Welcome Back,

Market Headlines 👀 

• US President Trump unveils 25 % tariffs on Japan and South Korea starting August 1st.

• Tesla (TSLA) shares sink after Elon Musk announces formation of ‘America Party’ over the weekend.

• Alphabet (GOOGL) announces Waymo may be expanding to the East Coast, possibly in Philadelphia.

• CoreWeave (CRWV) announces a $9b all stock acquisition of Core Scientific.

A note from Investors Alley 📣

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

With still 72% of names trading above their 50 day moving average, there has been broad participation in this rally, but as noted in the prior chart, it is the largest cap weights that are amplifying the magnitude of the rally, which is why a relatively small number of names are making new 52 week highs.(Contributed by Cameron Dawson, CIO at NewEdge Wealth).

Market Preview 🎞️ 

• Tuesday, July 8th: Consumer credit

• Wednesday, July 9th: MBA mortgage applications; EIA crude oil inventories

• Thursday, July 10th: Weekly jobless claims

• Friday, July 11th: Treasury budget

Enjoy reading?👇

That’s all for today, folks! We’ll be back around the same time Thursday with a curated list of important news, economic data and market highlights. 

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