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Friday, July 11th
“Even biology knows that habitual, extreme safety and well-being are not advantageous for a living organism. Today, well-being in the life of Western society has begun to reveal its pernicious mask.”
– Aleksandr Solzhenitsyn
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Markets Today
🌏 Asia-Pacific: Down
🇪🇺 Europe: Down
🇺🇸 United States: Mixed
🛢️ Oil: Up
⚡Crypto: Up
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These big beautiful stocks are about to start booming!
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Major Market Events
- Trump hits Canada with 35% tariffs — New duties spark fears of broader trade war as markets retreat on escalating tension.
- Bitcoin breaks above $118,000 — Crypto rallies sharply to fresh record high amid inflation fears and risk rotation
- Stocks retreat on tariff escalation — S&P 500 slips as traders digest new trade threats and brace for summer volatility.
🤔 My Thoughts
I’ll be blunt.
The latest bill out of Washington quietly slipped in a rule that effectively bans winning at gambling in the U.S.
No press conference. No victory lap. Just a buried provision that says professional gamblers can no longer deduct 100% of their losses.
Now, that might sound like a weird, technical change… but let me put it in plain terms:
Let’s say you’re a pro sports bettor who wins $100k a year after losing $900k in bets — totally normal for that profession.
Thanks to this new law, you can only write off $810k.
So instead of paying taxes on $100k profit… you’re taxed like you made $190k.
That’s a death sentence for anyone trying to win consistently.
But guess who loves this change? The sportsbooks.
Because now, the only people left betting will be the ones guaranteed to lose.
It’s one of the most cynical setups I’ve seen in a while — and yes, I’m eyeing DraftKings (DKNG) because of it.
Every weekday morning — including right now, we’re LIVE discussing the hottest setups and most actionable plays.
Register your spot here to join us next time we go live!
Come hear what else the market is rewarding — even if it shouldn’t.
To Better Trading,
Alex Reid
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