Library · Briefings

Daily Pour.
Markets, served fresh.

A daily five-minute briefing on the moves that matter — indices, commodities, FX and the calendar shaping the week ahead.

47 briefings Published every weekday RSS feed

May 2026 (12)

12 May Tue "On life support" — and the S&P still printed a record Vault Wealth Double Espresso for Tuesday, 12 May 2026. Trump declared the Iran ceasefire "on life support" Monday afternoon. Brent settled +3% at $104.30. The S&P, Nasdaq and Russell all closed at fresh ATHs anyway. Today: Warsh's full-Senate vote, the 30-year holding above 5.05%, and a CPI print 24 hours out.
11 May Mon Iran answered, Trump rejected — the bracket is back on Vault Wealth Cortado for Monday, 11 May 2026. Tehran's written response reached Washington via Pakistan Saturday — uranium transfer offered, facility dismantlement refused. Trump called it 'totally unacceptable'. Brent +3.5% in Sun-night futures, US futures −0.3%, KOSPI opened at a fresh ATH. Vol. 9 starts at the wrong end of the regime gauge.
10 May Sun A week of records on top of a week that almost wasn't Vault Wealth Cappuccino for Sunday, 10 May 2026 — the Vol. 8 wrap. Three S&P records in five sessions, the Nasdaq's biggest week since November (+4.86%), Brent's −5.91% round-trip from a Monday Hormuz spike, an Iran written response now overdue on the 1-page MoU, a hot April NFP print, and Powell's measured Hoover valedictory.
9 May Sat Records on a hot NFP — and the geopolitics that couldn't matter less Vault Wealth Double Espresso Saturday recap for 09 May 2026. April payrolls printed +115K vs 65K consensus, the S&P closed at 7,398.93 and the Nasdaq at 26,247.08 — fresh all-time highs for the third time in five sessions. VIX collapsed to 13.78. AMD finished the week +25%; SOX +7.4%. Brent ended −6% on the week despite a +1% Friday lift on a tanker incident. The US disabled two Iranian tankers; the UAE intercepted a second salvo. The April-8 ceasefire formally held.
8 May Fri Iran's silence — and a market that has already moved on Vault Wealth Double Espresso for Friday, 08 May 2026. The 48-hour Iran response window passed without a reply. Brent gave up another 4% to $103.40 as deal-fade priced in, the S&P slipped 0.38% from Wednesday's all-time high, NVDA printed a fresh ATH on the AMD read-through, and Powell takes the podium at 14:00 ET for what is widely expected to be his final public remarks before the 15 May handover.
7 May Thu Records on records — AMD +18.6% drags the Nasdaq through 25,800 Vault Wealth Double Espresso for Thursday, 07 May 2026. A 1-page MoU framework, $715B of 2026 hyperscaler capex, and a chip designer that just guided +46% YoY into Q2. The S&P printed back-to-back records at 7,365.12, the Nasdaq punched through 25,800 on its biggest day in six weeks, and AMD ripped 18.61% — its largest single-session move since 2022. Trump's bombing threat sits in the background; markets have decided to discount it.
6 May Wed Trump pauses Project Freedom — and markets call the truce Vault Wealth Double Espresso for Wednesday, 06 May 2026. A 24-hour round-trip: Brent gave back nearly all of Monday’s spike, the S&P printed a fresh ATH at 7,259.22, the VIX collapsed −10.8% to 15.92, and AMD’s Q1 blowout (data-centre +57% YoY, Q2 guide $11.2bn) reignited the AI capex thesis after the close.
5 May Tue Iran strikes the UAE overnight; the US fights to reopen Hormuz Vault Wealth Double Espresso for Tuesday, 05 May 2026. UAE air defences engaged a 19-projectile salvo; the US Navy sank six Iranian boats in the Strait under 'Project Freedom'. Brent +5.8% to $114.44, S&P −0.41% to 7,200.75 — a clean risk-off open to May. Hormuz throughput collapsed back into single digits.
4 May Mon Vol. 8 opens — NFP Friday, OPEC+ mid-May, NVIDIA on the 20th Vault Wealth Cortado for Monday, 04 May 2026. Vol. 8 opens with one developing diplomatic input and a forward-loaded earnings calendar. Iran sent an updated peace proposal to Pakistani mediators late Friday; Trump replied 'not satisfied'. Sunday-night futures point modestly lower; Brent above $109. The week ahead is light Mon–Wed, then Friday's April NFP. Three scenarios mapped inside.
3 May Sun The week, distilled — the first Aperitif Vault Wealth Aperitif for Sunday, 03 May 2026 — a reflective weekly review that closes Vol. 7. Five winning weeks running, the S&P's strongest month since 2020, and an unusually shock-rich middle: an 8–4 FOMC dissent (most contested since 1992), a Mag-4 capex split that resolved on quality, Apple's Q2 record + $100bn buyback, and a Brent round-trip from $107 through a $126 wartime high to $108 as Iran's peace proposal hit the wires.
2 May Sat The week closed where it ran — Apple +3%, Brent eased, fifth winning week Vault Wealth Saturday recap for 02 May 2026. Friday added a fifth consecutive winning week. S&P +0.29% to a fresh ATH 7,230.12; Nasdaq +0.89% to 25,114.44 (also fresh ATH); Dow eased −0.31%. Apple jumped +3% on Q2 FY26 revenue $111.2bn (+17% y/y), iPhone $56.99bn (+22%), services a record $30.98bn, plus a $100bn buyback authorisation. Brent fell to $108.17 (−1.7%) on a fresh Iran peace proposal.
1 May Fri April closes at a record — Apple beat, Brent round-trip, NFP today Vault Wealth Double Espresso for Friday, 01 May 2026. April closed at a record — S&P +1.02% to a fresh ATH 7,209.01, the strongest month since 2020. Apple delivered a clean Q2 FY26 beat (rev $111.18bn, EPS $2.01, services $30.98bn); AAPL AH +1.9%. Brent had a wild round-trip Thursday — peaked $126 intraday on Trump's blockade language, closed $114.01 (-3.4%). Q1 GDP soft (+2.0%), March core PCE warm (+0.3% m/m). Today: April NFP, ISM Manufacturing, UAE first day outside OPEC.

April 2026 (25)

March 2026 (10)