TLDR

MARKET RECAP → The S&P 500 (VOO) hovered near flat Thursday as investors grappled with renewed rate hike anxiety and concerns over a growing U.S. deficit. The 30-year Treasury yield surged to its highest level since October 2023 after lawmakers passed a bill that markets worry could deepen the nation’s fiscal gap.

APRIL HOME SALES STALL → 🏠 Home sales hit their slowest April since 2009, as high prices, rising cancellations, and shaky buyer confidence cooled the market—despite record inventory and a slight price uptick.

SOLAR STOCKS MELTDOWN → ☀️ Solar stocks tanked after a House GOP tax bill axed key clean energy credits, slamming rooftop players like Sunrun and threatening utility-scale growth—though First Solar (FSLR) held up better thanks to untouched manufacturing subsidies. $FSLR ( ▼ 4.3% ) 

Was this email forwarded to you? Sign up for free here.

Earn rewards by referring friends. Scroll to the bottom to learn more! 👇️ 

MARKETS

Market Snapshot

Today’s S&P 500 Heatmap

Notable Earnings This Week

POLL OF THE DAY

TODAY’S TOP NEWS

April Home Sales Stall

🏠 Existing home sales in April dropped 0.5% to an annualized rate of 4 million—the slowest April since 2009—amid stubbornly high prices and weak buyer confidence, falling short of economists' growth expectations.

📉 Inventory climbed 21% year-over-year, offering buyers more leverage, but the market remained unbalanced with a 4.4-month supply—still shy of the six-month benchmark.

💵 The median home price hit a record $414,000 but only rose 1.8% year-over-year, the slowest gain in nearly a year; luxury home sales rose while budget sales fell.

TODAY’S TOP NEWS

Solar Stocks Meltdown

🔋 Solar stocks cratered after the House GOP passed a tax bill that kills critical clean energy credits, hammering companies dependent on rooftop solar leasing like Sunrun, which plunged 35%. Analysts called the legislation “worse than feared,” warning it guts the Inflation Reduction Act.

📉 Equipment makers Enphase and SolarEdge dropped sharply as inverter demand is expected to fall alongside rooftop installations. Utility-scale solar players Array and Nextracker also slid as the bill phases out investment and production credits starting in 2028.

⚙️ First Solar (FSLR) emerged as a rare bright spot, falling just 3.6%, since its manufacturing tax credit remains intact. The Senate could still alter the legislation, but for now, the solar sector’s outlook looks partly cloudy at best. $FSLR ( ▼ 4.3% ) 

KEEP READING

Trump hosting dinner for his top meme coin holders at pivotal moment for crypto world (yahoo!finance)

OpenAI, Oracle, NVIDIA, SoftBank Group and Cisco partner for Stargate UAE AI campus (CNBC)

When 20,000 devices were paralyzed by a bad update, a Georgia health system turned to Apple (CNBC)

Person shot outside CIA headquarters by security guards (CNBC)

White House crypto czar David Sacks says stablecoin bill will unlock ‘trillions’ for U.S. Treasury (CNBC)

Enter for a chance to win 250K (ML)

How to Prepare Your Budget for Tariff Surcharges (ML)

Why You’ll Love the Money Master Challenge – Your Daily Finance Game! (ML)

BULL VS. BEAR

NOTABLE POSTS

MONEYLION MANAGED INVESTING

WHAT WE’RE WATCHING

A MESSAGE FROM OUR PARTNER

OUR FAVORITE TOOLS & RESOURCES

• Generated Assets — Turn any idea into an investable index

• Polymarket — The world’s largest prediction market

• Unusual Whales — Companion for uncovering unusual market activity

• OpenBB — AI-powered research and analytics workspace

• Earnings Hub — Earnings calendar

• Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed

• Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine

• The Market Ear — Live news, analysis and commentary on what moves markets and trading

• Coinmarketcap.com — Crypto market data

• Finviz — Financial visualizations

• Trading Economics — Economic calendar

• CME FedWatch Tool — Market-implied probabilities of future levels of interest rates 

• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

• ChatGPT — Large language model-based chatbot powered by generative AI

• Vimcal — Lightning-fast calendar and AI scheduling assistant

REFERRAL PROGRAM

WE WANT YOUR FEEDBACK

^{_{Investment advisory services provided by ML Wealth LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclosures relating to the MoneyLion Investment Account, see Investment FAQs, Form ADV Brochure, and moneylion.com/investing. Funded managed investing accounts are subject to a monthly account fee of $1 (for accounts valued up to $5,000), $3 (for accounts valued over $5,000, and up to $25,000), or $5 (for accounts valued over $25,000).}}

<sup><sub>This advertising email was sent to you because you have a MoneyLion account. If you would like to unsubscribe, please do so using this link. We respect your right to privacy. Please do not reply to this email with sensitive information, such as an account number, Social Security number, date of birth, bank account information, PIN, password, or Online ID. The security and confidentiality of your personal information is important to us. If you have any questions or want to read more, please visit our Help Center.

MoneyLion and Pathward do not provide, nor do they guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.

The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice. Terms and Conditions for our subscriber referral can be found here.</sub></sup>