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MARKET WRAP · May 13, 2026 · 21:15 UTC

▲ Malaysia: Manageable subsidy costs and resilient funding – BNP Paribas ▲ Forex Today:…

MARKET WRAP · May 13, 2026, 21:15 UTC · Risk 39.5/100

SPY +0.4% | QQQ +0.2% | VIX -0.7% | TLT -0.9% | DXY +0.2% | OIL -1.3%

Key indicators

Risk Gauge
39.5/100 (Low)

Closing Prices

SPY +0.4% | QQQ +0.2% | VIX -0.7% | TLT -0.9% | DXY +0.2% | OIL -1.3%

vs Morning

SPY +0.3% | QQQ +0.8% | VIX +1.5% | TLT +0.4% | DXY -0.2% | OIL -4.6%

Evening News

▲ Malaysia: Manageable subsidy costs and resilient funding – BNP Paribas ▲ Forex Today: Hot US inflation data lifts US Dollar as markets brace for Retail Sales and UK GDP ▲ Kevin Warsh confirmed as Fed chair amid pressure over rates and Fed independence ▲ ECB’s Lagarde Sees Make-or-Break Moment to Reform European Union ▲ Coinbase CEO Unpacks The Crypto Bill’s Biggest Promise For The US Financial System

Scenario Shifts

↑ Late Cycle · ↓ Goldilocks · ↑ Stagflation · ↑ Hegemony · ↑ Displacement

Regime Check

Risk Gauge: 39.5/100 (Low). Regime: EXPANSION.

Sector Close

Top sectors: COPX +4.9%, XLV +2.6%, XLP +1.6%, XLU -1.0%, URA -6.8%.

Upcoming — High Impact

[UK] GDP(MoM)(Mar) — May 14 06:00 UTC (prev: 0.5%) [UK] GDP(QoQ)(Preliminary)(Q1) — May 14 06:00 UTC (prev: 0.1%) [UK] GDP(YoY)(Preliminary)(Q1) — May 14 06:00 UTC (prev: 1.0%) [UK] NIESR Three-Month GDP Estimate (YoY)(Mar) — May 14 06:00 UTC (prev: 0.5%) [USA] Core retail sales (MoM)(Apr) — May 14 12:30 UTC (prev: 1.9%) [USA] Core retail sales (US$100 million)(Apr) — May 14 12:30 UTC (prev: 6124.36)

Contrarian

• Fed chair pressure might actually lead to more market-friendly policies than expected • Gold weakness on dollar strength could be temporary as geopolitical tensions remain elevated agentcanary.ai | Not financial advice