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Tuesday, June 24th
All the war-propaganda, all the screaming and lies and hatred, comes invariably from people who are not fighting.”
– George Orwell
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Markets Today
🌏 Asia-Pacific: Up
🇪🇺 Europe: Up
🇺🇸 United States: Up
🛢️ Oil: Down
⚡Crypto: Up
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Major Market Events
- Israel and Iran agree to ceasefire. Will this truce hold?
- Powell testifies to Congress. Says he sees “inflation on the horizon.” Meanwhile, Trump calls for cuts.
- Unemployment rates for recent grads surges. It’s all the way at 6.1% as more entry-level jobs are taken by AI.
🤔 My Thoughts
Many housing markets are falling into correction territory, particularly in the south and southwest. With Powell being obstinate about rates, it may not be long until we start to see some real damage happen. Looking at you, Phoenix and Tampa.
Meanwhile, the 12-day war is over. Whether this peace holds or not remains to be seen, but Trump is very vocal that he expects it to.
The markets just won’t go down. It’s funny that when war started markets went up, and when war ended markets went up even more. We’re now approaching ATH territory on SPY.
Can anything derail this bull market? We’ll see
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These Stocks Could Be Days Away from Exploding!
Wall Street’s already positioning into some of this week’s biggest breakout opportunities — thanks to a predictable pattern most traders never even notice.
It’s called the Cash Calendar, and it just lit up green on a few tickers that could move fast once earnings drop.
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To Better Trading,
Alex Reid