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TRADERS & QUANTS — SATURDAY RECAP

May 23, 2026

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6 min read

TRADERS & QUANTS — SATURDAY RECAP

The bond market hit 2007 levels. Nvidia beat everything and fell anyway. Walmart took a $175 million fuel hit and warned it gets worse. Three tankers crossed Hormuz and moved more markets than two CPI reports. The week ended with the AI trade intact, the consumer cracking, and the biggest IPO wave in a generation about to pull capital from everything else.

Warsh Sworn In | Hedge Fund Shorts | The War Premium

May 22, 2026

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5 min read

Warsh Sworn In | Hedge Fund Shorts | The War Premium

Consumer sentiment fell to 44.8, a fresh all-time low. Kevin Warsh was sworn in at the White House. Hedge fund shorts hit a 10-year high. The Dow hit a record. The week ends with the rally narrower than it looks.

Walmart Shows the War Bill | $2B Quantum Bet | Uranium Directive Flips Oil | The AI Trade Splits in Two

May 22, 2026

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6 min read

Walmart Shows the War Bill | $2B Quantum Bet | Uranium Directive Flips Oil | The AI Trade Splits in Two

Walmart took a $175 million fuel cost hit and warned it's getting worse. The Iran war premium isn't just in crude anymore. It's in the margins of the country's largest retailer. That crossed a line this week that most investors haven't drawn yet.

Walmart Guidance Flat | Philly Fed Collapsed | Nvidia Fell Again

May 21, 2026

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5 min read

Walmart Guidance Flat | Philly Fed Collapsed | Nvidia Fell Again

Walmart left full-year guidance unchanged. The Philly Fed crashed. SpaceX filed with a $26.5 trillion AI market estimate. Nvidia beat everything and fell anyway.

Nvidia Beats, Market Shrugs | Oil Crashes on Iran Hope | Four Dissents at Powell's Last Fed | SpaceX Files the Biggest IPO Ever

May 21, 2026

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6 min read

Nvidia Beats, Market Shrugs | Oil Crashes on Iran Hope | Four Dissents at Powell's Last Fed | SpaceX Files the Biggest IPO Ever

Nvidia topped estimates on every line, raised guidance, and launched a new share repurchase. The stock dropped after hours for the fourth straight quarter. When the largest AI chip company on earth can't get a post-earnings pop, the market is telling you the discount rate matters more than the growth rate.

Oil Traders Under Investigation | Tankers Crossed Hormuz | Target Beat

May 20, 2026

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5 min read

Oil Traders Under Investigation | Tankers Crossed Hormuz | Target Beat

Three oil tankers crossed Hormuz overnight. Target beat its best quarter in years then warned Q2 looks different. The CFTC opened a probe into $800 million in oil trades. Nvidia reports tonight.

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