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MARKET WRAP · May 14, 2026 · 21:15 UTC

▼ Fed Governor Stephen Miran resigns ▲ Bitcoin trades at a 'discount' on Coinbase: Is a…

MARKET WRAP · May 14, 2026, 21:15 UTC · Risk 38.5/100

SPY +1.4% | QQQ +1.8% | VIX -3.4% | TLT -0.1% | DXY +0.4% | OIL +1.0%

Key indicators

Risk Gauge
38.5/100 (Low)

Closing Prices

SPY +1.4% | QQQ +1.8% | VIX -3.4% | TLT -0.1% | DXY +0.4% | OIL +1.0%

vs Morning

SPY +0.9% | QQQ +1.6% | VIX -2.7% | TLT +0.8% | DXY +0.2% | OIL +1.7%

Evening News

▼ Fed Governor Stephen Miran resigns ▲ Bitcoin trades at a 'discount' on Coinbase: Is a $76K retest next? ▲ Apollo’s Insurance Unit Is FHLB System’s Third-Biggest Borrower ▲ Crypto Rallies as Senate Committee Advances Market Structure Bill to Full Senate ▲ Volume Shows Big Players Are Reloading On Solana As They Push For 4-Month Highs

Scenario Shifts

↑ Late Cycle · ↑ Goldilocks · ↑ Stagflation · ↑ Displacement

Regime Check

Risk Gauge: 38.5/100 (Low). Regime: EXPANSION.

Sector Close

Top sectors: SMH +3.0%, XLK +2.5%, XLC +1.1%, COPX -1.5%, URA -3.4%. Sector dispersion: 72 (EXTREME, breadth SELECTIVE_STRENGTH), 63% positive 1w.

Upcoming — High Impact

[UK] GDP(MoM)(Feb) — May 15 06:00 UTC (prev: 0.0%) [ITA] Consumer Price Index (MoM)(Final)(Apr) — May 15 08:00 UTC (prev: 1.2%) [ITA] Consumer Price Index (YoY)(Final)(Apr) — May 15 08:00 UTC (prev: 1.7%) [ITA] Harmonized Consumer Price Index (MoM)(Final)(Apr) — May 15 08:00 UTC (prev: 2.8%) [ITA] Harmonized Consumer Price Index (YoY)(Final)(Apr) — May 15 08:00 UTC (prev: 2.9%) [USA] New York Federal Reserve Manufacturing Price Gain Index(May) — May 15 12:30 UTC (prev: 21.8)

Contrarian

• Fed leadership change might actually provide more dovish policy as markets are overly focused on inflation hawkishness rather than growth concerns • Crypto rally could be short-lived if institutional players are front-running regulatory approval that might not materialize as expected agentcanary.ai | Not financial advice