Stocks opened higher on strong results from UnitedHealth (UNH) and defense. The S&P rose at the open. Then Kevin Warsh told the Senate he never promised Trump rate cuts. Stocks flipped negative within the hour.

The sequence is the story. The market came in pricing a dovish Fed handoff. It got a nominee who called post-pandemic inflation the biggest policy error in forty years and said he's skeptical of frequent press conferences. That is not the chair the rate-cut trade was pricing.

Iran still hadn't confirmed its delegation to Islamabad by midday. Oil rose above $90. Then after the close, Trump extended the ceasefire indefinitely, citing Iran's government as 'seriously fractured.' The blockade stays. The deadline doesn't.

Warsh was more hawkish than priced. The ceasefire extension removes the Wednesday binary but doesn't resolve either question. Warsh hawkish plus no Iran deal: rate-sensitive names give back the week's gains, defense holds, energy stays bid. Warsh hawkish plus deal framework: the cut timeline moves later but the relief trade runs anyway. The two-year yield is the tell. Watch it before you watch the index.

Elon did the seemingly impossible – far faster than anyone expected...

And it's sent the tech industry into PANIC MODE.

ChatGPT, Claude, Google Gemini, and DeepSeek could soon become obsolete. 

And three little-known firms could soar 10X or higher as a result.

Get the details here.

The hearing ran two hours. The headlines looked fine on paper. Fed independence matters. The economy is near full employment. Trump never asked for rate cuts.

Then Warsh walked back his own AI disinflationary thesis, the core of his rate-cut case. He called it work still in progress. He said data center construction adds only a fraction of a percent to demand. That is a clear step back from his November piece where he called AI a significant disinflationary force that could enable cuts.

His confirmation odds on Kalshi collapsed to 24% for confirmation before May 15. Senator Tillis told Warsh directly at the hearing that the DOJ investigation needs to end before he can support him. The May 15 Powell handoff is effectively off the table.

The market wanted a dovish handoff. What it got was a nominee who wants a smaller Fed balance sheet, won't commit to the rate path, and traces current inflation back to a 2020 mistake.

Warsh shifts the cut timeline later, not off the table. Watch the two-year yield into the April 29 Fed meeting. A move above 3.85% prices out the first cut faster than his words suggested.

GE Aerospace (GE), RTX (RTX), Northrop Grumman (NOC), and 3M (MMM) all beat estimates today morning. Every one of them held or barely raised guidance.

GE Aerospace CEO Larry Culp said it plainly. If not for current events, they would have raised guidance. That one sentence is the template for this earnings season. The beats are real. The caution is also real. War uncertainty is capping forward visibility even at companies with deep order books.

RTX beat by 26 cents and raised guidance by only 10 cents. The beat absorbed all the upside. The raise was careful and conservative. Northrop beat and held flat. Same pattern.

Lockheed Martin (LMT) reports later this week. If it follows the same playbook, the war premium is fully baked into current prices. If Lockheed raises aggressively, there is more room to run.

Defense beat but didn't guide up. The war premium is in the price. Lockheed Martin reports later this week. If Lockheed raises aggressively, the premium has more room and the whole group re-rates. If Lockheed follows the same cautious playbook GE and RTX ran today, the sector is fully valued at current levels. That print is the signal. Until then, hold.

Apple just secretly added Starlink satellite support to iPhones through iOS 18.3.

One of the biggest potential winners? Mode Mobile.

Mode’s EarnPhone already reaches 490M+ users who’ve earned over $1B. With global satellite coverage eliminating dead zones, its earning tech could reach billions more worldwide. 

With their recent 32,481% revenue growth and newly reserved Nasdaq ticker, Mode is one step closer to a potential IPO.

Tap into a $1T opportunity — invest now at just $0.50/share and get up to 20% bonus.

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.

Amazon (AMZN) announced an additional $25 billion investment in Anthropic on top of the $8 billion already deployed. In return, Anthropic committed to spending more than $100 billion on Amazon Web Services over the next ten years.

This is not a partnership announcement. It is a mutual dependency agreement. Anthropic's compute runs on AWS. AWS's AI credibility runs through Anthropic's models. A $100 billion committed spend from Anthropic changes how AWS competes against Microsoft Azure and Google Cloud in a single announcement.

AWS has trailed Azure in AI workload growth for two years. This deal repositions it as the primary infrastructure layer for the most in-demand AI platform in the enterprise market. Amazon's stock rose on the news. That move underprices what the deal actually does structurally.

Watch AWS revenue in Amazon's next earnings print. If Anthropic workloads are already visible in the segment numbers, the multiple expansion accelerates. That is the real trade behind today's headline.

Wall Street’s big money is already moving, quietly building positions in a handful of stocks before the next rally.

Our analysts tracked the flows and found 10 companies leading the charge.

Some are household names. Others are under-the-radar innovators about to break out.

Together, they form the Post-Rate-Cut Playbook smart investors are following right now.

See Wall Street’s Top 10 Stocks for 2026,  free before it moves behind the paywall.

Warsh moved the rate cut timeline later. Defense beat and guided cautious. Amazon committed $25 billion to Anthropic. Then Trump extended the ceasefire after the close.

The Wednesday deadline is gone. The blockade is not. Iran's government is, by Trump's own description, too fractured to negotiate. That is not a resolution. It is a pause on a pause.

The deal trade gets more runway. The inflation pipeline doesn't care. The market opens Wednesday with less event risk and the same unresolved fundamentals it had this morning.