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Welcome Back,

Market Headlines 👀 

• US Treasury Secretary Scott Bessent had an interview providing his latest insights on CNBC today.

• European Union continues to negioate trying to get a deal done ahead of the 8/1 deadline with the US.

• Block (XYZ) S&P announced last Friday after market close, Block would enter the S&P 500.

• S&P 500 (SPX) traded at all time highs briefly intraday.

Earnings 💸

• Dominoes (DPZ)

  • EPS: $3.81 beats (exp. $3.36)

  • Revenue: $1.14b meets (exp. $1.14b)

A note from Pacaso 📣

The Key to a $1.3T Opportunity

A new trend in real estate is making the most expensive properties obtainable. It’s called co-ownership, and it’s revolutionizing the $1.3T vacation home market.

The company leading the trend? Pacaso. Created by the founder behind a $120M prior exit, Pacaso turns underutilized luxury properties into fully-managed assets and makes them accessible to the broadest possible market.

The result? More than $1b in transactions and service fees, 2,000+ happy homeowners, and over $110m in gross profits for Pacaso.

With rapid international growth and 41% gross profit growth last year, Pacaso is hitting their stride. They even recently reserved the Nasdaq ticker PCSO.

Invest in Pacaso as a private company and join notable investors like Maveron and Greycroft for just $2.90/share.

Invest in Pacaso today.

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com.}

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

EPS estimates for 2025 and 2026 are turning higher for the S&P 500, reflecting greater optimism amongst forecasters that economic growth will remain resilient and corporates will be able to deliver strong profitability, even with uncertain backdrops(Contributed by Cameron Dawson, CIO at NewEdge Wealth).

Market Preview 🎞️ 

• Tuesday earnings: Coca-Cola (KO), Intuitive Surgical (ISRG) and Lockheed Martin (LMT) 

• Wednesday, July 23rd: MBA mortgage applications; Existing home sales

• Wednesday earnings: Tesla (TSLA), Alphabet (GOOGL), International Business Machine (IBM), and Chipotle (CMG) 

• Thursday, July 24th: Weekly jobless claims; New home sales

• Thursday earnings: Blackstone (BX), American Airlines (AAL), and Intel (INTC) 

• Friday, July 25th: Durable good orders

Enjoy reading?👇

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

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