Weekly Market Recap | Apr 06 – Apr 12

Analyst Highlights

Equities: Nasdaq Composite closed at 22,902.89, +906.55 points (+4.12%), while Russell 2000 rose +3.54%, signaling broad market strength.
Volatility: CBOE VIX closed at 19.23, -4.94 points (-20.44%), reflecting easing short-term fear despite ongoing macro risks.
Energy: WTI crude closed at 96.57, -15.84 points (-14.09%), and Brent at 95.20, -13.27%, as volatility remained elevated amid geopolitical tensions.
Rates: Rising Treasury yields reflected fading rate-cut expectations, tightening financial conditions across markets.
Crypto: Bitcoin closed at 70,753.41 (+2.75%) and Ethereum at 2,192.20 (+4.01%), signaling selective risk recovery.
Technology: AI infrastructure demand remained dominant, with major investments across chips, cloud capacity, and global data center expansion.

The Metals Royalty Company (TMCR, Nasdaq Capital Market) – A critical-metals royalty and streaming company focused on energy, defense, and re-industrialization supply chains; IPO on April 8, 2026; up to 55,061,113 common shares registered for resale at $5.00, in a direct listing structure with no proceeds going to the company, offering investors exposure to nickel, copper, cobalt, and manganese through its NORI royalty asset.
ACP Holdings Acquisition Corp. (ACGCU, Nasdaq) – A blank check company formed to pursue merger or acquisition opportunities, particularly targeting businesses with enterprise values of approximately $750 million or more aligned with management’s private credit investment background; IPO on April 7, 2026; 20,000,000 units offered at $10.00 per unit, raising $200 million, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.
Apogee Acquisition Corp. (AACPU, Nasdaq) – A blank check company formed to pursue merger and acquisition opportunities in advanced technology sectors across physical and digital domains; IPO on April 7, 2026; 15,000,000 units offered at $10.00 per unit, raising $150 million, with each unit consisting of one Class A ordinary share, one redeemable warrant, and one right to receive one-fifth of one Class A ordinary share upon completion of a business combination.

S&P 500 closed at 6,816.89, +205.06 points (+3.10%) for the week.
Russell 1000 closed at 3,716.95, +105.75 points (+2.93%) for the week.
Russell 2000 closed at 2,630.59, +89.95 points (+3.54%) for the week.
Russell 3000 closed at 3,877.18, +111.35 points (+2.96%) for the week.
CBOE VIX closed at 19.23, -4.94 points (-20.44%) for the week.
Dow Jones closed at 47,916.57, +1,246.69 points (+2.67%) for the week.
Nasdaq Composite closed at 22,902.89, +906.55 points (+4.12%) for the week.
Bitcoin closed at 70,753.41, +1,893.58 points (+2.75%) for the week.
Ethereum closed at 2,192.20, +84.44 points (+4.01%) for the week.
Solana closed at 81.54, +1.39 points (+1.73%) for the week.
XRP closed at 1.3250, +0.0038 points (+0.29%) for the week.
Gold closed at 4,761.90, +105.10 points (+2.26%) for the week.
Silver closed at 76.32, +3.66 points (+5.04%) for the week.
WTI crude closed at 96.57, -15.84 points (-14.09%) for the week.
Brent crude closed at 95.20, -14.57 points (-13.27%) for the week.

Oil surged above $100 as Hormuz tensions escalated, intensifying global inflation and growth concerns.
Global bonds fell as failed US-Iran talks reignited inflation fears, pushing yields higher and weakening hopes for near-term rate cuts.
Treasury yields climbed as rate-cut expectations faded, reinforcing a higher-for-longer interest rate outlook.
The US dollar strengthened while risk-sensitive currencies weakened amid safe-haven demand.
IMF chief Kristalina Georgieva warned war-driven price pressures will take time to ease, while global growth forecasts face further downgrades.
Japan’s 10-year bond yield rose to its highest level since 1997 as Iran tensions intensified and global inflation concerns pushed rates higher.
Morgan Stanley launched a Bitcoin ETF amid a sharp price decline, highlighting growing institutional influence despite weak crypto market sentiment.
The Breakwave Tanker Shipping ETF surged 1,300% over the past year, emerging as a market gauge for Iran war-driven freight and oil transport risks.

US and Iran agreed to a two-week ceasefire ahead of Trump’s deadline, with Tehran reopening the Strait of Hormuz to ease global energy
Trump threatened a Hormuz blockade after US-Iran talks failed in Islamabad, raising ceasefire risks and deepening global energy and geopolitical tensions.
EU and US moved closer to a critical minerals pact aimed at reducing dependence on Chinese supply chains and strengthening coordination on strategic resources.
Hungary ousted Viktor Orban after 16 years as opposition secured a supermajority, shifting EU alignment and potentially unlocking support for Ukraine.
UK refused to join Trump’s planned Hormuz blockade, exposing allied divisions as tensions over Iran and Gulf security deepened.
A Trump aide warned China-Iran ties could further strain US-China relations, as Beijing’s role in the Middle East added tension ahead of a planned summit.
Asian nations urged the US to extend a sanctions waiver on Russian oil, highlighting divisions with allies as countries navigate energy shortages.
Russia deepened ties with Madagascar through military aid and strategic support, giving Putin another African foothold as US attention stayed fixed on Iran.

CoreWeave signed a $21 billion AI computing deal with Meta through 2032, deepening hyperscaler demand for large-scale cloud and chip infrastructure.
Amazon considered selling its in-house AI chips to other companies, signaling a broader push to commercialize internal silicon beyond AWS.
TSMC reported strong sales growth, showing AI chip demand remained resilient despite geopolitical tensions and energy disruptions.
Japan committed $16 billion to back Rapidus, accelerating its push into advanced AI chipmaking and the global semiconductor race.
PJM sought 15 gigawatts of new power capacity to meet surging electricity demand from AI-driven data center expansion.
OpenAI told investors its larger computing base gives it an edge over Anthropic, highlighting how access to AI infrastructure is shaping competition.
A China AI firm disclosed $92 million in Nvidia-powered servers tied to restricted chips, underscoring ongoing tensions around export controls and AI hardware access.
Samsung plans a $4 billion investment in a chip packaging facility in Vietnam, expanding capacity to meet rising semiconductor demand.

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