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MARKET WRAP · May 7, 2026 · 21:15 UTC

▲ Starmer braces for heavy Labour losses in elections as counting begins ▲ DraftKings…

MARKET WRAP · May 7, 2026, 21:15 UTC

▲ Starmer braces for heavy Labour losses in elections as counting begins ▲ DraftKings Profit Beats Estimates as Sportsbook Sales Grow ▲ Bitcoin falls under $80K but four-month high in weekly BTC ETF inflows may curb sell…

Closing Prices

BTC:

$79,884

· ETH:

$2,289

· SOL:

$88.09

· GOLD:

$4,708

· SPY:

$731.58

(+1.1%) · QQQ:

$694.94

(+2.0%) · VIX:

$17.08

(-1.8%) · TLT:

$85.65

(+0.3%) · DXY:

$98.24

(+0.2%) · OIL:

$97.66

(+2.7%)

Evening News

▲ Starmer braces for heavy Labour losses in elections as counting begins ▲ DraftKings Profit Beats Estimates as Sportsbook Sales Grow ▲ Bitcoin falls under $80K but four-month high in weekly BTC ETF inflows may curb selling ▲ Stellar expands role in crypto payments stack as Mesh selects it for settlement layer ▲ Banxico cuts rates 25 bps to 6.50% as expected ▲ US Consumer Borrowing Increased in March by Most Since 2022

Scenario Shifts

▲ Late Cycle: Strong consumer borrowing and crypto institutional adoption signal continued expansion ▲ Recession: UK political instability raises recession risks in major economy ▲ Goldilocks: US consumer strength, Mexico easing, and sector growth support soft landing narrative ▲ Displacement: Crypto payment infrastructure adoption shows technological disruption accelerating

Regime Check

Neutral · Neutral

· EXPANSION · Gauge: 43.2/100

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 Unseasonally Adjusted Consumer Price Index (YoY)(Apr) — May 13, 06:30 PM UTC (prev: 3.3%) 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%)

Contrarian

• Strong consumer borrowing might indicate desperation rather than confidence, suggesting upcoming cre • Crypto ETF inflows could be institutional distribution to retail, not genuine institutional adoption agentcanary.ai | Not financial advice