Al Arabiya reported Iran proposed a long-term nuclear freeze instead of full dismantlement. Stocks turned slightly positive. WTI still sits above $105. The S&P fell slightly. The Nasdaq dropped. The Dow gained a little.

The Iran headline matters not because it resolves anything but because of how little the market needed. A second-hand report from state TV moved prices after eight weeks of stalemate. That fragility is the real signal right now.

The week's actual test has nothing to do with Iran. Home Depot (HD) reports tomorrow. Nvidia (NVDA) reports Wednesday. Both arrive with the 10-year yield at 4.59 percent, through the 4.50 threshold that has capped it twice this year.

The market is priced for resolution and living in stalemate. Two macro forces are running simultaneously. The Iran trade keeps WTI above $100 and real borrowing costs elevated every day the Strait stays closed. The Japan carry trade unwind pushes US long-end yields higher regardless of any Iran deal. Both are live. Neither is noise.

People think he's crazy. 

But Adam O'Dell says he's already deployed 4,000 units of his solution across 14 states — and used them to power the largest supercomputer on the planet.

With Microsoft, Amazon, Google and Facebook set to spend $680 billion this year on AI data centers that can't get enough power to run, Elon's solution is about to be in extraordinary demand.

Go here now to see how he's going to do it — and get one of Adam's top picks to play it absolutely free.

NextEra Energy (NEE) is buying Dominion Energy (D) in a $67 billion all-stock deal that would create the largest regulated electric utility in the world. Dominion rose sharply. NextEra fell on dilution concerns.

The deal is explicitly driven by AI data center electricity demand. NextEra controls territory in Florida, the Carolinas, and Virginia, some of the fastest-growing data center corridors in the country. This is not an energy trade dressed up as M&A. It is an AI infrastructure trade done through utility acquisition.

The size is the statement. Committing $67 billion with bond yields at multi-year highs means NextEra is pricing AI electricity demand as a decade-long structural shift, not a cyclical bump. Every chip headline covers the silicon layer of the AI buildout. Almost none of them price the power layer the way this deal does.

When a company bets $67 billion on electricity demand into the highest utility borrowing costs in years, it is telling you something the chip stocks cannot.

NextEra's selloff on dilution concerns is the entry point, not the exit. Own the utility infrastructure layer of the AI trade. It is the most underpriced component of the buildout and this deal just made that impossible to ignore.

Eleven weeks into the war, US consumers are spending $800 million more per day on gasoline and diesel than a year ago. The cumulative extra cost is roughly $45 billion. That money came out of discretionary spending. It has not fully shown up in retail data yet but it will.

At the same time, the S&P 500's dividend yield just hit 1.027%, its lowest since the dotcom bubble in 2000. The index is priced for so much future growth that current income is almost irrelevant. The last time the yield was this low, the Nasdaq fell 75% over the following two years. That is context, not a forecast.

The tension is real. The market is priced for an AI growth future that justifies near-zero current income. The fuel bill is $45 billion and climbing. Both cannot be true indefinitely. Either AI growth arrives faster than the energy cost erodes spending, or it doesn't.

Retail earnings this week are the first clean read on how the $45 billion fuel bill has transmitted into actual spending behavior. A dividend yield at 25-year lows with rising real yields and a growing consumer drag is the tension the market is currently choosing to ignore.

Med-X is moving toward a possible Nasdaq listing (ticker: MXRX) - and once that happens, the early window closes.

Before Wall Street prices it in, Med-X has already generated $6.4M in sales, placed Nature-Cide on Amazon.com, Walmart.com, and Kroger.com, and begun expanding into 41+ global markets.

Florida's mosquito control districts-America's most well-funded and influential-are independently testing Nature-Cide botanical pesticides, as Med-X pursues WHO pre-qualification for global public health adoption.

This is the gap before the bell.

Review the Med-X opportunity now - before Nasdaq plans unfold.

Disclosures:This is a paid advertisement for Med-X's Regulation A+ Offering. Please read the offering circular at invest.medx-rx.com

Japan's 30-year government bond hit an all-time high yield. The 10-year hit its highest since 1997. Japan's five-year inflation expectation is now higher than the equivalent US measure. 

That is a regime change in the world's third-largest economy and it has direct consequences for global capital flows.

Here is why it matters for US investors. Japan has been the world's largest source of cheap capital for decades. Japanese investors borrowed in yen at near-zero rates and bought higher-yielding assets globally. When Japanese yields rise, that capital flows back home. That pushes up global yields including US Treasuries, regardless of what the Fed does.

Japan's government is also borrowing more to subsidize energy costs. More borrowing means more bonds. More bonds push yields higher. The yen strengthens. Carry trades unwind. US long-end yields feel the pressure from Tokyo.

The deflation era in Japan is over. When the country that held global yields down for two decades reverses course, the effects are not contained to Tokyo.

The carry trade unwind builds over weeks, not days. Watch the yen against the dollar as the leading indicator. A strengthening yen signals capital flowing home and correlates with US long-end pressure. Own shorter duration into this dynamic.

Berkshire Hathaway eliminated its entire UnitedHealth (UNH) stake. The stock fell. Berkshire also disclosed new stakes in Delta Air Lines (DAL) and Macy's (M). The Macy's entry reads as a bet that the value consumer holds longer than the market currently prices. The Delta entry is Greg Abel's first airline bet since Buffett famously exited the sector during COVID. Abel is betting jet fuel costs are temporary. The bond market disagrees.

China agreed to buy $17 billion in US agricultural goods through 2028 as the most concrete deliverable from the Beijing summit. Corn, wheat, and soybean futures rose. This does not address Hormuz, chips, or Taiwan. But it confirms both countries are still willing to transact under current tensions.

Warren Buffett famously said, “If you don't find a way to make money while you sleep, you will work until you die.”

What if your phone could do it for you? 📲

That’s exactly what Mode Mobile has created — technology that turns idle phone time into passive income. With 490M+ users in their ecosystem and $1B in earnings and savings, their EarnPhone is being called the Uber of smartphones.

With 32,481% revenue growth and a newly secured Nasdaq ticker $MODE, investors can access their pre-IPO offering at $0.50/share. 

⏰ Secure your shares at $0.50/share before price changes on 05/29!

Disclaimer:  Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering. Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur. The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.

The market held today on an unverified Iran report. WTI stayed above $105. Yields stabilized but did not fall. The Nasdaq RSI is above 72, a level that has preceded pullbacks in every prior instance this cycle.

Three catalysts this week. Home Depot tomorrow. Nvidia Wednesday. They test whether the real economy and the AI cycle can hold their positions under a bond market that has repriced faster than anyone expected. The answers start tomorrow morning.