JP Morgan warning 🚨

Hope you're having a great Sunday! ☕📈 

Here’s your weekly market recap, bringing you the biggest updates in stocks, crypto, and the economy—quick, clear, and to the point.

Also do not forget to share this newsletter to win our referral prizes found at the bottom of this email and get the free investing eBook.

Stock Market

Stocks Headlines

$MSFT ( ▲ 0.58% ) : ​Microsoft will invest $400 million to expand four data centres near Geneva & Zurich, ensuring data remains in Swiss borders—critical for healthcare, finance & public services. The investment supports SMEs, includes AI/cloud training programmes, and adds to Microsoft’s 36‑year commitment in Switzerland

$CRWD ( ▲ 1.18% ) : CrowdStrike posted Q1 adjusted EPS of $0.73 (vs $0.66 est.) and revenue of $1.103B, up 20% YoY but just below expectations—sending shares down ~6–7%. The company launched a $1B buyback and raised full‑year EPS guidance ($3.44–3.56), but its Q2 revenue outlook came in light, fueling investor caution on growth momentum.

$AAPL ( ▲ 1.64% ) : ​Needham’s Laura Martin cut Apple from Buy to Hold, noting its P/E of ~26× is stretched, and Apple's lagging GenAI & Siri upgrades leave it vulnerable. With no iPhone replacement catalyst expected within 12 months, the analyst sees downside to $170–180, as the stock lags peers—down ~19% YTD.

$TSLA ( ▲ 3.67% ) : Tesla stock dropped ~14% after Elon Musk called Trump’s tax policies a "disgusting abomination", triggering threats from Trump to pull EV subsidies and federal contracts. The feud erased nearly $150B in market value. Despite political risks, analysts say Tesla’s robotaxi launch remains on track.

Spotlight

Mission: Impossible – The Final Reckoning has grossed $43.8M in China after just 9 days and is within $5M of surpassing its predecessor, Dead Reckoning Part One. With projected weekend China earnings of $9–11M, it's also close to joining the $50M+ club—a first for a Hollywood film there since Venom 3 .

Crypto

Crypto Radar

Stablecoin issuer Circle raised $1.05 B via an upsized IPO (34 M shares at $31), debuting on the NYSE under ticker CRCL. Shares surged from $31 → opened at $69, peaked near $104, ultimately closing around $83—a ~168% first-day gain and further 48% rise Friday, valuing the company near $32 B. Analysts see this as a catalyst for more crypto IPOs, buoyed by regulatory tailwinds.

Bitcoin pulled back from $105K to around $100K, triggered by U.S.–China tariff talks, recession fears, and speculation over custodial rehypothecation. However, institutional inflows remain supportive. The Musk–Trump feud added volatility to the market sentiment.

The FCA plans to lift the ban on retail access to crypto exchange-traded notes (ETNs), currently available only to professionals. The move includes new financial promotion rules, keeping derivatives off‑limits. It’s a key step in integrating crypto into the UK’s financial framework. Consultation open until July 7.

Economy

Economic News

The European Central Bank (ECB) reduced its key interest rate to 2.0%, marking its eighth cut in a year. Policymakers suggest the ECB is "nearly done" with cuts if inflation remains at the 2% target. However, U.S. tariffs and global trade tensions pose risks to price stability.

Employers added 139,000 jobs in May, surpassing forecasts of 130,000. The unemployment rate held steady at 4.2%, matching expectations. Job growth over the past year averaged 156,800 per month. Despite a slight slowdown from April’s 177,000, the labor market remains resilient amid economic headwinds.

​At the Reagan National Economic Forum, JPMorgan CEO Jamie Dimon cautioned of an impending bond market crisis due to excessive post-pandemic borrowing. He emphasized the need for policy reforms and criticized the U.S. focus on Bitcoin over military and strategic investments. Dimon reiterated his skepticism towards cryptocurrencies, calling them overhyped and overbought .

Enjoying Market Handbook so far?

If you find it helpful, consider sharing it with a friend or two who might enjoy it too. As a bonus, we’ve just launched our referral program:

👯‍♂️ Refer 2 friends → Get a shoutout in the next issue

📚 Refer 20 friends → We’ll send you a free financial book

👉 Submit a referral here

Disclaimer:
We are not financial advisors, and the information provided in this newsletter is for educational purposes only. Always conduct your own due diligence and consider what makes sense for your individual financial situation. Investing involves risks, and there is no guarantee of making money. In fact, you may lose money. We aim to provide you with the tools and insights to help you make informed decisions, but the ultimate responsibility lies with you.