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Monday, June 30th
“Almost everybody is born a genius and buried an idiot.”
– Bukowski
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Markets Today
🌏 Asia-Pacific: Mixed
🇪🇺 Europe: Down
🇺🇸 United States: Up
🛢️ Oil: Down
⚡Crypto: Up
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Wall Street just piled $1.2 million into *THIS* ticker…
And Alex Reid wants to give it to you — at zero cost!
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Major Market EventsÂ
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S&P 500 hits another record. Signs of progress in trade negotiations helped stocks cap a volatile Q2 with a powerful rebound.
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Robinhood surges after European expansion. The trading app jumped over 12% following news it’s expanding into EU market
- Late-stage tariff talks heat up. The U.S. and EU are pushing Japan to lift exemptions, while Trump’s tariff megabill undergoes last-minute changes.
🤔 My Thoughts
Earlier this year, everyone was bracing for a major pullback.
Bond spreads were blowing out. Recession warnings were flying. A bunch of smart people were pounding the table on the “inevitable” slowdown.
And… yeah. That didn’t really happen.
Spreads have come down.
We just saw massive inflows into bonds.
And despite all the noise — war headlines, inflation, politics — the S&P is basically chilling near its highs.
So I asked the question during today’s Profit Panel:
“Do stocks only go up now?”
Look, maybe that sounds dumb.
But the bond market isn’t pricing in fear. It’s pricing in calm. Which is weird, considering we’ve got a 5 trillion dollar deficit and a market that’s already run hard.
It doesn’t mean we won’t see a correction. It doesn’t mean everything’s fine.
But if you’re sitting in cash waiting for that big “reversion,” just be honest: how long are you willing to wait?
This market might still have legs — even if it makes no sense.
To Better Trading,
Alex Reid