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Wednesday, July 9th

“Perhaps the best we can do is practice the art of silence, specially in this period of over-publication and shouting controversialists. After learning the art of silence, then we can relearn the lost art of conversation, so to become conversable men.”

-Philip Rieff

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Markets Today

🌏 Asia-Pacific: Up

🇪🇺 Europe: Up

🇺🇸 United States: Down

🛢️ Oil: Up

⚡Crypto: Up

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Trump’s “Big Beautiful Bill” Just Passed — And These Stocks Could Explode!

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Major Market Events 

• Trump escalates tariff threats with new wave of letters — The president unveiled another batch of trade letters hinting at new tariffs between 20–30% on nations like Algeria, Libya, and Iraq. Markets remain cautious as the full scope of this strategy remains unclear.
  
• Linda Yaccarino steps down as CEO of X — After a turbulent tenure under Elon Musk, Yaccarino’s departure marks another shakeup at the embattled social media company.
• Nvidia tops $4T market cap — The chipmaker becomes the first to reach a $4 trillion valuation, fueling optimism in the AI and semiconductor space.

🤔 My Thoughts

One of the things I love about the Profit Panel is how often Jeffry Turnmire throws out a market nugget that completely shifts how our viewers see things.

Yesterday was no different.

We were talking about the broader market setup — specifically whether this rally still has legs — when Jeffry brought up something I haven’t heard anyone talking about recently: the Yen carry trade.

Now, I know that probably sounds technical. But it’s actually pretty straightforward — and important.

Here’s the quick version:

The Japense Yen has really low interest rates, which means global investors can borrow money in Japan cheaply, then use that money to buy higher-return assets elsewhere — like U.S. stocks, crypto, or tech.

That’s the “carry” part:

Borrow low, invest high.

But here’s the catch…

If something goes wrong — say the Yen strengthens suddenly or Japanese rates rise — it forces investors to unwind those trades fast.

And when that happens, it’s not just Japan that gets hit. You see a domino effect: money gets yanked out of U.S. markets, crypto gets slammed, and everything starts to wobble.

In fact, Jeffry reminded us that this exact kind of unwind led to last summer’s mini pullback. (remember the “crash” in early August?)

Now here’s where it gets really interesting…

Jeffry watches the Nikkei Futures (ticker symbol Nkd! on TradingView) like a hawk…

Not to trade it, but as a global liquidity indicator. He believes we’re right on the verge of a breakout there, which could mean another massive influx of liquidity into risk assets.

In other words, if this carry trade keeps rolling smoothly, we might not just get a slow grind up… we could see a “melt-up” scenario — the kind where markets go vertical and everyone suddenly panics about not being in.

But if it unwinds? Buckle up.

I thought that was one of the most important ideas we shared on yesterday’s panel — and I wanted to make sure you didn’t miss it.

If you’re not already joining us for the live show, you should be.

Every weekday 11am Eastern, we go live and break down the market in real time. And the best part is, it’s free to attend.

👉 Click here to get register for the next Profit Panel.

To Better Trading,

Alex Reid

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