Traders are bullish heading into an abridged week. The big events to watch are the consumer confidence data out today and the PCE reading on Friday.

• "The current environment is basically what the bulls were hoping for, and they are getting it. It's basically a soft landing." - Bank of America Equity Strategist Ohsung Kwon.

• The S&P 500 has rallied 5.3% in May, while the Nasdaq soared 8% to record highs. The Dow is up 3.3%.

The Fed likely won't cut rates this summer after stronger economic data. Markets now expect just one cut by year-end.

Six NATO countries announced plans to build a "drone wall" to protect their borders against Russia.

Storms that killed 21 in the central US are moving to the Northeast, where 30 million are under severe thunderstorm watches.

RIP to UCLA, NBA, and announcing great Bill Walton.

The North American creator economy market is forecasted to soar to $142.91 billion by 2030.

Nvidia CEO Jensen Huang's net worth skyrocketed from $3 billion to over $90 billion in just five years.

China's economic growth is projected to fall below that of the US by 2031 as its rapidly aging population slows expansion.

New data revealed the number of Americans living in distressed zip codes has climbed from 50 million in 2018 to 52 million in 2023.

London's economy is expected to outperform the national average, with 1.1% GDP growth in 2024 and 2.5% annually from 2025-2028.

🇮🇱 🇵🇸 Israel's Prime Minister Benjamin Netanyahu called the deadly airstrike on a camp that killed 45 people and wounded 200 in Rafah a "tragic mistake."

🇵🇬 Papua New Guinea's government told the UN that more than 2,000 people were buried alive by last week's landslide.

🇮🇹 Amazon's AWS is in talks with Italy to invest billions of euros as part of a push to boost its cloud offerings in Europe.

🇺🇳 The UN resumed transporting humanitarian aid off the coast of the Gaza Strip after deliveries were halted for two days.

The Shiba Inu dog who inspired the iconic 'Doge' meme and Dogecoin passed away at age 18.

Spot Ether ETFs are now officially legal in the US.

Ethereum meme coins PEPE and MOG hit lifetime highs on the back of US ether ETF filing approvals.

Farallon Capital disclosed an $85 million investment in Grayscale's GBTC in Q1 filings.

Arizona's Secretary of State used a deepfake of himself to warn voters about AI-generated disinformation.

A Colorado rancher and 34 of his cows were killed by lightning while he was feeding them.

An 81-year-old man was arrested for terrorizing a neighborhood for 10 years with a slingshot.

Hawaii's Kilauea volcano could erupt like a "stomp-rocket toy."