A Make or Break Week

As the week begins, futures are ticking higher, driven largely by the yen's sharp drop to three-month lows after political shocks in Japan, where Prime Minister Ishiba's snap election gamble cost the ruling Liberal Democratic Party its majority. 

The weaker yen and expected dovish stance have boosted global risk sentiment, but caution is warranted. Oil prices have tumbled over 5% after Israel's limited strikes avoided major escalation, sparking a rotation out of energy. Meanwhile, the bond market braces for its challenges, with the 10-year yield increasing to 4.3%.

With five Magnificent Seven earnings reports, the onset of the Fed's blackout period, and crucial GDP, PCE inflation, and jobs data releases on the horizon, the market's resilience is under intense scrutiny. Nearly 170 S&P 500 companies are set to report this week, making it the most consequential stretch of the quarter.

Insider Buying: 

• A major improvement to Buy/Sell Ratio at 1:3 - $32m to $106m

• Top Buy: $15.5m of PBF Energy (…