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Duncan Angove breaks down the takeaways from Blue Yonder’s 2025 Global Consumer Sentiment on Grocery Inflation survey. He notes that consumers are pulling back “entirely” from some categories and says that they are very deal-driven. He says that blaming it all on tariffs is not “strictly accurate,” as most food in the U.S. grocery stores is “sourced locally.” However, he acknowledges tariff impacts on manufacturing goods like cans.
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Sam Vadas wraps up Tuesday's trading action with shares closing in the green. All 4 major indices built on Monday's rally as investors positively react to calming tensions in the Middle East. On the stock front, Broadcom (AVGO) soared to new all-time highs on the back of an upgrade. Mastercard (MA) announced a partnership with Fiserv (FI) signaling further stablecoin adoption. And, Carnival (CCL) shares rode the wave of an earnings beat to finish nearly 7% higher.
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Louis Kondratev breaks down the demographics behind crypto adoption, showing how Americans are trying to change the narrative around the digital assets from an investment to a payment tool. He adds the blockchain technology is "just as exciting" as the actual cryptocurrency itself. Louis says blockchain markets could rise substantially within the next 2 years, pointing to Circle (CRCL) and Galaxy (GLXY) as early winners. Later, Louis discusses the ongoing legislative efforts to legalize pathways to further stablecoin adoption.
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Aeva Technologies (AEVA) shares spiked to a new 52-week high today. George Tsilis dissects the recent bullish activity in the name, pointing to its lidar technology being used by Waymo as a possible catalyst for the stock. For AEVA, George says the company provides sensor technology for the industrial space competing against AMD's Xilinx and Luminar (LAZR). George also details AEVA's partnerships at docking sites and with Daimler Trucks company. AEVA stock is up more than 530% year to date.
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Mike Townsend says we'll probably know by Thursday afternoon if President Trump's "Big, Beautiful Bill" will realistically make it through Congress by July 4th, saying the next 48 hours are critical. Nate Peterson adds perspective on Tuesday's rally, pointing to a stable bond market underneath the equity rally. Nate says the next hurdle that could disrupt the current market momentum will be the July 9th deadline of the 90-day tariff pause. Mike then turns his attention to this week's testimony from Fed Chair Jerome Powell, saying that public comments from other Fed officials are conflicting with Powell "sticking to the script."
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“It’s a long-term story,” David McAlvany says of gold, and it’s still going even as the metal pulls back from all-time highs. He compares buying gold futures to buying gold mining companies, and why investors might be interested in each. He says Bitcoin is “clearly not a safe-haven asset” and he thinks companies with it on the balance sheet could be in trouble if the market falls. For crude oil, he argues, “supply is the fulcrum” for price – and we have to look back to the Middle East as shale production falls into decline.
Kevin Green interprets today's options flow activity and price action as the S&P 500 (SPX) builds on Monday's rally. KG says the 6100 level will be a key area of resistance, adding that a close around the "6080ish level" is still a decent day. Later, he pulls up the "vol of vol" VVIX volatility chart as it falls alongside the equity rally. KG is watching any test of the 87 level. Lastly, he compares the SPX to a Technology/Utilities sector price ratio. KG explains why this correlation is one to watch for a bull market breakout, especially as markets appear ready to test all-time highs set back in February.
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Following a 10% downside move for crude oil so far this week, Vikas Dwivedi sees the downtrend continuing in the near-term. He sees lower risks out of the Middle East, but doesn't say it's over. Vikas says "high 50's/low 60's" could be a reasonable range for brent crude to trade in. On the positive side, Vikas commends U.S. response and action to calm volatility in the energy-producing region.
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Ben Emons thinks Fed Chair Jerome Powell’s comments soothed the market as it hopes for a rate cut. He gives his outlook for this week’s economic data and geopolitics. He thinks investors have a chance to buy the dip and gives his side of the TACO argument.
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WM (formerly Waste Management) President and Chief Operating Officer John Morris joins Nicole Petallides at the NYSE to celebrate his company's investor day. He discusses current company initiatives, including a growth into the healthcare services space with its Stericycle acquisition. Morris calls the company "recession resistant" and details the current workforce, WM's evolution and what's ahead in 2025.
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