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MACRO RADAR · May 12, 2026 · 03:15 UTC

· EXPANSION · Gauge: 36.5/100 • BTC:

MACRO RADAR · May 12, 2026, 03:15 UTC

(YoY -3.05%) US M2: $22.69T (YoY +4.57%) ▲ HY Credit Spreads:

Key indicators

US M2
$22.69T (YoY +4.57%)

Risk-on · Neutral

· EXPANSION · Gauge: 36.5/100 • BTC:

$81,204

• ETH:

$2,314

• SOL:

$96.5

• GOLD:

$4,734

SPY:

$739.3

(+1.1%) QQQ:

$713.29

(+2.6%) VIX:

18.4

(+6.9%) TLT:

$85.56

(-0.1%) DXY:

98.1

(+0.3%) OIL:

$99.06

(+1.0%)

Liquidity & Credit

▼ Global CB Liquidity:

$18.24t

(YoY -3.05%) US M2: $22.69T (YoY +4.57%) ▲ HY Credit Spreads:

279bps

CALM (5d: -4bps)

Notable Z-scores

▼ Silver: +2.61σ — WTI Crude Oil: +1.43σ — Fed Balance Sheet: +1.42σ — VIX: -1.41σ — 2Y Treasury: +1.38σ

Overnight vs US Close

▲ NVDA: +18.9% ▼ SOL: -1.2% ▼ ETH: -1.0% ▼ BTC: -0.7%

Top Movers

▼ TKMS $73.50 (-10.4%) ▲ EWY $193 (+9.1%) ▲ SLV $78.00 (+8.9%) ▲ SOXX $533 (+8.2%) ▲ VIX $18.38 (+6.9%) ▼ PUMP $0.002042 (-2.8%) ▼ ENA $0.1264 (-2.6%) ▼ DASH $45.60 (-2.6%)

Hegemony Snapback

▲: 0.5/6 —

Normal

If the US topples adversarial regimes and reasserts hegemony, the multipolar mega-trade reverses — stronger dollar, weaker gold, short rates, and EM rotation unwinds — Oil: $110 (>$95) agentcanary.ai | Not financial advice