The Market Today
Sunday trading kicked off with a mixed macro backdrop. The S&P 500 (SPY) edged up +0.21% and the Nasdaq 100 (QQQ) gained +0.43%, buoyed by Taiwan Semiconductor raising its 2026 revenue forecast on surging AI demand. But beneath the calm surface, crypto is screaming fear: Bitcoin’s Fear & Greed Index sits at 21 — Extreme Fear — with BTC trapped in the $74,000–$76,000 resistance band. Meanwhile, Brent crude oil plunged over 11% this week after Iran reopened the Strait of Hormuz and Israel-Lebanon extended their ceasefire, crashing WTI to ~$84/bbl. Gold gave back some gains on Iran deal optimism but remains structurally supported by sticky inflation (March CPI 3.3%) and a hawkish Fed holding at 3.50%–3.75%.
