.

Laurie’s Abbreviation Index:

** ‘div’ – dividend

** ‘m/m’ – month over month

** ‘y/y’ – year over year

** ‘Inven’ – inventories

** ‘mfg’ – manufacturing ** +/- – plus or minus, positive or negative

** Underlined text – higher volume premarket

** ‘d’ – day

** ‘Y’ – year

**govt – government

Color Key: Positive – Neutral – Negative

Global Markets:  USA, Europe, Japan, China, Hong Kong – slight negative  set-up

      •        Commodities:  Gold, Silver, Copper,  Palladium, Oil, natgas, AGGS,  Bitcoin

      •        Yields: 30Y Bond -0.54%  Currencies:  USA$ +0.19% CAD +0.08% YEN +-0.39%  BTC/USD-0.94%  Vix:24.95

      •        Events:USA:CPI 830ET
Stock News:ORCL+9.5% FNV+2.2%  AVAV-10% GRPN-10% CPB-4%   Earnings  NVDA investing $2B in NBIS
Equity:  Global indices lower premarket ahead of USA CPI release.  USA small caps are lagging which is a risk off signal. Oil is remaining despite countries releasing strategic supplies which represent maybe 1 week of shipment through the Hormuz St. Equity market is now trading directly with oil intraday and so far there is no clear path to resolving the middle east war. Yields are rising (TLT lower) which suggests the bond market is trading for an inflation increase versus economic slowdown which aligns with the equity market holding up. MAGS are led by TSLA and NVDA and XLK is the leading S&P sector and XLF is lagging with concerns regarding private equity and rising bond volatility. ORCL higher post eps to the upper expected move which may provide a lift to software and AI if price can hold up in RTH.  NBIS higher with NVDA investing $2B in a continuation of circular financing which is lifting CRWV, IREN, *** CPI inline but 2.5% Y-Y Reaction TLT, SPY  lower ***   SPX 0DTE positioning is indicating a range 6850-6700 with largest position at 6850 and no large positions in between. FANG permian producer lower on a secondary may be worth a look.

      •       
Stock ORCL TSLA CF  CPB FANG    Speculative NBIS CRWV LITE
Indices /CL MSOS UNG IGV US$   SLV IBIT KWEB ETHE GDX IWM EFA ARKX TLT GLD XLF

S&P500 ORCL KMX NKE SNA CF AJG DTE PRU SJM   CPB FANG CTAS NWS FDX NEM HPQ PWR WYNN TXT
Other NBIS CRWV LI IREN VG XPEV TSM SHEL  AVAV HMY AG LITE

FANG

FANG is lower on a secondary offering. FANG is a bit more levered to oil vs the other big Permian names.. Potential BTD opportunity or a short put names. Caveat of course is will fluctuate with oil price but potential that world will be leaning on USA for oil production. Put wall is 170 which is a level that one can use as a reference.