June 29, 2026

Markets:

Stock futures rose Monday, with tech rebounding after a tough week. Investors also weighed a pause in hostilities between the U.S. and Iran.

Dow Jones Industrial Average futures rose 240 points, or 0.5%. S&P 500 futures ticked higher by 0.9%, while the technology-heavy Nasdaq-100 futures advanced 1.2%.

Traders were keeping a close eye on U.S. tech stocks following last week’s sharp market swings across the sector.

The U.S. and Iran agreed Sunday to pause hostilities and allow commercial vessels to transit the Strait of Hormuz freely, following a weekend of military exchanges that threatened to derail negotiations aimed at ending their conflict.

Crude prices rose at the start of the week as traders assessed whether the pause in hostilities would hold and ease concerns over disruptions to energy supplies. International Brent oil climbed 0.67% to $72.47 per barrel. West Texas Intermediate futures advanced 1.2% to $70.06.

Wall Street is coming off a mixed week marked by a rotation out of technology stocks and into other sectors.

Portfolio:

We enter this holiday-shortened week holding strong setups in QBTS, ONDS, and PENG.

Historically, July has been one of the strongest months of the year for the market and often delivers some of the best Q3 returns, especially following a weak June. As we move into a new quarter, the seasonal tailwinds and renewed momentum will be on full display!

One thing standing out this morning is the entire MAGS group is trading green. Even IGV is pushing higher, with strength across key names like PLTR and MSFT. This type of broad participation is exactly what we want to see heading into July.

The QQQ is testing the previous day’s high (PDH). A breakout here opens the door toward the 720 resistance area, with 725-729 representing the next major zone to watch. There is still a gap lower around 706 that could be filled at some point, but given the current strength in the mega-cap tech names, I do not expect that to happen today.

The global AI race continues to accelerate. South Korea is reportedly preparing to launch three major initiatives focused on semiconductors, AI data centers, and robotics. The competition to lead the next technology revolution is intensifying, and we believe this trend will continue driving growth, investment, and valuations for years to come.

Momentum is building, and the next phase of this market is just beginning.  The chop sucked the last several sessions, but July will provide a much different narrative.