SEMI AND OPTIONS MANIA COLLIDE WITH BOND ROUT AHEAD OF EARNINGS FROM NVIDIA, HOME DEPOT, AND WALMART
By Nigam Arora
To gain an edge, this is what you need to know today.
Important Earnings Ahead
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows that the stock market is bouncing from the earlier loss.
- On Sunday evening, significant selling came into stock futures on rising oil prices and falling bonds.
- This morning, oil started falling and bonds started rising on unconfirmed reports from Iran that the U.S. is offering a temporary waiver on oil sanctions. As oil fell and bonds rebounded, significant buying came into stock futures.
May 18, 2026