Good morning.
The Fast Five → Stocks notch strongest quarter since 2020, Trump pulled in at least $2.2B in 2025 crypto earnings, tech selloff stirs bubble fears, Michael Burry shorts Caterpillar, and Strategy heads for 11th losing month in 12…
📌 While everyone was distracted with the recent SpaceX IPO… Elon Musk quietly filed a patent with the US Patent and Trademark Office to protect what I believe will be his next breakthrough.
(from Brownstone Research)
Calendar: Full Calendar »
Today:
ADP Employment, 8:15A
ISM Manufacturing PMI, 10:00A
Tomorrow:
Avg Hourly Earnings, 8:30A
Unemployment Rate, 8:30A
Your 5-minute briefing for Wednesday, July 1:
BEFORE THE OPEN
As of market close 6/29/2026.
Pre-Market:
Market Wrap:
Futures: Dow -89 (-0.2%), S&P flat, Nasdaq flat
Dow capped its best first half since 2021
S&P gained 9.6%, Nasdaq 12.8% in the first half
Russell 2000 surged 22% for its best first half since 1991
Chip stocks fueled another strong session and first-half rally
Strategists still favor semis but see the group as extended
Focus turns to Warsh's remarks, ADP jobs, and ISM data
EARNINGS
Light week. Here’s what we’re watching:
Today: *General Mills $GIS ( ▲ 9.14% )
THU: *Lindsay $LNN ( ▼ 0.17% )
Did Elon Musk Just Open America's
Last Retirement Window?
Jeff Brown believes by the end of this month, this Elon Musk new AI breakthrough will collide…
With a powerful market prophecy that has correctly predicted some of the biggest market booms going back to 1950…
Giving Americans a rare and perhaps last chance to turn a small stake into an entire six-figure nest egg in the next 12-18 months.
The last time something like this happened, investors had a chance to turn a small stake of $10,000 into as much as $366,000 in just 14 months.
- a sponsored message from Brownstone Research -
HEADLINES
Trump Pulled in at Least $2.2 Billion in 2025 Crypto Earnings
The crypto haul was by far the largest source of President Donald Trump's income.
Stocks rose to cap a rip-roaring second quarter, marking a turnaround in Wall Street's 2026 fortunes and a stunning run-up in chip stocks.
S&P 500, Nasdaq register best quarter since 2020 despite Iran war (more)
Tech selloff stirs bubble fears in US stock market (more)
Small-cap stocks enjoy their best first half in 35 years (more)
Treasury market's June rally bails out quarter and first half (more)
Consumer confidence edges up; labor market perceptions deteriorate (more)
US job openings tick up in May; hiring still soft (more)
US dollar surges to 2026 high amid yen collapse (more)
Record chip rally adds $2T combined value to Micron, Intel and AMD in second quarter (more)
Nike results top estimates even as China sales drop 12% (more)
Circle slides 13% as Stripe, Coinbase, BlackRock back rival network (more)
Michael Burry shorts Caterpillar after it nearly doubled in AI rally of 2026 (more)
Meta loses bid to dismiss claims that Facebook, Instagram addict children (more)
AWS puts $1 billion into new AI unit to embed engineers with customers (more)
Susquehanna seeks $70M for insider trading (more)
Getty Images scraps $3.7B merger with Shutterstock over UK scrutiny (more)
Honeywell ditches conglomerate model (more)
DEALFLOW
M+A | Investments
KKR to buy EDF's renewable power assets in US, Canada for $4.2B
Saab signs $2.54B Gripen fighter jet deal with Ukraine
Shell to sell Gulf of America assets to Talos Energy, Ridgewood for $1.7B
Griffin Gaming Partners acquires stake in tinyBuild
VC
LeapXpert, a digital communications governance and compliant messaging intelligence platform, raised $180M in growth funding
Dominion Dynamics, a developer of next-gen defense systems and Arctic autonomy software stacks, raised $100M USD in Series A funding
Higharc, a generative AI platform for homebuilding and residential construction, raised $95M in Series C funding
Omen AI, a continuous fluid analysis company, raised $31M in Series A funding
Taxwire, a developer of an AI-powered sales tax automation and managed compliance platform, raised $25M in combined Seed and Series A funding
Pie, an AI-powered growth platform for small businesses, raised $19.5M in Series A funding
Baz Technologies,an autonomous codebase management and agentic coding verification platform, raised $9M in Extended Seed funding
Build, an AI-native infrastructure and automated real estate development platform, raised $8.5M in Seed funding
Arcturus, a developer of carbon-infused advanced conductor materials, emerged from stealth after securing $8M in Seed funding
SuperPlane, an open-source automation engine and AI-first engineering control plane, raised $2.6M in Pre-Seed funding
Kim.cc, an AI-native customer support and e-commerce service delivery platform, raised an undisclosed venture funding round
CRYPTO
Bitcoin is having a dismal year, and analyst says $40k plunge in play (more)
Bitcoin $4.4B supply overhang emerges as institutional demand wilts (more)
Strategy heads for 11th losing month in 12 as BTC weakness continues (more)
Jefferies warns of crypto market volatility as Clarity Act faces Senate test (more)
Crypto firms have spent $189M so far on 2026 US election, report says (more)
BULLISH BITES
📉 Why Nvidia stock is enduring a bit of a summer swoon.
❓ The AI age is missing its phone company.
⌛️ The ‘Father of the Internet’ is finally retiring.
🤝 Making new friends is hard. These social clubs want to make it easier.
DAILY SHARES
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