Nvidia ($NVDA) just rolled out a new partnership program where fast-growing AI startups can trade high-performance computing power for a cut of their future product and cloud earnings. ๐ป๐ค Per CNBC.
If the S&P 500 ends the year up 10% or more, that'll be only the second time ever it's had four years in a row of double-digit gains. The last time was 1995-1999, right before the Dot Com Bubble popped ๐คฏ ๐
Big news: US trade deficit jumped by $22.8 billion in Mayโnow at $105.8 billion, the biggest since March 2025. That's the largest monthly spike since November 2025. Exports dropped $11.8 billion (down 5%), hitting their lowest since Feb, mainly due to fewer energy shipments. Me
So what's going on in Hong Kong?
China's chip exports to Hong Kong hit a record $15 billion in May โ up over 200% since early 2025.
Globally, China shipped $35 billion in chips in May, tripling from earlier this year.
Hong Kong took 43% of China's chip exports that mon
๐จ BIG NEWS:
The Crypto Clarity Act is way closer to passing now.
US law enforcement isn't blocking it anymore.
Could see a full vote before August break.
This is huge for crypto. ๐
Looking at past trends, July has been a great month for US stocks ๐
Since 2005, the S&P 500 averaged a +2.5% gain in Julyโover 4x more than any other month. Plus, it hasn't dropped in July for 11 years straight, the longest winning streak for any month.
We've already hit
Commercial shipping through the Strait of Hormuz has ramped up lately
American ๐บ๐ธ military backup helped push oil flows past 10M barrels per day - Bloomberg
Had a great chat with Direxion CEO Doug Yones about what's really going on in the ETF world. Some interesting insights you might not expect. Check it out! https://t.co/ZeAqPCeXBk
Big news: Trump says the U.S. has a "really good" shot at winning the World Cup ๐บ๐ธโฝ
Team USA odds:
โข 80% to win tonight
โข 5% to take the whole thing
Big news: Meta stock ($META) surged over 10% today after reports they're building a cloud business to sell AI compute access.
Suddenly that huge spending makes total sense.
U.S. stocks look set for a cautious July open (SPX -0.3%, NDX -0.6%) as everyone waits for Fed Chair Kevin Warshโs speech at the ECB forum in Portugal today. Markets want hints on rate moves with rising prices and a stronger economy. Brent crude is down 1%, 10yr yields dipped 0