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MARKET WRAP · May 12, 2026 · 21:15 UTC

▲ Bond Bears Reload Fed Rate Hike Wagers on Stubborn Inflation ▲ Taiwan: Mild tightening…

MARKET WRAP · May 12, 2026, 21:15 UTC

▲ Bond Bears Reload Fed Rate Hike Wagers on Stubborn Inflation ▲ Taiwan: Mild tightening path revised – DBS ▲ Bitcoin Suisse Expands Global Footprint with Regulatory Approvals in Bermuda ▲ Forex Today: Hot US CPI boosts…

Closing Prices

BTC:

$80,664

· ETH:

$2,284

· SOL:

$94.7

· GOLD:

$4,714

· SPY:

$738.18

(+0.1%) · QQQ:

$707.24

(-0.6%) · VIX:

$17.99

(-2.1%) · TLT:

$84.99

(-1.3%) · DXY:

$98.32

(+0.4%) · OIL:

$102.05

(+4.1%)

Evening News

▲ Bond Bears Reload Fed Rate Hike Wagers on Stubborn Inflation ▲ Taiwan: Mild tightening path revised – DBS ▲ Bitcoin Suisse Expands Global Footprint with Regulatory Approvals in Bermuda ▲ Forex Today: Hot US CPI boosts US Dollar as Treasury yields climb ▼ Fed: Neutral stance as inflation stabilizes – TD Securities ▲ Cantor8 Doubles Down on Africa, Targeting Mobile Money Growth Through Yiksi Limited

Scenario Shifts

▲ Late Cycle: Fed repricing and Asian tightening signal mature cycle dynamics ▼ Goldilocks: Hot inflation data undermines soft landing narrative ▲ Stagflation: Persistent inflation despite growth concerns gaining traction ▲ Displacement: Continued crypto and fintech infrastructure buildout

Regime Check

Risk-on · Neutral

· EXPANSION · Gauge: 36.5/100

Upcoming — High Impact

US University of Michigan Consumer Confidence Index (Final)(May) — May 22, 02:00 PM UTC (prev: 48.2) National Consumer Price Index (YoY)(Apr) — May 21, 11:30 PM UTC (prev: 1.5%) EU Markit Manufacturing Purchasing Managers Index (Preliminary)(May) — May 21, 08:00 AM UTC (prev: 52.2) Seasonally adjusted unemployment rate(Apr) — May 21, 01:30 AM UTC (prev: 4.3%) EU Consumer Price Index (YoY)(Final)(Apr) — May 20, 09:00 AM UTC (prev: 3.0%) EU Consumer Price Index (MoM)(Final)(Apr) — May 20, 09:00 AM UTC (prev: 1.0%)

Contrarian

• Market may be overreacting to single CPI print while Fed maintains measured approach • Asian tightening could prove more supportive for regional currencies than feared agentcanary.ai | Not financial advice