, government -9K, manufacturing -2K.
Government

💥Micheal Burry - the legendary short seller says the market is resembling the period a few months before the dot-com bubble burst

📍First time in history, SPX call options in ONE DAY reached $2.6T
📌The total notional value of traded call options reached approximately $2.6 trillion. Among them, 0DTE volume accounts for about 59%, meaning most of the money is going into short-term options.
📌However, this $2.6T is not real money used to buy stocks but the notional value of options linked to the SPX index -> it is speculative.
📌When many people buy calls, market makers are the sellers of calls, so they have to hedge their risk.
If market makers are in a short gamma position, the more SPX rises, the more they have

📍EU still at an impasse in trade negotiations with the US
📌 Previously, Trump warned that a 25% tariff could be imposed on European cars if the EU does not implement the transatlantic trade agreement.
📌 According to the preliminary agreement in July, the EU will remove tariffs on American industrial goods. In return, the US will impose a 15% tariff cap on most EU goods.
📌 The process remains stalled due to ongoing disputes over protection clauses if the US continues to impose new tariffs.
=> If negotiations continue to be deadlocked, the European auto industry could be the first ta

📍ADP April: U.S. private employment increases for the 10th consecutive month
📌U.S. private sector +109K jobs in April, below the forecast of 120K, but still the largest increase since 01/2025. March data was slightly revised from +62K to +61K.
-> This is the 10th consecutive month of growth, indicating the U.S. labor market remains stable, even though the pace of hiring has cooled.
📌 Services continue to be the main support +94K, only professional/business services -8K. The professional/business services group typically reflects demand for office, consulting, administrative, and cycli

The reason Vietnam will continue to take a stronger stance on intellectual property rights
The USTR just announced the Special 301 Report 2026, in which Vietnam is classified as a Priority Foreign Country - PFC, the highest warning level for IP protection and enforcement.
For the first time in 13 years, the U.S. has placed a trade partner in this group (the last was Ukraine).
USTR provides the basis for ranking Vietnam on this list:
- Not sufficiently and consistently enforcing online copyright violations
- Not adequately addressing counterfeit goods and trademark infringement
- In

💥This is not a meme coin chart but the KOSPI Index of South Korea.
The dot-com bubble is not old enough for comparison.
The entire index has increased by 220% in less than 12 months.

📍JOLTS March: The biggest hiring wave since COVID
📌 Job openings reached 6.866M - close to forecasts. February was revised upward from 6.882M to 6.922M. The job opening rate decreased from 4.2% to 4.1%.
📌 The most notable point is in hiring:
- The number of hires in March surged to 5.554M, an increase of +655K MoM. The hiring rate rose from 3.1% to 3.5%.
- This is the strongest increase since COVID. Excluding COVID factors, March 2026 is the month with the strongest hiring in JOLTS history.
📌 The sectors driving increased hiring include: Transportation: +108K, Professional servic

🇺🇸The first U.S. ship departs from Hormuz
📌 Maersk confirms that the Alliance Fairfax vessel—an automobile carrier flying the U.S. flag—has left the Persian Gulf via the Strait of Hormuz under the escort of the U.S. military.
📌 CENTCOM says that 2 U.S.-flagged commercial ships successfully transited Hormuz as part of the Project Freedom operation. Maersk has only confirmed 1 ship so far; the identity of the other has not been disclosed.
📌 The ships transited safely with no damage, and the crew were not injured.
📌 Iran is facing increasingly fewer options—responding with enough st

U.S. oil exports just hit a record high of 6.4 million barrels per day.
Meanwhile, U.S. oil imports continue to decline to record lows.

📍Tether bought an additional 6 tons of gold in Q1/2026, raising the total holdings to a record 132 tons, worth approximately $19.8 billion.
Previously, Tether purchased an additional +21 tons of gold in Q4/2025 and +26 tons in Q3/2025. In just 12 months, Tether's gold holdings have doubled.
In terms of value, this figure has nearly tripled.
In 2025, Tether bought more gold than all central banks except Poland.
In Q1/2026 alone, only four central banks bought more gold than Tether: Poland, Uzbekistan, Kazakhstan, and China.
Tether is directly competing with central banks in the gold

📍Inflation PCE rises sharply for the first time since 2023
📌 Headline PCE increases +0.7% MoM and +3.5% YoY - the highest since May 2023.
- The strongest increase in nearly 3 years causes Wall Street to reconsider the story of “disinflation moving in the right direction.”
- The main contributor to the rise is gasoline and energy goods. Spending on gasoline and other energy goods increased to $81.3 billion - the highest among March expenditure categories.
📌 Core PCE is also quite bad: up +0.3% MoM and +3.2% YoY - exactly as expected but higher than the previous month.
📌 Supercore