The CoinDesk 20 is currently trading at 2090.4, up 1.3% (+26.17) since 4 p.m. ET on Thursday. Sixteen of 20 assets are trading higher. Leaders: $TAO (+5.5%) and $BTC (+1.9%). Laggards: $ICP (-0.7%) and $DOT (-0.4%).

⚡️ TODAY: WARSH TAKES THE FED CHAIR. HISTORY SAYS DAY 1 STARTS RED. Every new Fed Chair since 2006 has seen markets open lower on their first day. Day 1 performance: Bernanke: -2.2% Yellen: -0.9% Powell: -4.1% One year later: Bernanke: +13.3% Yellen: +13.0% Powell: -1.3% Markets do not reject new Fed chairs. They make them earn credibility.

The CoinDesk 20 is currently trading at 2184.2, down 2% (-44.22) since 4 p.m. ET on Thursday. One of 20 assets is trading higher. Leaders: $BNB (+0.4%) and $BTC (-1.3%). Laggards: $SUI (-6.8%) and $ICP (-5.9%).

The CoinDesk 20 is currently trading at 2196.49, down 1.6% (-36.49) since 4 p.m. ET on Monday. Three of 20 assets are trading higher. Leaders: $CRO (+1.9%) and $BNB (+0.2%). Laggards: $SUI (-4.9%) and $TAO (-4.4%).

The CoinDesk 20 is currently trading at 2110.57, up 0.5% (+11.5) since 4 p.m. ET on Friday. Eleven of 20 assets are trading higher. Leaders: $TAO (+4.1%) and $LINK (+2.7%). Laggards: $NEAR (-2.9%) and $BCH (-2.1%).

Americans are very worried about their jobs: The perceived probability among US consumers that the unemployment rate will be higher in 1-year increased +0.4 percentage points in April, to 43.9%, the highest in 12 months. Excluding April 2025, this is the highest reading since the 2020 pandemic spike, according to the NY Fed. Since the start of 2025, this percentage has risen +10 points. Meanwhile, 61% of consumers expect unemployment to increase over the next 12 months, according to the University of Michigan Surveys of Consumers. By comparison, only 14% of respondents expected unemployment to rise in 2021. This level of pessimism has never happened outside of a recession. Job market expectations are at recession-like levels.

$HD Q1’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $41.77B (Est $41.51B) 🟢; +4.8% YoY 🔹 Adj. EPS: $3.43 (Est $3.41) 🟢 🔹 Comp Sales: +0.6% (Est +0.9%) 🔴 🔹 U.S. Comp Sales: +0.4% 🔹 Net Earnings: $3.3B FY26 Guide: 🔹 Comp Sales Growth: Flat to +2.0% (Est +1.55%) 🟡 🔹 Sales Growth: +2.5% to +4.5%, reaffirmed 🔹 Adj. EPS Growth: Flat to +4.0%, reaffirmed 🔹 New Stores: ~15 🔹 Adj. Operating Margin: 12.8%-13.0% Commentary: 🔸 “Our first quarter results were in line with our expectations.” 🔸 “The underlying demand in our business was relatively similar to what we saw throughout fiscal 2025, despite greater consumer uncertainty and housing affordability pressure.”

The CoinDesk 20 is currently trading at 2171.96, down 0.2% (-4.96) since 4 p.m. ET on Wednesday. Thirteen of 20 assets are trading higher. Leaders: $ICP (+9.7%) and $DOT (+1.7%). Laggards: $BCH (-1.2%) and $NEAR (-1.0%).