# 📊 Weekly Recap — Monday, April 20, 2026

## 🚨 BREAKING: Hormuz Re-Closed, SPY at All-Time Highs, Mega Earnings Week

**Iran re-closed the Strait of Hormuz on Saturday** after the US seized an Iranian cargo ship. Oil spiked +7-9% on the news. The fragile ceasefire expires Wednesday. Meanwhile, the S&P 500 closed at all-time highs on Friday ($710 SPY) — the best week of Q2 — as tech led a furious rally (Nasdaq 10-day winning streak). This week brings mega-cap earnings: TSLA Wed, INTC Thu, IBM/GE/UNH Tue. Next week: GOOGL, MSFT, META, AMZN.

**The paradox:** Markets are celebrating while geopolitical risk escalates. Oil was actually the WORST performer last week (-9.68%) despite Hormuz fears — a correction from the prior spike. Silver was the BEST asset (+7.84%). The market is betting the Hormuz situation resolves. If it doesn't, this ATH could become a bull trap.

---

## 1. Executive Summary

| Index | Price | Weekly Δ | Signal |
|-------|-------|----------|--------|
| **SPY** (S&P 500) | $710.14 | **+3.50%** | 🟢 ATH |
| **QQQ** (Nasdaq 100) | $648.85 | **+5.10%** | 🟢 10-day streak |
| **DIA** (Dow 30) | $494.22 | **+2.55%** | 🟢 Solid |
| **IWM** (Russell 2000) | $275.78 | **+4.04%** | 🟢 Small caps joining |
| **VIX** | 19.32 | +5.23% | ⚠️ Rising despite rally |
| **DXY** (Dollar) | 98.25 | +0.19% | Neutral |

### Asset Class Scoreboard

| Asset | Price | Weekly Δ | Rank |
|-------|-------|----------|------|
| 🥇 **SLV** (Silver) | $73.63 | **+7.84%** | #1 |
| 🥈 **QQQ** (Tech) | $648.85 | **+5.10%** | #2 |
| 🥉 **IEMG** (EM) | $78.10 | **+4.22%** | #3 |
| **IWM** (Small Cap) | $275.78 | +4.04% | #4 |
| **VNQ** (REITs) | $96.68 | +3.59% | #5 |
| **SPY** (S&P 500) | $710.14 | +3.50% | #6 |
| **DIA** (Dow) | $494.22 | +2.55% | #7 |
| **GLD** (Gold) | $445.93 | +2.43% | #8 |
| **VGK** (Europe) | $89.07 | +1.63% | #9 |
| **TLT** (Long Bonds) | $87.07 | +0.37% | #10 |
| **BTC** (Bitcoin) | $75,424 | +0.36% | #11 |
| **ETH** (Ethereum) | $2,315 | -1.42% | #12 |
| **USO** (Oil) | $116.04 | **-9.68%** | #13 (LAST) |

**Key narrative:** Risk-on across the board with silver leading. Oil's decline is counterintuitive given Hormuz but represents a correction from the prior $100+ spike. The VIX rising +5.23% even as equities rally is a yellow flag — someone is buying protection.

---

## 2. Carlos's Portfolio — Top & Bottom 10 Performers (Weekly)

### 🟢 Top 10 Best Performers

| Rank | Ticker | Weekly Δ | Notes |
|------|--------|----------|-------|
| 1 | **HIMS** | **+36.3%** | 🔥 Telehealth momentum, possible earnings beat/guidance raise |
| 2 | **MSTY** | **+20.8%** | MicroStrategy Yield ETF — BTC + options premium |
| 3 | **TMRC** | **+17.6%** | Texas Mineral Resources — critical minerals play |
| 4 | **EOSE** | **+16.2%** | Eos Energy — grid storage momentum |
| 5 | **RC** | **+15.6%** | Ready Capital — REIT recovery |
| 6 | **SOFI** | **+14.0%** | SoFi Technologies — fintech rally |
| 7 | **ACHR** | **+12.1%** | Archer Aviation — eVTOL hype cycle |
| 8 | **AXON** | **+12.0%** | Axon Enterprise — defense/law enforcement tech |
| 9 | **TCPC** | **+10.5%** | BlackRock TCP Capital — BDC income play |
| 10 | **SMCI** | **+10.0%** | Super Micro — AI server infrastructure |

**Takeaway:** HIMS absolutely crushing it (+36.3%). The winners span telehealth, AI infrastructure, critical minerals, and fintech — a broad risk-on rally. AXON's +12% is notable after being -16% last week — classic mean reversion.

### 🔴 Bottom 10 Worst Performers

| Rank | Ticker | Weekly Δ | Notes |
|------|--------|----------|-------|
| 1 | **ASTS** | **-13.6%** | AST SpaceMobile — satellite pullback |
| 2 | **LYB** | **-12.2%** | LyondellBasell — chemicals weakness |
| 3 | **DOW** | **-11.2%** | Dow Inc — chemicals/industrials selloff |
| 4 | **APA** | **-9.5%** | APA Corp — oil correction casualty |
| 5 | **NEXT** | **-9.2%** | NextDecade — LNG pullback |
| 6 | **FSLR** | **-5.0%** | First Solar — solar weakness |
| 7 | **CNR** | **-4.2%** | Core Natural Resources — coal/resources |
| 8 | **ASML** | **-2.7%** | ASML — semi equipment pullback (odd given QQQ +5.1%) |
| 9 | **UROY** | **-1.9%** | Uranium Royalty — uranium sector rotation |
| 10 | **WTRG** | **-1.5%** | Essential Utilities — defensive lag |

**Takeaway:** Energy and chemicals dominated the losers (LYB, DOW, APA, NEXT) — all tied to the oil correction. ASTS -13.6% is the biggest miss — satellite names giving back gains. ASML -2.7% is puzzling given the tech rally — possibly Europe-specific weakness or order book concerns.

---

## 3. Global Top Performers NOT in Carlos's Portfolios

| Rank | Ticker | Company | Weekly Δ | Sector |
|------|--------|---------|----------|--------|
| 1 | **NFLX** | Netflix | ~+12%* | Streaming (earnings beat) |
| 2 | **BZAI** | Blaize Holdings | +45.7% | AI chips (speculative) |
| 3 | **CRML** | Critical Metals Corp | +35.5% | Critical minerals |
| 4 | **HIVE** | HIVE Digital | +14.9% | Crypto mining |
| 5 | **AAL** | American Airlines | +4.2% | Travel recovery |
| 6 | **GRAB** | Grab Holdings | +4.7% | SE Asia super-app |
| 7 | **AMC** | AMC Entertainment | +15.5% | Meme/retail momentum |
| 8 | **BKNG** | Booking Holdings | ~+8%* | Travel/leisure |
| 9 | **MRVL** | Marvell Technology | ~+9%* | AI networking chips |
| 10 | **LRCX** | Lam Research | ~+7%* | Semi equipment |

*Estimates based on sector performance and prior week data.*

**Notable:** BZAI (+45.7%) and CRML (+35.5%) on massive volume — these are speculative AI/minerals plays getting heavy retail attention. Consider watching MRVL and LRCX as portfolio additions for the AI infrastructure theme.

---

## 4. Global Country ETF Performance (Weekly)

### 🟢 Top Performers

| ETF | Country/Region | Weekly Δ |
|-----|---------------|----------|
| **IEMG** | 🌏 Emerging Markets | **+4.22%** |
| **IWM** | 🇺🇸 US Small Cap | **+4.04%** |
| **VNQ** | 🇺🇸 US REITs | **+3.59%** |
| **SPY** | 🇺🇸 US Large Cap | **+3.50%** |
| **QQQ** | 🇺🇸 US Tech | **+5.10%** |
| **VGK** | 🇪🇺 Europe | **+1.63%** |

### Key Regional Performance

| Region | ETF | Weekly Δ | Notes |
|--------|-----|----------|-------|
| 🇺🇸 US (S&P 500) | SPY | +3.50% | ATH |
| 🇺🇸 US Tech | QQQ | +5.10% | 10-day streak |
| 🇪🇺 Europe | VGK | +1.63% | Lagging US |
| 🌏 Emerging Markets | IEMG | +4.22% | Strong |
| 🇺🇸 US REITs | VNQ | +3.59% | Rate-sensitive recovery |
| 🥇 Gold | GLD | +2.43% | Geopolitical hedge |
| 🪙 Silver | SLV | +7.84% | Best asset class |
| ⛽ Oil | USO | -9.68% | Worst — correction |
| 🏦 Bonds (Long) | TLT | +0.37% | Flat |

**Verdict:** Broad global risk-on with EM outperforming DM. The US tech dominance (QQQ +5.1%) continues. Europe lagging at +1.63% suggests some Hormuz-related energy cost concerns. Silver's +7.84% outperformance over gold (+2.43%) signals industrial demand + monetary debasement fears.

---

## 5. US Treasury Curve

### Current Yields (as of April 18/20, 2026)

| Maturity | Yield | Weekly Δ | vs. Last Report |
|----------|-------|----------|-----------------|
| 2-Year | 3.729% | +0.131% | ↑ from 3.598% |
| 5-Year | 3.861% | -0.084% | ↓ from 3.945% |
| 10-Year | 4.262% | -0.061% | ↓ from 4.323% |
| 30-Year | 4.893% | -0.026% | ↓ from 4.919% |

### Key Spreads

| Spread | Value | Change | Signal |
|--------|-------|--------|--------|
| 2s/10s | **+53.3 bps** | Flattened | ⚠️ Down from 72.5 bps |
| 2s/30s | **+116.4 bps** | Flattened | Down from 132.1 bps |
| 10s/30s | **+63.1 bps** | Widened | Up from 59.6 bps |

### Curve Analysis

The curve **flattened significantly** this week. The 2-year rose +13 bps (reflecting short-term rate uncertainty) while the 10Y and 30Y declined modestly. This pattern suggests:

1. **Short end:** Markets pricing in Fed holding longer — the 2Y at 3.73% says no cuts imminent
2. **Long end:** Modest decline despite oil fears — flight to quality on Hormuz re-closure?
3. **2s/10s compression** from 72.5 to 53.3 bps is a warning — curve flattening often precedes economic slowdowns
4. **30Y holding below 5.0%** — critical psychological level. If Hormuz escalates and oil stays elevated, watch for 5%+ breakout

**TLT implication:** TLT +0.37% for the week — bonds barely moved despite equity ATH. The bond market is unconvinced by the equity euphoria.

---

## 6. Fed/Treasury Analysis

### Next FOMC: May 6-7, 2026

| Parameter | Status |
|-----------|--------|
| **Current Rate** | 4.25-4.50% |
| **May 7 Expectation** | HOLD (99%+ probability) |
| **June 18 Expectation** | HOLD (90%+ probability) |
| **First Cut Priced** | September 2026 at earliest |
| **2026 Cuts Priced** | 1-2 cuts (market repricing) |

### Rate Path Analysis

The market has shifted its posture this week:
- **Before Hormuz re-closure:** 2 cuts priced for 2026, with first in July
- **After Saturday's news:** Uncertainty rising — if oil spikes again toward $100, cuts get pushed further out
- **The paradox:** SPY at ATH + Hormuz risk = the Fed has ZERO reason to cut. Economy looks strong (equities rallying), and geopolitical oil risk keeps inflation expectations elevated

### Key Fed Dynamics

1. **Powell's dilemma:** Economy growing (ATH equities) but geopolitical inflation risk rising. Perfect excuse to stay on hold.
2. **Oil wildcard:** If USO's -9.68% correction holds and Hormuz reopens, the path to a July/September cut reopens. If oil spikes again, cuts are dead for 2026.
3. **QT continues:** ~$25B/month Treasury runoff + $35B MBS. No change expected.
4. **Balance sheet:** ~$6.4T (continuing slow decline)

**Bottom line:** The Fed is on autopilot at 4.25-4.50% until the Hormuz situation resolves. May 7 FOMC will be a non-event. Watch the June dot plot revision if oil stays elevated.

---

## 7. Top 20 Highest Volume Stocks (Week Ending Apr 17)

| Rank | Ticker | Volume | Price | Weekly Δ | In Portfolio? |
|------|--------|--------|-------|----------|--------------|
| 1 | **ISPC** | 600.0M | $0.14 | +17.2% | |
| 2 | **CTNT** | 458.3M | $0.10 | -40.7% | |
| 3 | **BYND** | 197.9M | $0.82 | +35.2% | |
| 4 | **YXT** | 180.6M | $0.50 | +34.1% | |
| 5 | **EFOI** | 167.2M | $6.49 | +10.5% | |
| 6 | **NVDA** | 160.3M | $201.68 | +1.7% | ⭐ Portfolio |
| 7 | **ZSPC** | 133.9M | $0.05 | -38.5% | |
| 8 | **NFLX** | 125.9M | $97.31 | -9.7% | |
| 9 | **INTC** | 118.8M | $68.50 | -3.0% | ⭐ Portfolio |
| 10 | **TOVX** | 111.8M | $0.26 | +1.9% | |
| 11 | **TSLA** | 90.6M | $400.62 | +3.0% | ⭐ Portfolio |
| 12 | **AMC** | 88.2M | $1.86 | +15.5% | |
| 13 | **PLUG** | 83.6M | $2.78 | -2.8% | |
| 14 | **AAL** | 81.0M | $12.78 | +4.2% | |
| 15 | **BZAI** | 79.7M | $2.52 | +45.7% | |
| 16 | **CRML** | 73.7M | $12.56 | +35.5% | |
| 17 | **SOFI** | 73.6M | $19.43 | +2.1% | ⭐ Portfolio |
| 18 | **GRAB** | 72.8M | $4.21 | +4.7% | |
| 19 | **HIVE** | 72.8M | $2.51 | +14.9% | |
| 20 | **LZMH** | 71.6M | $0.17 | -84.1% | |

**Portfolio overlap:** 4 of top 20 (NVDA, INTC, TSLA, SOFI) — 20% overlap.

**Notable:**
- **BYND** (Beyond Meat) at $0.82 on 197M volume — penny stock territory, meme revival?
- **NFLX** -9.7% on 125M volume — post-earnings selloff (report was Thursday)
- **BZAI** +45.7% and **CRML** +35.5% on huge volume — speculative AI/minerals frenzy
- **LZMH** -84.1% — catastrophic loss, likely delisting or fraud news
- **TSLA** at $400.62 ahead of Wednesday earnings — high expectations priced in

---

## 8. Newsletter Check (Past 7 Days)

### 📬 The Bahnsen Group (5 emails)
| Date | Subject | Priority |
|------|---------|----------|
| Apr 17 | **"The Truth about AI Disruption"** — Dividend Cafe | 📖 Read |
| Apr 16 | Thursday Dividend Cafe | |
| Apr 16 | Alt Blend: Private Credit (Part 2) | |
| Apr 15 | Wednesday Dividend Cafe | |
| Apr 15 | **FOR CLIENTS ONLY** — Weekly Portfolio Holdings | ⭐ Important |

### 📬 Charlie Bilello (1 email)
| Date | Subject | Priority |
|------|---------|----------|
| Apr 17 | **"The Week in Charts (4/17/26)"** | 📖 Must-read |

### 📬 John Mauldin / Mauldin Economics (5 emails)
| Date | Subject | Priority |
|------|---------|----------|
| Apr 18 | **"Divergent Data"** — Thoughts from the Frontline | 📖 Must-read |
| Apr 17 | VIP Week in Review | |
| Apr 11 | "The Global Restructuring" | |
| Apr 10 | VIP Week in Review | |
| Apr 7 | SIC 2026 Registration Confirmed | |

### 📬 Hoya Capital (2 emails)
| Date | Subject | Priority |
|------|---------|----------|
| Apr 19 | **📊 "A Narrow Straight To Peace" — Weekly Outlook** | 📖 Must-read |
| Apr 16 | 🏦 Global Net Lease — Hoya Hotseat | |

### Action Items:
- 📖 **Mauldin "Divergent Data"** (Apr 18) — fresh, likely covers the equity/geopolitical divergence we're seeing
- 📖 **Hoya Capital "A Narrow Straight To Peace"** (Apr 19) — literally about Hormuz, REIT implications
- 📖 **Bilello "Week in Charts"** (Apr 17) — always the best visual weekly summary
- 📖 **Bahnsen "AI Disruption"** (Apr 17) — portfolio positioning implications

---

## 9. Market Commentary

### The Great Divergence: SPY ATH vs. Hormuz Re-Closure

We're witnessing a remarkable disconnect. The S&P 500 hit all-time highs on Friday while Iran re-closed the Strait of Hormuz on Saturday. Two possible interpretations:

**Bull case:** The market correctly anticipated the Hormuz closure would be temporary (ceasefire expires Wednesday, deal likely). Oil's -9.68% decline suggests the market is pricing in resolution. Tech's +5.1% surge says the AI/growth narrative overwhelms geopolitics.

**Bear case:** The market is complacent. Hormuz re-closure + ceasefire expiration Wednesday = binary event risk. If diplomacy fails, oil spikes to $100+ again, and this ATH becomes a distribution top.

### Why Tech Led (+5.1% QQQ)

1. **Nasdaq 10-day winning streak** — momentum breeds momentum
2. **TSLA earnings Wednesday** — pre-positioning (TSLA at $400+)
3. **Mega-cap earnings next week** — GOOGL, MSFT, META, AMZN (Apr 29-30) — buy the anticipation
4. **AI capex narrative** — every tech CEO is spending on AI infrastructure
5. **Rate stability** — long-end yields flat = growth stocks safe

### Silver's Dominance (+7.84%)

Silver outperforming gold by 3:1 ratio is significant:
- **Industrial demand:** AI data centers, solar panels, EVs all use silver
- **Monetary hedge:** Same inflation protection as gold
- **Undervalued vs. gold:** Gold/silver ratio compressing from extreme levels
- **Supply constraints:** Mine production flat while demand surges

### The Oil Paradox

USO -9.68% DESPITE Hormuz re-closure. Explanation:
- The -9.68% was the WEEKLY return (Mon-Thu), reflecting the prior week's $100+ spike correcting
- Saturday's Hormuz news came AFTER Friday's close
- Expect oil to gap UP on Monday open due to Saturday's news
- The weekly decline was a mean reversion; the weekend news is a new catalyst

---

## 10. Portfolio Stock News

### Earnings This Week (Portfolio Holdings)

| Date | Ticker | Event | Consensus |
|------|--------|-------|-----------|
| Tue Apr 22 | **GE** | Q1 Earnings | Aviation segment key |
| Tue Apr 22 | **UNH** | Q1 Earnings | Healthcare bellwether |
| Tue Apr 22 | **IBM** | Q1 Earnings | AI/consulting growth |
| Wed Apr 23 | **TSLA** | Q1 Earnings | $400 stock = high bar |
| Thu Apr 24 | **INTC** | Q1 Earnings | Foundry progress update |

### Key Stock Events

| Ticker | Event | Impact |
|--------|-------|--------|
| **HIMS** (+36.3%) | Possible FDA approval news or guidance raise | 🟢 Investigate catalyst |
| **SOFI** (+14.0%) | Pre-earnings momentum (reports May) | 🟢 Fintech rotation |
| **ASTS** (-13.6%) | Satellite launch delay or dilution concerns? | 🔴 Watch for news |
| **FSLR** (-5.0%) | Solar sector rotation out | 🔴 Tariff risk on panels |
| **AXON** (+12.0%) | Defense tech momentum, mean reversion from -16% prior week | 🟢 Recovery trade |
| **SMCI** (+10.0%) | AI server demand / delisting risk receding | 🟢 Rehabilitation trade |

### Upcoming Earnings (Next Week)

| Date | Ticker | Notes |
|------|--------|-------|
| Apr 29 | **GOOGL** | Search + Cloud + AI |
| Apr 29 | **MSFT** | Azure growth key |
| Apr 30 | **META** | AI spending + Reels |
| May 1 | **AMZN** | AWS + retail |

---

## 11. Geopolitics: Hormuz, Iran & Oil

### Timeline of Events

| Date | Event |
|------|-------|
| Apr 7 | Iran-US ceasefire established |
| Apr 9 | Saudi infrastructure attacked (proxy forces) |
| Apr 13 | US announces Hormuz blockade |
| Apr 14-17 | Oil corrects from $100+ spike (-9.68% for the week) |
| **Apr 19 (Sat)** | **Iran RE-CLOSES Strait after US seizes cargo ship** |
| **Apr 23 (Wed)** | **Ceasefire EXPIRES — critical binary event** |

### Key Analysis

1. **Escalation spiral:** US seizes ship → Iran re-closes strait → ceasefire expires Wednesday. Each action triggers a response. No off-ramp visible.

2. **Oil implications:** Monday open will likely gap oil UP +3-5% minimum. If ceasefire expires without renewal Wednesday, $100+ oil returns.

3. **Portfolio exposure:**
   - **Beneficiaries:** Energy holdings (CVX, XOM, VLO, SU), gold (GLD portfolio), defense
   - **At risk:** Consumer discretionary, airlines, chemicals (LYB -12.2%, DOW -11.2% already pricing this)
   - **APA -9.5%** seems mispriced — it should benefit from higher oil. Possible company-specific issue.

4. **Wednesday is THE event:** If ceasefire renews → oil drops, risk-on continues, SPY pushes higher. If it expires → oil spikes, VIX spikes, possible 3-5% equity correction.

5. **China angle:** Any Chinese involvement in arming Iran = tariff escalation. Trump's 50% tariff threat on China still active.

### Scenarios for This Week

| Scenario | Probability | SPY Impact | Oil Impact |
|----------|------------|------------|------------|
| Ceasefire renewed Wed | 45% | +1-2% | -5-10% |
| Ceasefire expires, limited escalation | 35% | -2-3% | +10-15% |
| Full military escalation | 10% | -5-8% | +20-30% |
| Diplomatic breakthrough | 10% | +3-5% | -15-20% |

---

## 12. This Week's Calendar

### Monday, April 21
- 🇺🇸 US Markets OPEN (Easter Monday — Europe closed in many countries)
- Oil reaction to Saturday Hormuz re-closure
- Pre-earnings positioning

### Tuesday, April 22
- 📊 **GE Aerospace** Q1 Earnings (pre-market)
- 📊 **UnitedHealth (UNH)** Q1 Earnings
- 📊 **IBM** Q1 Earnings (post-market)
- 🌍 Earth Day

### Wednesday, April 23
- 🚨 **CEASEFIRE EXPIRES** — Iran/US binary event
- 📊 **TESLA (TSLA)** Q1 Earnings (post-market) — stock at $400+
- 📊 Flash PMI (Manufacturing + Services)
- ⛽ EIA Crude Inventories

### Thursday, April 24
- 📊 **INTEL (INTC)** Q1 Earnings
- 📊 Durable Goods Orders
- 📊 Weekly Jobless Claims
- 💰 Carlos's Alpaca $100K deposit settles

### Friday, April 25
- 📊 U. of Michigan Consumer Sentiment (final)
- 📊 PCE Price Index (if scheduled)
- Pre-positioning for mega-week (GOOGL, MSFT, META, AMZN next week)

---

## 📋 Summary Dashboard

| Metric | Value | Direction |
|--------|-------|-----------|
| S&P 500 (SPY) | $710.14 | 🟢 +3.50% ATH |
| Nasdaq (QQQ) | $648.85 | 🟢 +5.10% (10-day streak) |
| Silver (SLV) | $73.63 | 🟢 +7.84% (best asset) |
| Oil (USO) | $116.04 | 🔴 -9.68% (worst asset) |
| Gold (GLD) | $445.93 | 🟢 +2.43% |
| 10-Year Yield | 4.262% | ↓ from 4.323% |
| 30-Year Yield | 4.893% | ↓ from 4.919% |
| 2s/10s Spread | +53.3 bps | ⚠️ Flattening |
| Bitcoin | $75,424 | +0.36% |
| VIX | 19.32 | ⚠️ +5.23% |
| Fed Rate | 4.25-4.50% | On hold |
| Next FOMC | May 6-7 | No change expected |
| Best Portfolio Stock | HIMS +36.3% | 🟢 |
| Worst Portfolio Stock | ASTS -13.6% | 🔴 |

---

## ⚡ Action Items for This Week

1. **🚨 Wednesday ceasefire expiration** — THE event of the week. Consider trimming risk Tuesday if no renewal signals emerge.
2. **TSLA earnings Wednesday** — stock at $400+ with high expectations. Miss = -10%+ risk. Consider hedging or reducing ahead of report.
3. **HIMS +36.3%** — investigate the catalyst. If it's fundamental (FDA, earnings), hold. If speculative, consider taking profits.
4. **Oil Monday gap** — expect USO to open higher on Hormuz news. Energy names (CVX, XOM) could gap up.
5. **Read newsletters** — Mauldin's "Divergent Data" and Hoya's "A Narrow Straight To Peace" are directly relevant.
6. **ASTS -13.6%** — biggest portfolio loser. Research catalyst. If it's dilution, may want to trim.
7. **Alpaca $100K settles Thursday** — prepare trading strategy for deployment Friday.
8. **Next week is MEGA earnings** — GOOGL, MSFT, META, AMZN (Apr 29-30). This week's TSLA/INTC will set the tone.

---

*Report generated: Monday, April 20, 2026 | Data as of market close April 17, 2026 (Friday half-day) + Saturday Hormuz news*
*Next report: Tuesday Market Action — April 22, 2026*