June 3, 2025

Markets:

Stock futures slipped on Tuesday, putting Wall Street on track to give up some of the modest gains seen in the first session of June, as growth concerns increase.

Tuesday’s declines follow the Organization for Economic Co-operation and Development cutting its U.S. growth outlook. The OECD now sees the U.S. economy expanding by just 1.6%, down from 2.2%.

Treasury yields declined, as traders sought out safety. The benchmark 10-year Treasury note yield dropped 4 basis points to 4.418%.

Concerns over the state of the U.S. economy have grown this year as trade tensions with other countries heighten — especially China.

The Trump administration is calling on countries to give their best offers on trade negotiations by Wednesday, Reuters reported Tuesday.

Reuters, which cited a draft letter to negotiating partners from the office of the United States Trade Representative, said the letter reveals that the administration is asking countries to list their best proposals in various areas, such as tariff and quota offers for buying U.S. industrial and agricultural products as well as ways to alleviate any non-tariff barriers.

Portfolio:

We enter todays session holding setups in AMC and METU.  Queue is igniting and we are telling you to prepare for an absolute monster summer ahead.  

Yesterday we saw massive flow in a few names.  PLTR saw not only upside call volume but massive ITM Put selling.  TSLA saw monster OTM call buying.  AAPL saw some massive upside call flow.  The one that did raise concern was AMZN put buyers yesterday.  

Will be watching a few key sectors today.  I'm telling you, let positive news flow from this tariff negotiations / best deals by tomorrow, and you have the potential for a rip your face type of move as we are sitting on catapults across a number of names and sectors.