The surprising resilience of the US economy confounded analysts of all shapes and sizes. Instead of wilting under the weight of high rates, the economy stayed "stronger for longer".

Stocks are on the rise today, with the Dow Jones Industrial Average on track for its fifth-straight daily win, while the S&P 500 and Nasdaq Composite eye their fourth consecutive daily gains.

Cotton was lower and trends are mixed in the market. Demand remains a problem.

Palantir's Q1 revenue grew 21% YoY, but its full-year guidance disappointed investors, causing the stock to fall over 14%.

Demand fell 5 percent to 1,102 tons. Including over-the-counter buying by investors, gold demand grew by 3 percent year-on-year, reaching 1,238 tons, according to data compiled by the World Gold Council.

A New York Fed survey shows 1-year and 3-year look ahead moving expectations are at record lows.

Personal consumption accounts for two-thirds of economic activity. Therefore, the means by which consumers can spend is essential for forecasting economic growth.

The US Dollar trades in the green though starts to ease again at the start of the US session. Traders are sending Greenback higher on a mixture of geopolitical fears and positive earnings.

S&P 500 made a very shallow premarket correction, 2y yield refused retreating, but it were cyclicals and semiconductors that pulled the 500-strong index up yesterday, completing the bullish turn on suppressed NFPs and dovish Powell.

Following a breakdown lower last week which saw BTC futures crashing through support at 60695, the market swiftly reversed higher as demand kicked in at the lows of the move.

Monday’s trading session was bullish, with the S&P 500 index gaining 1.03% and closing the highest since April 11. Last Friday, the index gained 1.3% following a 0.9% advance on Thursday.

The blue wave 4 triangle has been completed with confirmation above wave (B) high. Wave ‘5’ appears to have begun. Invalidation is now at wave (E) low. Price may retest toward the 30 major level before blue wave ’5’ continues.

At Monday's close, the Dow Jones (US30) Index added 0.46%, while the S&P 500 (US500) Index was up 1.46%. The NASDAQ Technology Index (US100) closed positive 1.19% yesterday.

Brent crude oil is seeing a slight increase on Tuesday, priced around $83.57 per barrel.

The Australian Dollar has come under pressure across early European trading on Tuesday as traders digest the latest monetary policy meeting from the RBA overnight.

USD/JPY extends gains for the second successive session, trading around 154.00 during the European hours.

The euro posted modest gains on Monday, just below the 3-week high reached last Friday. Some positive economic news supported the euro after the May Eurozone Sentix Investor Confidence Index rose more than expected to a 2-year high.

COST favors bullish weekly sequence & expect to remain supported in 3, 7 or 11 swings pullback to extend higher. Short term, it favors upside in ((3)) of III of (I).

The S&P 500 rallied early during the trading session on Monday, as it looked like money was flowing back into Wall Street and stocks overall.

The Walt Disney Company today reported some very disenchanting numbers in its second quarter 2024 financial results on May 7th, compared with the previous quarter and also the previous year.