It was the perfect way to go into the Fourth of July and celebrate that “One Big Beautiful Bill” (#OBBB).

Leaderboard

Some solar names caught a break in the final #OBBB; meanwhile, Artificial Intelligence’s (AI’s) presence in cybersecurity and data center builds (CrowdStrike Holdings (CRWD) and Quanta Services (PWR) continued.

Market breadth was positive, with 70% of the S&P 500 (SPX) finishing the session higher.

Love was spread throughout the entire market as all factors finished in the green.

Nosebleed Territory

The market is probably due to some profit-taking and consolidation. On the downside, I want to see 6,150 hold and the rally resume.

Buckle up for the fearmongers this week ahead of the tariff pause expiration.

I suspect there will be deals and extensions.  

Prayers to the victims of the Texas flash flood.

Today’s Session

The market opened under some pressure which is natural after a three-day weekend.  Keep in mind, the market would not have closed at an all-time high on Thursday if there wasn’t any confidence deals were in the pipeline.

Those that missed the rally will comfort themselves with Taco Tarde gibberish. These are complicated issues, and they are being resolved in ways prior Presidents ignored or simply took on with old school tradecraft. That’s nothing more than a mechanism for keeping issues alive indefinitely.

The rally is broadening out, and it is great news.

Tweet

 

Home | Products & Services | Education | In The Media | Help | About Us | Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.