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$3.4T mega budget is signed...now what?
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.
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⚡ Quick Market Highlights
Stocks:
Dow +2.30%, S&P 500 +1.72%, Nasdaq +1.62%
Dark pools now handle 15% of total stock trades.
Nvidia hits all time high.
Crypto:
Robinhood launches crypto stock tokens.
Coinbase files to US banking license.
Economy:
Trump signed a $3.4T budget.
EU agrees to 10% tariff framework.
📈 Stock Market Roundup
Index | Week | Month | Year |
|---|---|---|---|
DOW | +2.30% | +4.83% | +13.85% |
S&P 500 | +1.72% | +4.65% | +12.79% |
NASDAQ | +1.62% | +5.48% | 12.25% |
FTSE 100 | +0.27% | -0.17% | +7.54% |
STOXX 50 | -0.69% | -2.60% | +6.21% |
NIKKEI 225 | -1.93% | +5.48% | -2.69% |
Stocks Headlines
🎬 Disney Upgrade by Jefferies
$DIS ( ▲ 0.83% ) stock was upgraded from Hold to Buy with a new target of $144, implying roughly 17% upside. The boost is fueled by expected improvements in parks, cruises, and streaming margins.
💊 AbbVie to Acquire Capstan Therapeutics
$ABBV ( ▼ 0.77% ) is set to acquire Capstan Therapeutics for up to $7.3 billion in cash and stock, enhancing its oncology pipeline and reinforcing long-term growth initiatives.
🚀 Nvidia Hits All‑Time High on AI Momentum
$NVDA ( ▲ 1.33% ) shares soared over 4%, pushing the company's market cap past $3.77 trillion, making it the most valuable publicly traded firm, driven by booming AI demand
🔍 Dark Pools Handling More Stock Trades
Trading volume in dark pools—private exchanges—has surged, now representing nearly 15% of total stock volume, signaling increasing institutional preference for off-exchange execution.
🔦 Spotlight
🕶️ Are Apple Glasses Coming?
Apple’s smart glasses are still in development, with no official release date. Analysts suggest a 2027 launch, starting with audio-focused features like voice control and gesture input. Full AR functionality may not arrive until 2028 or later.
💰 Crypto Universe
Asset | Week | Month | Year |
|---|---|---|---|
Bitcoin | -0.28% | +2.37% | +93.45% |
Ethereum | +0.46% | -0.49% | -14.26% |
XRP | +1.85% | +3.23% | +435.88% |
Crypto Radar
🤝 Robinhood Goes All‑In on Crypto
Robinhood unveiled a major crypto roadmap: launching 200+ tokenized U.S. stocks & ETFs in Europe, rolling out perpetual futures in the EU, and introducing Ethereum & Solana staking in the U.S. Its stock hit fresh all-time highs on the news.
🏦 Coinbase Files for Bank License with SEC
Coinbase has formally filed for a U.S. banking license, signaling intentions to offer deposit-taking and lending services under stricter regulatory supervision.
🐋 Bitcoin Profit‑Taking as Whales Move $2.18 B
Two dormant Bitcoin “whale” wallets moved $2.18 billion worth of BTC this week, triggering a dip below $109K and fueling speculation ahead of U.S. “Crypto Week”.
🌍 Economic Snapshot
Region | GDP Growth | Inflation Rate | Interest Rate |
|---|---|---|---|
USA | -0.50% | 2.40% | 4.50% (Fed) |
UK | 0.70% | 3.40% | 4.25% (BoE) |
Eurozone | 0.60% | 2.00% | 2.15% (ECB) |
Economic News
📈 US Job Openings Reach Highest Since November
May job openings climbed by 374,000 to 7.77 million, marking the highest level since November 2024. Gains were broad-based, especially in hospitality (+314k) and finance (+91k), while government postings dipped 39k .
📜 Trump Signs $3.4 Trillion "Big Beautiful Bill" in July 4 Ceremony
During a patriotic White House event, Trump signed the sweeping tax-and-spend bill, extending 2017 tax cuts, cutting Medicaid/food stamps by $1.2 trillion, and boosting immigration enforcement. The CBO projects a $3.3 trillion deficit increase over the next decade.
💶 EU Accepts 10% Universal Tariff Under Conditions
The EU agreed to a 10% blanket tariff as part of a tentative trade framework—stressing the need for sector exemptions (pharma, autos, aircraft) and relief from existing U.S. tariffs on cars (25%) and steel (50%).
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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.