Markets

The Monday setup: five things

Earnings, central banks, two elections, and a quietly important PMI print. The week the tape decides what it actually thinks.

The Desk · 27 May 2026 · 4 min read

1. Earnings

NVDA after the close Wednesday. CRM, ZM, BBY through the week. Watch the guides, not the prints.

2. Central banks

RBNZ Wednesday — the front-end has fully priced a cut. RBA minutes Tuesday.

3. Politics

Two emerging-market elections settle currency tails on Sunday night. Trade them in the open, not on the close.

4. Data

Flash PMIs Thursday. The services print is the only one that matters now.

5. Positioning

CTA gross at the 99th percentile. Any 1.5% drawdown forces mechanical selling.

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