New Fed Chair Confirmed + Cerebras IPO Set to Explode? + Trump-Xi Summit Moves Markets

📅 New episodes every Thursday at 6AM ET and Sunday at 7PM ET — market updates, prep, momentum plays, and trade ideas.💸 Support Stonkcast: If you're getting value, consider buying Brandon a coffee or helping cover production costs. 🔗 https://paypal.me/stonkcast📈 Level Up Your Charts: Get $15 off TradingView — the charting platform I trust every day. 🔗 https://tradingview.com/?aff_id=154886🛒 Shop Stonkcast Merch: 🔗 http://stonkcast-shop.fourthwall.com/collections/all🐦 Follow on X: 🔗 http://x.com/StonkcastShow🎧 Listen On-the-Go: Catch every episode on your favorite podcast app. 🔗 https://pod.link/1791475353This is one of the most news-dense midweeks of 2026 — and Brandon breaks it all down in under 35 minutes.Five things moving markets right now:1. Trump-Xi Summit (Beijing, May 14-15) — The two most powerful leaders in the global economy are face-to-face. Tariffs, Iran, AI guardrails, and rare earth exports are all on the table. Musk, Cook, Fink, and the Boeing CEO traveled with Trump. The most likely outcome is a limited deal, not a grand bargain — but any signal on tariff levels or Iran cooperation could move tech and energy names sharply.2. Macro Check-In: SPY, QQQ, VIX, Bitcoin — The S&P 500 hit record highs above 7,300 on a six-week winning streak. QQQ near 52-week highs. VIX around 18. Bitcoin holding near $80,600. But CPI came in at 3.8% YoY — hotter than expected — and PPI accelerated to +1.4% MoM. The rate cut conversation is effectively closed for 2026. Brandon reads the tape.3. Kevin Warsh Confirmed as Fed Chair — The 54-45 Senate vote was the most partisan confirmation in Fed history. Warsh takes over from Powell with a "regime change" mandate — tighter Treasury coordination, balance sheet reduction, and a stated belief that rates can move lower. Powell stays on as governor. First Warsh-led FOMC: June 16-17. Brandon explains what this transition actually means for everyday investors.4. Cerebras IPO ($CBRS) — The AI Chip Trade's Biggest Bet Yet — Priced at $185/share, raising $5.55 billion, 20x oversubscribed. Cerebras designs AI inference chips built around a wafer-scale engine that packs 4 trillion transistors on a single processor — a direct challenge to NVIDIA's dominance. The risks are real: 86% of revenue from two UAE customers. But if this IPO pops, it's a clear signal the AI buildout trade has another leg.5. Economic Calendar & Earnings — CPI and PPI already printed hot this week. Retail Sales hit Thursday, UMich Sentiment Friday. Cisco just reported a record quarter ($15.8B revenue, +12% YoY) on AI networking demand. Applied Materials reports Thursday — the semiconductor capex bellwether with an 8.7% expected move.⚠️ Disclaimer: This content is for educational purposes only and should not be considered financial advice. Investing involves risk. Always do your own research or consult a licensed professional before making any investment decisions.