Happy Monday! Markets are waking up with a shot of optimism as U.S. stock futures surged Sunday evening with reports of a trade agreement between the U.S. and China. Read on to find out the latest developments and what’s at stake for the world’s largest economies. Also, Cathie Wood is doubling down on her bold Bitcoin prediction. Click here to discover what’s fueling her optimism.

— Justin Giles

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MARKET RECAP

Last Week: U.S. indexes closed lower on Friday as investors looked ahead to upcoming trade talks between the U.S. and China in Switzerland. President Trump proposed reducing tariffs on most Chinese imports to 80% from 145%, contributing to a slight easing in trade tensions. Energy and real estate stocks led sector gains, while health care and communications lagged. In bond markets, yields rose, with the 10-year Treasury yield reaching 4.39% amid reduced expectations for interest rate cuts this year. The Fed is expected to hold rates steady at its June meeting, citing a still-strong labor market with unemployment at 4.2%. Meanwhile, corporate earnings remained robust, with 78% of S&P 500 companies beating estimates and forecasts for first-quarter earnings growth revised up to 13.2%.

On Our Radar: Analysts will be watching closely as Fed Governor Adriana Kugler delivers remarks and the latest U.S. federal budget figures offer fresh insight into fiscal trends. On the earnings front, ZoomInfo and Hertz will headline a slate of companies releasing their earnings after hours on Monday, while Under Armour and Sea Limited will report before the market opens on Tuesday.

TOP STORY

Dow Futures Rally Over 400 Points As US, China 'Come To Agreement' In Geneva Trade Talks

Sunday evening brought a wave of excitement to the markets, with Dow futures surging over 400 points, with the S&P 500 and Nasdaq following right behind.

The reason? A surprise and positive announcement out of Geneva, where U.S. and Chinese officials reportedly came to an “agreement” during closed-door trade talks this weekend. While officials on both sides are upbeat about the meeting, specifics won’t be released until later today.

From Washington to Beijing, officials are touting “substantial progress,” with both sides claiming the breakthrough could ease economic tensions and even chip away at America’s $1.2 trillion trade deficit. But with no concrete details released, investors are left to read between the lines. Global markets are already moving, and the dollar is climbing — but is this the start of a new era, or just another short-term bounce?

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FIVE ZINGERS

Market Mood: Recession odds for 2025 dipped below 50% on Polymarket after the U.S. and China struck a fresh trade deal, easing economic anxiety among bettors. Here are all the details.

Pinterest: Shares of Pinterest continue to soar as the company reported better-than-expected Q1 sales and issued Q2 sales guidance above estimates. Also, the company reported an increase in its monthly average users. Read the full story here.

Swipe Surge: Shares of Visa are currently in a consolidation pattern, however, easing trade tensions and subtle consumer shifts could spark its next breakout. Discover why contrarian bulls are quietly eyeing this overlooked blue-chip for a comeback.

Search Spike: Google searches for "Are we in a recession?" have surged recently, signaling growing concern over the U.S. economy. Here’s the full story on what factors are weighing heavily on Americans.

Lynch Logic: Legendary investor Peter Lynch warns against blindly following stock tips and emphasizes the importance of understanding the business behind the investment. Read on to discover Lynch's timeless strategy for long-term success in the market.

ONE FOR THE ROAD

Cathie Wood Stands Firm On Bold $700,000 Bitcoin Prediction For Investors, Says 'Bull Case In The $1.5 Million Range'

Cathie Wood is once again making waves on Wall Street with her sky-high projections for Bitcoin. In a recent interview, the ARK Invest CEO doubled down on her predictions with a base-case target of $700,000, and her bull-case scenario being $1.5+ million by 2030.

Her reasoning? A convergence of powerful macro forces: Bitcoin’s growing role as a store of value, accelerating institutional adoption and emerging market demand that’s starting to reshape the global financial landscape.

But Wood’s forecast isn’t just about Bitcoin. She’s reading the broader economy and feel we’re nearing the end of a quiet, rolling recession and on the cusp of a productivity boom fueled by AI and policy clarity. With inflation expected to ease and capital markets poised for renewed momentum, her outlook suggests a financial reset that could catch many investors off guard.

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