November 6, 2025

Markets:

U.S. stock futures were little changed on Thursday as investors kept an eye on the artificial intelligence trade as names in the space reach eye-watering valuations. Traders were also looking at Washington, as the Supreme Court heard arguments over the legality of the Trump administration’s tariffs.

Before the bell Thursday, Nvidia shares rose more than 1% However, Qualcomm shed more than 1%, even after the chipmaker posted better-than-expected quarterly results.

Investors increasingly expect the Supreme Court to rule against the Trump administration’s aggressive trade policy after high court justices on Wednesday expressed some skepticism about the trade taxes’ legality. The potential ruling would trigger a rollback of the president’s tariffs, likely pushing stocks higher.

AI-linked equities have also begun rebounding from valuation concerns that swirled earlier this week—another potential boon for the major indexes.  

Portfolio:

Our premarket guidance continues to keep us laser-focused on what truly matters—the real developments driving this market. The disbelief and doubt from the crowd? That’s the fuel that powers this rally even higher. Wait until we enter the chase phase—it’s going to be epic. The path of most pain is still UP, no matter what FinTwit or the headlines would have you believe. We know the game.

We enter today’s session holding positions in PATH, TSLL, WULF, ONDS, and WFC.. The queue is extremely active, so stay sharp. TSLA holds a major board vote today, and President Trump is set to make a significant announcement at 11 AM.

Be ready—today could move fast.