Bulls smell blood

Bulls drive S&P 500 to brink of record high, Treasury deal kills ‘Revenge Tax’, the US economy was worse than estimated in first quarter, no love for the dollar as it falls to 3-yr low, and Nike shares surge on turnaround hopes...

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Market Briefing
June 27, 2025

Good morning.

The Fast Five → Bulls drive S&P 500 to brink of record high, Treasury deal kills ‘Revenge Tax’, the US economy was worse than estimated in first quarter, no love for the dollar as it falls to 3-yr low, and Nike shares surge on turnaround hopes…

Calendar: (all times ET) - Full Calendar

  • Today:
    PCE index, 8:30A
    Consumer sentiment, 10:00A

  • Monday:
    none watched

Your 5-minute briefing for Friday, June 27:

BEFORE THE OPEN

As of market close 6/26/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 33.21% for Week of JUN 19 2025

Previous week: 36.67%.

Market Wrap:

• Futures flat with S&P 500 just shy of record
• Thursday rally: S&P +0.8%, Dow +0.9%, Nasdaq +1%
• Market buoyed by inflows, calm news cycle
• All eyes on today’s PCE inflation data (est. +0.1% MoM, +2.3% YoY)
• Also coming: consumer spending, income & sentiment

EARNINGS

Nothing watched today. See full calendar here »

Why July 22nd Could Mean Big Changes for Social Security

In a stunning move, President Trump has authorized an AI-led transformation of federal agencies, including Social Security — and his plan is set to roll out July 22.

What's coming next isn't about trimming waste.

It's about automating entire federal agencies — including the SSA — using Elon Musk's AI playbook.

This is no longer a political debate. It's happening.

And the decisions being made right now could determine how your retirement income is calculated, taxed, or even delayed.

It's why Wall Street is scrambling to move money into the few firms with government AI contracts.

HEADLINES

The tax had sparked fears that the proposal would make it much harder for foreign individuals and companies to invest in the US.

A battered dollar is taking another beating as investors, unnerved by fresh signs of an erosion in US central bank independence, waste no time in pushing the greenback back to its lowest levels in over three years.

  • Stock bulls drive S&P 500 to brink of record high (more)

  • Investors shore up defences against another August market rout (more)

  • Market bets on a more dovish Fed as Trump eyes Powell's replacement (more)

  • Trump's tariff revenue is on pace for another monthly record (more)

  • US economy fares worse than estimated in first quarter (more)

  • Labor market softening as more people remain on unemployment rolls (more)

  • Dollar falls to three-year low amid Trump criticism of Fed and rate-cut bets (more)

  • US-China truce on rare earth shipments signed, 10 deals soon (more)

  • Nike surges 10% on turnaround hopes despite worst results in years (more)

  • Micron Technology rides AI data center gravy train (more)

  • Xiaomi received over 200K real orders for its Tesla killer in just 3 min (more)

  • Tesla head of manufacturing Omead Afshar fired by Elon Musk (more)

  • New UnitedHealth CEO shakes up management at major division (more)

DEALFLOW

M+A | Investments

  • Unilever to pay $1.5 bln for men's grooming brand Dr Squatch

  • DNOW to acquire MRC Global in $1.5 bln all-stock deal

  • McDermott and Schulte law firms to merge effective Aug. 1

VC

  • Tacta Systems, a robotics company developing dextrous intelligence to give robots human-like skills, raised $75M in funding

  • Certify, a healthcare provider data intelligence company, raised $40M in Series B funding

  • Mandolin, an AI automation platform for specialty drug access, raised $40M in seed and Series A financing

  • Niural, an AI-native global PEO for fast-growing companies, raised $31M in Series A funding

  • DataBahn.ai, a security-native data pipeline platform, raised $17M in Series A funding

  • Handspring, a mental health provider for youth and young adults via virtual therapy, raised $12M in Series A funding

  • Klutch AI, an AI-powered construction management solutions, raised $8M in Seed funding

  • Spekter Games Inc., a game publisher focused on Web3 incentives, raised $5M in a Pre‑Seed funding round

  • Jarsy, a digital investment platform for tokenized private-company equity, raised $5M in Pre‑Seed funding

  • Castle, a Bitcoin treasury platform for SMBs, raised $1M in a Pre‑Seed funding round

CRYPTO

  • Coinbase comes full circle, soars to highest price since 2021 Nasdaq debut (more)

  • PayPal CEO says long-term stablecoin adoption will take time (more)

  • Global financial crime watchdog calls for action on crypto risks (more)

BULLISH BITES

💰 How 'Zuck Bucks' shake up AI race.

😎 Vogue to hire new head of editorial, role held by Anna Wintour for 40 years.

📊 Here’s the average 401(k) balance by age.

🚫 Artificial intelligence cannot...

DAILY SHARES

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