US jobs data was strong enough to spur optimism about the economic recovery, but soft enough to keep the Fed hawks away, but Janet Yellen’s mention that a stronger interest rate environment would be a ‘plus’ weighed on US futures in Asia.

US inflation, ECB, BoC meetings, GameStop earnings and the AMC squeeez will be under close watch this week.

Bitcoin, on the other hand, comes undamaged out of weekend trading, even though Elon Musk tweeted a broken heart just before the weekly closing bell. What’s next?

Tesla lost another 5% on significant fall in China sales. Ford was the biggest winner on tripled sales data.

Amazon and Apple are below the 200-day moving average as strong economic data pressures tech stocks to the downside. Today’s NFP read could do more harm to tech stocks, but medium, long-term view remains positive.

AMC Entertainment’s new short squeeze wave could be fading, pot stocks showed diverging performance. Sundial stepped out of the crowd and gained 14%.

AMC Entertainment gained another 127% on Wednesday, and traders wonder what’s the upside potential left in the new wave of short squeeze.

Cannabis stocks gain on news that Amazon would stop screening for the drug at the work place, except when it is needed.

Tesla tumbles on data showing a global market share loss, while firmer crude oil pushes energy stocks higher. Yet, we should see a limited activity on the index level before today’s ADP and tomorrow’s NFP report.

Crude oil extends gains as OPEC+ decides to increase oil supply globally despite tightening demand-supply gap. Energy stocks are doing better in a market poor of price action before Friday’s jobs data.

US yields remain subdued, hinting that market expects inflation to slow down in the coming months, but the US yields are still expected to rise, and the latter could weigh on bullion’s price. UBS sees gold at $1600 per oz within the next twelve months.

On corporate news, Zoom posted blowout earnings and Canopy Growth released worse-than-expected results.

Crude oil pushes higher on expectation of further relaxation in OPEC+ production cut regime. But appetite in energy stocks remain subdues on rising environmental pressures.

FTSE 100 is well positioned to benefit from the global reflation trade, though I don’t expect a sizeable portfolio reshuffle before Friday’s US jobs report.

Amazon and Apple test important support, Tesla could extend gains as Elon Musk claims he’s built the fastest car ever.

It’s a slow day as the US is closed, but it won’t be a slow week as PMI data and US jobs figures will keep investors busy, along with Zoom Video Communications and Canopy Growth earnings. Here is why I’m short Zoom despite strong earnings expectations and long Canopy despite negative earnings.

On commodities, copper futures continue pushing higher, while gold remains on a slippery ground above $1900 per oz.

Robust economic data, huge fiscal spending boost appetite in stocks. Value, meme and cannabis stocks gain as Bitcoin and other cryptocurrencies remain under a decent selling pressure into the weekend.

Oil companies couldn’t benefit from firmer oil prices this week, due to the increased pressure from environmental groups and activists, but BP is approaching the buy zone as oil companies remain a good reflation play, after all.

Latest crypto-rout redirects speculation capital to meme stocks. GameStop and AMC Entertainment rally, as Bitcoin sees solid resistance near the $40K handle.

Major US indices are stable ahead of today’s US GDP report. We discuss the possible market reaction to the data on the index level.

In company news, Ford’s plans to accelerate electrification please investors, Amazon’s MGM deal sees little price action, oil companies are under the pressure for going green. Plug Power is up despite the recent death cross formation, and Disney is a top pick at UBS.

Sentiment is mixed into Thursday’s US GDP report. Nasdaq gains, S&P500 lags, but investors question where to invest in the rising inflation environment. Some ETFs offer an efficient hedge against inflation.

Else, Amazon investors care little about the latest antitrust allegations, as Coinbase jumps 8% after JP Morgan and Goldman issue Buy rating for the company’s stock.

Gold nears overbought conditions above the $1900 per oz, as US crude sees little appetite above the $65 per barrel on softer-than-expected drop in US oil inventories last week.

Global equities are better bid despite volatility in cryptocurrencies and Chinese crackdown on commodities trading.

Amazon’s MGM acquisition, Nvidia Q1 earnings, the US Q1 GDP data and Coindesk’s consensus conference are the major events on this week’s calendar.

Wells Fargo is cautious on Tesla, Goldman issues a Buy rating for Coinbase, as Bitcoin consolidates near its 200-day moving average.