Meridian

Meridian Research Desk | Analysis Risk-Off Rotation: Trump says he and China's Xi agree Iran cannot have nuclear weapons... Full note: meridianterminal.com/research-desk/…

What changes the view: If VIX firms into the close, assume tomorrow opens with less room for error. Meridian view: confirmation first. Trend watch: rates, volatility, the dollar. Desk question: are rates confirming this move, or starting to lean against it? meridianterminal.com

What the close is saying about the next session: • Closing flows are now defining the next session's best opportunities. • Carry strength, but only where the structure still looks clean. • Event risk into the next session should decide overnight aggression.

The close is building tomorrow's map in a tape that still deserves respect. SPY +0.8% | QQQ +0.7% | VIX +0.0% | DXY +0.2% Into tomorrow: Bring forward the names with real sponsorship, not the ones needing hope.

CNBC | Breaking watch: Group led by Egon Durban to buy 25% of Las Vegas Raiders at $9.9 billion valuation, sources say Why tape cares: the first move is noise unless breadth, volatility, and leadership confirm it. Tape... Meridian live brief: meridianterminal.com/market-brief

Forexlive | Breaking watch: investingLive Americas FX news wrap 14 May:AI boom powers markets higher. USD higher. Why tape cares: the first move is noise unless breadth, volatility, and leadership confirm it. Tape now... Meridian live brief: meridianterminal.com/market-brief

What changes the view: If VIX firms into the close, assume tomorrow opens with less room for error. Meridian view: confirmation first. Trend watch: the dollar, rates, volatility. Desk question: are rates confirming this move, or starting to lean against it? meridianterminal.com

What the close is saying about the next session: • Closing flows are now defining the next session's best opportunities. • Carry strength, but only where the structure still looks clean. • Event risk into the next session should decide overnight aggression.

The close is building tomorrow's map in a tape that still deserves respect. SPY +0.8% | QQQ +0.7% | VIX -3.4% | DXY +0.4% Into tomorrow: Bring forward the names with real sponsorship, not the ones needing hope.

CNBC | Breaking watch: What's good for Cisco is good for Broadcom. 3 reasons both stocks are soaring Why tape cares: the first move is noise unless breadth, volatility, and leadership confirm it. Tape now: SPY +0.8% |... Meridian live brief: meridianterminal.com/market-brief

$AAPL vs MSFT | Mega-cap platforms Same revenue tier, different operating leverage. Multiples, margins, and FCF rarely move together. Full side-by-side: meridianterminal.com/compare/aapl-v…

Meridian Research Desk | Analysis Constructive Risk Tone: Nearly 40% chances of stagflation by end of 2026, traders say Desk view... Full note: meridianterminal.com/research-desk/…

CNBC | Breaking watch: Nearly 40% chances of stagflation by end of 2026, traders say Why tape cares: the first move is noise unless breadth, volatility, and leadership confirm it. Tape now: SPY +0.8% | QQQ +0.8% | VIX... Meridian live brief: meridianterminal.com/market-brief

Cointelegraph | Breaking watch: Crypto losses from North Korea hackers in 2025 rose 51% YoY: Report Why tape cares: the first move is noise unless breadth, volatility, and leadership confirm it. Tape now: SPY +0.8% |... Meridian live brief: meridianterminal.com/market-brief

What changes the view: If VIX firms into the close, assume tomorrow opens with less room for error. Meridian view: confirmation first. Trend watch: the dollar, rates, volatility. Desk question: are rates confirming this move, or starting to lean against it? meridianterminal.com

What the close is saying about the next session: • Closing flows are now defining the next session's best opportunities. • Carry strength, but only where the structure still looks clean. • Event risk into the next session should decide overnight aggression.

The close is building tomorrow's map in a tape that still deserves respect. SPY +0.8% | QQQ +0.8% | VIX -3.4% | DXY +0.3% Into tomorrow: Bring forward the names with real sponsorship, not the ones needing hope.

CNBC | Breaking watch: Fed Governor Miran submits resignation, throws support behind Warsh as new chair Why tape cares: rates, dollar, and breadth reaction matter more than the first headline spike. Tape now: SPY +0.8%... Meridian live brief: meridianterminal.com/market-brief

BusinessWire | Breaking watch: DLA Piper Advises Grupo Cox on the Closing of the Company’s US$4.2 Billion Acquisition of Iberdrola Mexico Why tape cares: the first move is noise unless breadth, volatility, and... Meridian live brief: meridianterminal.com/market-brief

Forexlive | Breaking watch: Middle east headlines: Saudi Arabia had secret strkes against Iran Why tape cares: the first move is noise unless breadth, volatility, and leadership confirm it. Tape now: SPY +0.8% | QQQ... Meridian live brief: meridianterminal.com/market-brief