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4 PM After-Hours Flash: Fiscal Balance | Fed Balance Sheet — Actual: 6.7 | Rivian renegotiates DOE loan down to $4.5 billion, adjusts capacity p

**NEWS FLASH**

Asian markets are waking up to fresh intervention jitters as Japan’s Tokyo CPI just landed hotter than expected, keeping the yen under pressure even after yesterday’s suspected FX intervention.

At the same time, China has kicked off its five-day Golden Week holiday, meaning liquidity will be thin across regional equities and forex pairs until May 6th.

Back in the US, the Fed’s balance sheet contracted slightly to 6.7 trillion, while the latest fiscal balance came in at negative 70. And in corporate news, Rivian has renegotiated its DOE loan down to 4.5 billion dollars and is scaling back planned capacity at its Georgia plant, walking away from the original 400,000-unit target.

All of this leaves traders watching how European futures open and what it means for tomorrow’s SPX and VIX setup.

Russell Clark's Morning Outlook is coming up at 8:05. I am your VixShield news reporter.

⚠️ Risk Disclosure: This analysis is for educational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Options trading involves substantial risk of loss and is not appropriate for all investors. Past performance is not indicative of future results. VixShield signals are educational content only.