"No trade deals"

S&P closes at record high, world powers scramble to secure US trade deals, Canada axes digital services tax to advance trade talks, Nvidia insiders dump more than $1 billion in stock, and Trump says group of ‘very wealthy people’ are ready to buy TikTok...

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Market Briefing
June 30, 2025

Good morning.

The Fast Five → S&P closes at record high, world powers scramble to secure US trade deals - Trump says deals not needed, Nvidia insiders dump more than $1 billion in stock, and Trump says group of ‘very wealthy people’ are ready to buy TikTok…

Calendar: (all times ET) - Full Calendar

  • Today:
    none watched

  • Tomorrow:
    Construction spending, 10:00A
    Job openings, 10:00A
    Auto sales, TBA

Your 5-minute briefing for Monday, June 30:

BEFORE THE OPEN

As of market close 6/27/2025.

Pre-Market:

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

Previous week: 36.67%.

Market Wrap:

• Futures rise: S&P +0.4%, Nasdaq +0.55%, Dow +253 pts (+0.57%)
• Strong June: S&P +4.4%, Nasdaq +6.1%, Dow +3.7% MTD
• S&P, Nasdaq hit record highs Friday
• Senate vote looms on Trump’s “big, beautiful” bill
• Trade whiplash: US cuts Canada talks, China deal framework finalized
• Mahoney: Market shrugs off bad news, keeps climbing

EARNINGS

Light week. Market closes early Thu, 7/3 @ 1:00P; and closed Fri, 7/4.
Here’s what we’re watching:

What the Media is Overlooking About Gold

Today's price movements in gold are identical to setups we've seen before. Including gold's historic 2,300% leap in the 1970s after President Nixon took the US off the gold standard.

And even though many investment firms are focused on $4,000 – I'm convinced gold will soar past $5,000. And have found a much better way to profit from this new gold boom than buying bullion, miners, or ETFs.

HEADLINES

President Trump’s pause on his ‘Liberation Day’ tariffs ends July 9.

A looming deadline to make trade deals doesn't necessarily matter, Trump said Sunday, because the US will simply send letters to hundreds of countries assigning tariff rates.

  • S&P 500 closes at a record Friday (more)

    • The S&P 500′s high is a gift that can be taken away (more)

  • Canada axes digital services tax in push to advance trade talks with US (more)

  • Trump tax bill hits Senate with GOP torn by competing demands (more)

  • Elon Musk rips into ‘utterly insane’ Trump-backed megabill (more)

  • Bond traders basking in gains bet Fed will fuel winning streak (more)

  • Dollar sags as optimism over US trade deals boosts bets on Fed easing (more)

  • Oil falls on prospect of more OPEC+ supply, easing risks in Mideast (more)

  • Trump says he has group of ‘very wealthy people’ ready to buy TikTok (more)

  • Nvidia insiders reportedly dump more than $1 billion in stock (more)

  • Nike soars 17% after CEO soothes investors, says recovery is on the horizon (more)
    UBS kicks off share buyback program of up to $2 billion (more)

  • Lumen Technologies’ CEO on ‘playing to win’ after its $6B deal with AT&T (more)

DEALFLOW

M+A | Investments

  • Blackstone buys $2 billion in CRE loans from Atlantic Union

  • Torginol receives strategic investment from GreyLion

  • Sceye receives investment from SoftBank Corp

VC

  • Xona, a satellite navigation specialist, raised $92M in funding

  • Clearspeed, a voice-based risk assessment tech company, raised $60M in Series D funding

  • Gensmo, an AI-native fashion agent service, raised $60M+ in angel funding

  • Foresight, a software company that connects the private market through data, closed a $5.5M Seed funding round

  • 2wai, an AI avatar development company, raised $5M in Pre-Seed funding

  • Nephrolytics, an AI clinical intelligence provider for kidney care, raised $2.5M in a SAFE round

  • Extra Duty Solutions, a provider of off-duty scheduling software for public safety agencies, raised equity funding from Bregal Sagemount

  • Vellum Health, a mobile healthcare platform, raised Series A funding

CRYPTO

  • Bitcoin Soars, Altcoins Fade in $300 Billion Crypto Shakeout (more)

  • Coinbase makes TIME’s 100 Most Influential Companies of 2025 list (more)

  • African blockchain currency exchange aims to break dollar dominance (more)

BULLISH BITES

🤫 It’s known as ‘The List’—and it’s a secret file of AI geniuses.

🍽 Why AI will eat McKinsey’s lunch — but not today.

🧠 Two Neuralink implantees playing Call of Duty using just their minds..

👰🏻‍♀️ At Bezos’ Venetian wedding: buzz, bling and backlash...

DAILY SHARES

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