Bitcoin Bets, Budget Bombshells & a Meme Stock Revival

• 📈 Market Indices Update

• 📢 Top 3 Market Stories

• 🔎 Rich & Powerful Are Buying

• 🔥 Underrated & Overrated Stocks

• 📊 One Chart

• 🚀 Biggest Market Movers

• 💡 Financial Term

📈 Market Indices Update

• S&P 500: ↓ 0.56% to 5,888.55 – Broad market dipped on weak sentiment.

• Dow Jones: ↓ 0.58% to 42,098.70 – Industrials dragged the index lower.

• Nasdaq: ↓ 0.51% to 19,100.94 – Tech stocks saw mild profit-taking.

• Gold (Spot $/Oz): ↓ 0.09% to $3,313.70/oz – Gold eased slightly as risk appetite returned.

• 10-Yr Treasury Yield: ↑ 0.03% to 4.48% – Yields ticked up on light bond demand.

• EUR/USD: 1.1316 (−0.11%) – Euro slipped against the dollar.

• USD/JPY: ¥144.90 (+0.01%) – Dollar was flat vs yen.

• Bitcoin: ↓ 0.37% to $107,610 – Bitcoin edged lower with risk assets.

^{_{Data as of market close, 4:00pm ET}}

📢 Top 3 Market Stories You Should Care About

1️⃣ Trump's “Beautiful Big Budget” Triggers Bond Market Alarm (FT)

• President Trump unveiled a $3.3T budget plan, calling it a “beautiful big bill” aimed at national revitalization through infrastructure, defense, and tax incentives.

• Debt-to-GDP is projected to soar to 125%, raising alarm bells among economists and credit markets.

• Bond yields jumped – the 10-year hit 4.5%, while the 30-year reached 5%, levels not seen in years.

🔎 Why It Matters: Rising yields could ripple across the economy—raising mortgage rates, pressuring growth, and increasing the cost of servicing debt.

2️⃣ GameStop and Trump Media Make Major Bitcoin Investments (Reuters)

• GameStop $GME purchased 4,710 bitcoins, valued at approximately $513 million, marking its first major foray into cryptocurrency.

• Trump Media & Technology Group $DJT announced plans to raise $2.5 billion to invest in bitcoin, aiming to diversify its revenue streams.

• Market Reaction: $GME sank 11% , while $DJT closed 10% lower following the announcement, reflecting investor concerns over the company's strategic shift.
  

3️⃣ U.S. and EU Navigate Tense Trade Negotiations Amid Tariff Threats (Reuters)

• President Trump postponed a proposed 50% tariff on EU imports until July 9, allowing time for further negotiations.

• The EU is engaging in discussions with the U.S. to enhance cooperation in sectors such as aerospace, steel, semiconductors, and critical minerals.

• Market Reaction: European markets rallied following the delay, with the euro reaching its highest level against the dollar since April 30.

🔎 What 5 Rich & Powerful Are Buying

📈 CEO Steven John Bandrowczak – Xerox Holdings
→ CEO purchased 22,300 shares at $4.48 of $XRX ( ▲ 2.08% ) 
→ Increased his stake by 6%, totaling ~$99,904

📈 Stanley Druckenmiller – Teva Pharmaceutical Industries
→ Duquesne Family Office added 5.88M shares in Q1 2025
→ Third consecutive quarter of buying $TEVA ( ▼ 3.42% ) 
→ Valuation seen as attractive: just 6.6X 2025 EPS forecast

📉 Daniel Loeb – Tesla ($TSLA)
→ Third Point sold its full 500,000-share position in Q1 2025
→ Position was acquired in late 2024
→ Signals reduced institutional conviction in $TSLA ( ▲ 0.43% ) 

💰 nCino ($NCNO) – $100M Share Buyback 
→ Coincides with internal layoffs at $NCNO ( ▼ 1.68% ) 
→ Aims to boost EPS and shareholder value

🚀 Retail Surge – MicroStrategy ($MSTR) & Nvidia ($NVDA) 
→ Retail investors bought $50B in stocks since April 8
→ Heavy interest in $NVDA ( ▲ 3.25% ) and $MSTR ( ▲ 1.75% ) (which holds $60B+ in Bitcoin)

🔍 Bonus: Bitcoin ($BTC) – Institutional Accumulation
→ $2.9B flowed into U.S. spot Bitcoin ETFs last week
→ Whale accumulation signals growing institutional interest

🔥 $NVDA ( ▲ 3.25% ) Q1 2025 earnings

📊 How the U.S. Financial System Has Changed (2007–2024)

Markets Got Huge

• U.S. debt + equity markets grew from $54T to $155T

• Grew twice as fast as global GDP

Debt & Lending Shifted

• U.S. Treasury debt jumped from $9T to $36T

• Bank loans nearly doubled

• 75% of mortgages now come from nonbanks (vs. 12% in 2007)

Private Over Public

• Private equity-backed firms more than doubled

• # of public companies keep shrinking — now just 4,000 in the U.S.

🔍 Big picture: More debt, fewer public companies, and nonbanks are taking over.

🚀 Biggest Market Movers

📈 Top 3 Winners

• $HOLO ( ▼ 35.39% ) – MicroCloud Hologram: Surged after announcing a “quantum breakthrough” in supervised learning and optimization.

• $FICO ( ▲ 4.02% ) – Fair Isaac Corp: Jumped on an analyst upgrade and positive regulatory comments about its strategic role.

• $WBD ( ▲ 0.2% ) – Warner Bros. Discovery: Spiked following a box office hit weekend and bullish streaming growth targets.

📉 Top 3 Losers

• $TEM ( ▲ 2.31% ) – Tempus AI: Tumbled after Spruce Point issued a “Strong Sell” report citing aggressive accounting concerns.

• $SNPS ( ▼ 1.61% ) – Synopsys: Slipped despite strong earnings, weighed down by China slowdown and tariff fears.

• $OKTA ( ▲ 1.34% ) - Okta: tumbled despite the identity mgmt software posting solid earnings and standing by its fiscal guidance for the year.

💡 Financial Term of the Week: Lock-up Period

A lock-up period is the timeframe—usually 90 to 180 days after an IPO—when insiders (like founders, execs, and early investors) can’t sell their shares.

Why it matters:
When the lock-up expires, those insider-held shares can flood the market, increasing supply and often pressuring the stock price.

What to watch for:

• Sudden stock dips post-lock-up

• High insider ownership pre-IPO

• Trading volume spikes around expiration dates

Investors track lock-up expirations closely—they can trigger volatility, opportunity, or red flags.