THE DAILY BULLETINMonday · June 8, 2026

—  LEAD STORY

Markets brace for more pain as jobs data revives rate-hike fears.

The week is starting on the back foot.

Equity futures are pointing lower after Friday’s tech-led rout on Wall Street — the Nasdaq 100’s worst single-day drop since April 2025. The S&P 500 fell 2.6% and failed to complete a tenth straight week of gains. A gauge of chipmakers cratered10%. And it wasn’t just the US — South Korea’s Kospi, which had been this year’s standout performer on the back of an AI-driven rally, dropped 5.5% on Friday, though it still sits more than 100% higher on the year.

The catalyst was a combination of forces that have been quietly building for weeks: stretched AI valuations, geopolitical flare-ups, and now a jobs report that handed hawks new ammunition.

WHAT MOVED MARKETS FRIDAY•Jobs: US payrolls in May beat every economist forecast, and the unemployment rate held at 4.3% — the clearest sign yet that the labor market is back on firmer footing. Good news in normal times; complicated news when the Fed is already worried about inflation.•Rates: Two-year Treasury yields — the market’s real-time read on Fed expectations — jumped 10 basis points to 4.15%. Rate-swap markets now price in roughly a 60% chance the Fed hikes by October, with a quarter-point move fully expected by December.•Oil: Brent crude surged 3.5% to over $96 a barrelafter Iran fired multiple missile barrages toward Israel. It was the first such attack since a fragile ceasefire took hold in early April, and it raises serious questions about whether the peace framework can hold.•Gold: Slipped to around $4,320 an ounce as the dollar strengthened against most major currencies.•Bitcoin: Trading near $62,000, after briefly falling below $60,000 last week for the first time since October 2024.

The stock-bond selloff was the sharpest setback in months for what had been a durable bull run — one that traces back to late March, when serious ceasefire negotiations with Iran first got underway.

The problem now is that the AI trade, which powered so much of the rally, is starting to look a little wobbly. A wave of mega AI stock deals is threatening to flood markets with new supply. And more broadly, investors are beginning to ask whether the gains have run further and faster than the fundamentals can support.

For us, we worry that it is likely the start of a meaningful decline, even if it’s not the end of this bull market. Longer term, we believe that we’re in a major bubble that will end very badly eventually.

— MATT MALEY, CHIEF MARKET STRATEGIST, MILLER TABAK

THE GEOPOLITICAL WILDCARD

The Iran situation is getting harder to ignore. Iran launched multiple missile barrages toward Israel after Israeli warplanes struck the southern suburbs of Beirut in retaliation for alleged Hezbollah attacks — a chain of escalation that complicates already-fragile diplomacy. The US and Iran appear far from an interim deal, roughly 100 days since Washington and Israel began their military campaign against Tehran. Oil at $96 with tensions this elevated is an inflation story as much as it is a geopolitical one. Energy prices have already risen nearly 18%over the past year, and another sustained leg higher would make the Fed’s job considerably harder.

WHAT’S NEXT

All eyes now turn to the Federal Reserve’s June 16–17meeting — the first under new chairman Kevin Warsh, who was sworn in at the White House on May 22, succeeding Jerome Powell. Warsh steps into the role amid mounting uncertainty over inflation, geopolitical conflict, and volatile markets — hardly an easy inheritance. Trump has been vocal about wanting rate cuts. The data is pointing the other way.

OPTIONS FLOW · MOST ACTIVELY TRADED

Bears load up on puts. Mega-cap pressure builds.SOURCE: TRADEALGO · LIVECONTRACTRETURNSVOL/OIPOWERIV RANKAI SCORETSLA$400 Put+1315%22.46████░ 78%3336NVDA$205 Put+635%20.41████░ 68%4248META$580 Put+575%12.14████░ 68%4240RIOT $24 Put+153%17.59█████ 80%4141MU $800 Put+147%6.20█████ 82%10037

The read: TSLA’s $400 put leads the board at +1315% — the most aggressive return print on the page — with a Vol/OI of 22.46.NVDA ($205P) and META ($580P) both register 68% Power and IV Rank 42, signaling aligned institutional conviction on the downside. The standout structural read is MU’s $800 put — 100 IV Rank, 82% Power, and a 37 AI Score. Across all five names, Power ranges from 68–82%: this is a coordinated put sweep, not a scatter pattern.View full options flow →

⚡ CAPITAL MARKETS

Oil spikes as Iran fires on Israel, putting the ceasefire back in play.

The missiles started flying on Sunday morning and oil traders responded within minutes. Brent crude surged as much as 3.6% to top $96 a barrel, while WTI briefly touched near $94, as Iran launched a fresh salvo of ballistic missiles toward Israel — the first direct Iranian strike on Israeli soil since a fragile ceasefire took hold in early April.

The attack marks 100 days since the conflict initially began, and comes after the U.S. and Israel launched a coordinated offensive against Iran in late February that triggered weeks of intense fighting, killing thousands and rattling global markets. Iranian officials framed Sunday’s volley as a warning shot: stop hostile actions in Lebanon, or there will be more.

The Israeli military said it intercepted the missiles. No casualties were reported. But the damage to the peace process may be harder to contain.

WHAT SET IT OFF

Israel launched airstrikes on Iranian-backed Hezbollah targets in southern Beirut on Sunday, a response to Hezbollah firing missiles into northern Israel. Iran viewed those Beirut strikes as provocation enough to break its silence. An adviser to Supreme Leader Ayatollah Mojtaba Khamenei told CNN that when it comes to a broader peace deal, “the ball is in Trump’s court.”

Trump, for his part, is trying to play referee. He urged Iran to return to the negotiating table after the missile launch, separately told Fox News that he criticized Israel’s Beirut strikes, and told Axios he would press Prime Minister Netanyahu not to retaliate. It’s a lot of diplomatic traffic for a Sunday.

THE CHOKEPOINT THAT MATTERS

The real fear in energy markets isn’t the missiles themselves — it’s what escalation means for the Strait of Hormuz. The strait, through which roughly 20% of the world’s oil passes, has seen traffic collapse to near-zero as peace talks have stalled. Iran effectively shut it down during the peak of hostilities, triggering fuel shortages across parts of Asia and knock-on effects throughout the global economy.

The weekend wasn’t just Israel and Iran. On Sunday, U.S. Central Command shot down two Iranian attack drones threatening maritime traffic in the strait. That followed six ballistic missiles fired at Bahrain and Kuwait on Friday — all intercepted — after which the U.S. struck Iranian coastal radar installations.

Andy Lipow of Lipow Oil Associates put the market concern plainly: the weekend’s escalation is another reminder of how thin the ceasefire ice is, and higher hostilities raise the odds Iran could take additional steps to restrict Red Sea shipping as well.

THE OBSTACLES TO ANY RECOVERY

Even if diplomats somehow thread the needle and reach a durable agreement, the path back to normal oil flows is not a short one. Key hurdles:•Mines in the Strait of Hormuz must be identified and cleared before tanker traffic can safely resume•Shut-in production fields could take months to bring back online•Damaged energy infrastructure from months of drone and missile strikes needs assessment and repair•The Lebanon parallel — Iran has made a Lebanon ceasefire a precondition for any broader deal, and Hezbollah has already rejected the truce Israel and Lebanon tentatively agreed to last week

OPEC+ SHRUGS (SORT OF)

In a move that bordered on ceremonial, OPEC+ agreed Sunday to raise output quotas by 188,000 barrels a day for July. The problem: with Persian Gulf exports still largely blocked, most member countries can’t actually ship the extra barrels anywhere. It’s a paper increase in a market where the physical constraints are still very much real.

Gas prices at the pump are already feeling the pressure — the average price for a gallon of regular gasoline hit $4.09 Sunday, up more than a dollar since the war began. Until there’s something more than a ceasefire on paper, that number isn’t going anywhere fast.WEALTH SERIES CORELIVE SESSION · TOMORROW AT 3PM PT

See how TradeAlgo’s AI
builds a full portfolio.

Tomorrow at 3pm PT, we’re walking through Wealth Series Core live — how TradeAlgo’s AI reads dark pool flow and options sentiment to identify positions, and what’s in the portfolio right now.01Live walkthrough of current positions and signals02How dark pool flow and options data drive each entry03Open Q&A with the TradeAlgo teamReserve your spot →TOMORROW · 3PM PT / 6PM ET · FREE

A.I. SCORING · SINGLE-TICKER SENTIMENT

Yesterday’s spotlight: NEE.SOURCE: TRADEALGO · LIVENEE NextEra Energy, Inc. Common StockFULL NEE INFO →

A.I. SCORE · 1 HOUR

71.43%

Bullish

SIGNAL STRENGTH

NEWS SENTIMENT

0

POPULAR CONTRACTSContractC/PStrikeExpiryVolITM%.NEE260717C85Call85Jul 17’2611755%.NEE280121C75Call75Jan 21’285563%.NEE270115C82.5Call82.5Jan 15’274157%.NEE260618C82.5Call82.5Jun 18’263386%.NEE260618C84Call84Jun 18’263369%

The read: NEE registers a 71.43% bullish A.I. score on the 1-hour timeframe — conviction-positive, though softer than the peak readings seen elsewhere on the board today. Every contract in the top five is a call, and the put side is empty. The most instructive detail is the time structure: volume spreads across near-term June 2026 expirations all the way out to January 2028, suggesting this isn’t a one-week trade. The Jan ’28 $75C at 63% ITM and the Jan ’27 $82.5C at 57% ITM are deep, long-dated positions — the kind of sizing that reflects a structural macro view on clean energy and power demand, not a momentum flip. Near-term, the Jun $82.5C carries an 86% ITM reading despite light volume, which is the highest conviction print on the page. News sentiment sits at a flat 0 — no headline catalyst driving this. The A.I. model is leading the news cycle, not following it.INVESTOR RELATIONSNOW OPEN

Invest in the company building the signals.

TradeAlgo is opening a private round to a select group of accredited investors. Get on the list to review the deck and speak with our team.Request invitation →ACCREDITED INVESTORS ONLYWEEK AHEADOTHER POTENTIAL MARKET-MOVING CATALYSTS

June 8–12, 2026

Monday (June 8): Apple World Wide Developer’s Conference (WWDC)

MON

6/8

ECONOMIC

No reports

EARNINGS

•Campbell’s Co. (CPB)   •FuelCell Energy Inc.(FCEL)   •Graham Corp. (GHM)   •Motorcar Parts of America Inc. (MPAA)   •Mission Produce Inc. (AVO)   •Vail Resorts Inc. (MTN)

TUE

6/9

ECONOMIC

•Existing Home Sales   •Trade Balance  •Wholesale Inventories

EARNINGS

•Academy Sports and Outdoors Inc. (ASO)  •Casey’s General Stores Inc. (CASY)   •Cracker Barrel Old Country Store Inc. (CBRL)   •J.M. Smucker Co. (SJM)   •Sailpoint Inc. (SAIL)  •Uranium Energy Corp. (UEC)   •VinFast Auto Ltd. (VFS)

WED

6/10

ECONOMIC  KEY: CPI

•Consumer Price Index (CPI)   •EIA Crude Oil Inventories   •MBA Mortgage Applications Index   •Treasury Budget

EARNINGS

•Anterix Inc. (ATEX)   •Chewy Inc. (CHWY)  •Core & Main Inc. (CNM)   •Navan Inc. (NAVN)  •Oracle Corp. (ORCL)   •Oxford Industries Inc.(OXM)

THU

6/11

ECONOMIC  KEY: PPI

•Continuing Claims   •EIA Natural Gas Inventories   •Initial Claims   •Producer Price Index (PPI)

EARNINGS

•Adobe Inc. (ADBE)   •Aurora Cannabis Inc.(ACB)   •Lennar Corp. (LEN)   •Lovesac Co.(LOVE)   •McGraw Hill Inc. (MH)   •RH Inc. (RH)

FRI

6/12

ECONOMIC

•University of Michigan Consumer Sentiment

EARNINGS

No reportsTHE SIGNAL● SPECIAL PROMOTION

Stop guessing. Start trading the signal.

Our AI scans options flow, dark pool prints, and sentiment data in real time — and surfaces the highest-conviction setups before the rest of the market catches on.01Real-time entries, exits, and stop-loss alerts02Built on TradeAlgo’s institutional-grade dataset03Limited-time offer — get in before we raise pricesSGML+46.43%HOOD+21.72%SNOW+18.98%AVGO+17.62%AMZN+15.60%NBIS+13.04%

FROM TRADEALGO ELITE PORTFOLIOUnlock Signals Now →

TRADEALGO · FULL ACCESS

Everything available to you — right now.

01

Free Telegram News & Alerts

Breaking market news, dark pool alerts, and options flow highlights pushed directly to your phone in real time. No subscription required.Join the channel →02

Wealth Series Core

Live webinar sessions walking through TradeAlgo’s AI-built portfolio — current positions, entry signals, and how dark pool and options data drive every decision.Reserve your spot →03

Live Trading Webinar

Join our analysts as they walk through live market conditions — how they read signals, spot setups, and make decisions in real time. See the process behind every trade.Register free →04

The Signal

TradeAlgo’s AI-powered alert service — real-time entries, exits, and stop-loss levels derived from options flow, dark pool prints, and sentiment scoring. The highest-conviction setups, surfaced before the crowd.Explore The Signal →

WHAT’S IN THIS EDITION—Lead — Jobs data revives rate-hike fears—Options Flow — Today’s most actively traded contracts—Capital Markets — Iran fires on Israel; oil at $96—Week Ahead — WWDC, CPI, PPI, Oracle, Adobe, Lennar—A.I. Scoring — Sentiment spotlight on NEE

INSIDE THE PLATFORM—Live options dashboard—Dark pool activity feed—A.I. sentiment scoring—Options Academy with Dane Glisek—Daytrade live chat with Brian

Unsubscribe  |  Manage Preferences

Disclaimer. This bulletin is provided for educational and informational purposes only and is not investment advice, a solicitation, or an offer to buy or sell any security. TradeAlgo does not act as a fiduciary or investment advisor. Trading options involves substantial risk and is not suitable for every investor. Past performance is not indicative of future results. Names, prices, and analytics referenced reflect data as of the time of publication and may have changed. Always do your own research and consult a licensed professional before making any investment decision. © 2026 TradeAlgo. All rights reserved.