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MARKET WRAP · May 5, 2026 · 21:15 UTC

▲ Traders Ramp Up Bets Warsh’s Fed Could Hike Rates Before Cutting ▼ Strategy Q1 Loss…

MARKET WRAP · May 5, 2026, 21:15 UTC

▲ Traders Ramp Up Bets Warsh’s Fed Could Hike Rates Before Cutting ▼ Strategy Q1 Loss Widens On Higher Unrealized Bitcoin Losses ▼ MicroStrategy Posts $12.5 Billion Q1 2026 Loss on Bitcoin Slide ▲ XRP sentiment hits two-…

Closing Prices

BTC:

$81,633

· ETH:

$2,383

· SOL:

$86.6

· GOLD:

$4,553

· SPY:

$723.77

(+0.4%) · QQQ:

$681.61

(+1.1%) · VIX:

$17.38

(-5.0%) · TLT:

$85.43

(-0.2%) · DXY:

$98.49

(+0.0%) · OIL:

$102.68

(-3.5%)

Evening News

▲ Traders Ramp Up Bets Warsh’s Fed Could Hike Rates Before Cutting ▼ Strategy Q1 Loss Widens On Higher Unrealized Bitcoin Losses ▼ MicroStrategy Posts $12.5 Billion Q1 2026 Loss on Bitcoin Slide ▲ XRP sentiment hits two-year high with Rakuten Wallet integration ▲ India’s Modi celebrates a return to dominance ▲ Indonesia: Growth outlook steady with fiscal constraints – UOB

Scenario Shifts

▲ Late Cycle: Fed hawkishness and bond attractiveness signal late-cycle dynamics ▼ Goldilocks: Fed pivot toward hawkishness reduces soft landing probability ▲ Stagflation: EM inflation surge and potential Fed hikes amid growth ▲ Displacement: Continued crypto institutional adoption despite volatility

Regime Check

Neutral · Neutral

· OVERHEATING · Gauge: 48.1/100

Upcoming — High Impact

US Federal Funds Benchmark Rate — May 15, 07:00 PM UTC (prev: 3.50% - 3.75%) US Retail sales (MoM)(Apr) — May 14, 12:30 PM UTC (prev: 1.7%) US Producer Price Index (YoY)(Apr) — May 13, 12:30 PM UTC (prev: 4.0%) EU GDP(YoY) (Revised) (Q1) — May 13, 09:00 AM UTC (prev: 0.8%) EU GDP(QoQ) (Revised) (Q1) — May 13, 09:00 AM UTC (prev: 0.1%) US Core Consumer Price Index (Unseasonally Adjusted) (YoY)(Apr) — May 12, 12:30 PM UTC (prev: 2.6%)

Contrarian

• MicroStrategy's massive Bitcoin losses might actually signal a buying opportunity as weak hands capi • The Fed hawkish pivot expectations could be overblown given that actual policy changes haven't occur agentcanary.ai | Not financial advice