Trade deal

U.S. and China form an alliance to pause tariffs and reach a mutually beneficial trade deal for both economies

Good Morning Substack,

Over the weekend, the White House announced it had reached a trade deal with China, agreeing to ditch the tariffs and end the recently sparked trade war.

Global equity futures shot higher worldwide as global investors celebrated the world’s two largest economies working together.

Stock Market futures via CNN

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Economic Calendar

• Monday, May 12

  • Monthly U.S. Federal Budget

• Tuesday, May 13

  • NFIB optimism index

  • CPI / YoY

  • Core CPI / YoY

• Wednesday, May 14

  • 3 Fed Speakers

    • 2 during pre-market

    • 1 After the market closes

• Thursday, May 15 ⭐️

  • Initial jobless claims

  • U.S. Retail Sales

  • Retail sales minus autos

  • Producer price index / YoY

  • Core PPI / YoY

  • Empire State manufacturing survey

  • Philadelphia Fed manufacturing survey

  • ⭐️ Fed Chair Jerome Powell Speaks ⭐️ 8:40 am EST

  • Industrial production

  • Capacity Utilization

  • Business inventories

  • Home builder confidence index

• Friday, May 16

  • Import price index

  • Import price index minus fuel

  • Housing starts

  • Building permits

  • Consumer sentiment (preliminary)

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Earnings Calendar

Most anticipated earnings the week of May 12, 2025 via eWhispers on X

• Tuesday, May 13

  • JD

    • 

      JD net Δ (right) and net Γ (left) via Vexly

      • JD earnings pivots

        • Long >34, 35

          • Both positive gamma and delta exposure will remain in control above the spots

            • Target 38

  • SE

  • HMC

  • UAA

• Wednesday, May 14

  • SONY

  • CSCO

Thursday, May 15

• BABA

  • 

    BABA net Γ via Vexly

  • BABA earnings pivot

    • 135

      • Long above

        • Targets 140, 143

      • Short below

        • Target 130

• WMT