◆ QuantLogix Daily Brief

◆Market Pulse

Risk appetite is firmly engaged into the open. Wall Street closed at fresh records yesterday — S&P 500 +1.46% to 7,365.12, Nasdaq +2.02% to 25,838.94, Dow +1.24% to 49,910.59 — as Iran-U.S. de-escalation chatter compresses the geopolitical risk premium. Crude has unwound the war premium overnight (WTI -3.5%), the dollar is soft, and yields are easing modestly. The tape is in risk-on / pro-cyclical mode, with leadership broadening beyond mega-cap tech into industrials, energy beneficiaries of disinflation, and high-beta growth.

◆Overnight Tape

Index Performance — May 6 Close (%)

Sector Heatmap — YTD 2026 (%)

◆Overnight Headlines

REUTERS05:42 ET

U.S.-Iran near one-page nuclear framework

Mediators converging on a moratorium-on-enrichment deal; Islamabad talks possible next week. Crude unwinds geopolitical premium.

CNBC04:18 ET

AMD pops 18% on Q1 beat; "agentic AI" demand cited

Lisa Su flags "tremendous demand" for CPUs from agentic-AI workloads — bullish read-through for INTC, MRVL, AVGO.

BLOOMBERG03:55 ET

Asia closes higher on Iran optimism; Nikkei +1.8%

Hang Seng +1.4%, KOSPI +1.1%. Energy and shipping names led declines as the Hormuz risk premium evaporated.

WSJ06:10 ET

Senate confirms Warsh as Fed Chair

Hawkish-leaning successor to Powell takes the gavel. Markets parsing forward dot-plot tone risk for June FOMC.

FT02:30 ET

European defense spending guidance lifted

EU members signaling 3.0%+ of GDP outlays — RTX, LMT, NOC, BA.L (BAE) and Rheinmetall pre-market bid.

MARKETWATCH05:00 ET

HawkEye 360 (HAWK) IPO prices at $26 — debuts today

$416M raised on 16M shares; geospatial RF analytics firm targets defense/intel customers. Heavy dual-use AI exposure.

REUTERS06:25 ET

Treasuries firm; 10Y yield slips to 4.18%

Bid into duration ahead of jobless claims and as oil drop softens near-term inflation expectations. 2s10s steepens 1bp.

◆Earnings Radar

Ticker	Company	Window	EPS Surprise	Rev Surprise	Guidance	Reaction
AMD	Adv. Micro Devices	Yest. AMC	+12.4%	+6.1%	RAISED	+18.2%
MCD	McDonald's	Today BMO	+4.8%	+2.3%	REAFFIRMED	+3.3%
SHEL	Shell PLC	Today BMO	+9.1%	IN-LINE	REAFFIRMED	+1.8%
DDOG	Datadog	Today BMO	+15.0%	+3.4%	RAISED	+7.1%
VST	Vistra	Today BMO	+22.0%	+5.0%	RAISED	+4.4%
CELH	Celsius Holdings	Today BMO	-2.5%	-1.2%	CUT	-6.8%
PTON	Peloton	Today BMO	+18.0%	IN-LINE	REAFFIRMED	+5.5%
U	Unity Software	Today BMO	+8.0%	+2.0%	REAFFIRMED	+2.2%

Season-to-date: 84% of S&P 500 beating EPS (vs. 5Y avg 78%) · aggregate EPS surprise +20.7% — best print since Q1 2021.

◆Economic Calendar — Today

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