🇺🇸 Markets on Monday #dowjones +0.75% #nasdaq +1.5% S&P500 +0.94% BUT US Futures sulk as traders eye conflict between Israel and Iran! Trump said in a Truth Social post that “Everyone should immediately evacuate Tehran.” Stocks in focus 🚀 Meta Platforms +3%, bolstered by news that ads are coming to WhatsApp 🚀 Palantir +3%, viewed as a beneficiary of increasing global conflict 🇮🇷 vs 🇮🇱 Traders have been closely watching the Middle East after Israel’s strike on Iran. Iran launched missiles in retaliation, increasing the severity of conflict in the region Attacks continued for a fourth day , with the two countries targeting each others’ energy facilities! 🇮🇷 Iran said it is considering shutting down the Strait of Hormuz, a key route for the global oil market 🇮🇱 Israel claimed to have achieved “aerial superiority” over Iran Reports suggested Iran asked several countries, including Saudi Arabia, to urge President Donald Trump to put pressure on Israel for an immediate ceasefire Source: NBC News 🇺🇸 Economic Data - Investors also digested weaker-than-expected manufacturing survey data What to track on Tuesday? 1️⃣ May’s retail sales data 2️⃣ Start of Fed Meet, rate policy decision due on Wednesday! Fed funds futures are pricing in a roughly 100% likelihood of the central bank keeping rates unchanged Source: CME Group’s FedWatch tool Other Asset Classes 🇺🇸 10-year Treasury yield at 4.43% 💲Dollar Index bounces to 97.8 ⛽️ Brent Crude hovers around 73.5$/barrel 💸 Bitcoin jumps to 107190$ 🪙 Gold at 3,400$/ounce