June 11, 2025

Markets:

Stock futures moved lower Wednesday after China and the U.S. reached a trade policy consensus. Investors also awaited the release of May’s consumer inflation report.

U.S. and Chinese officials reached a consensus on trade after a second day of talks in London. U.S. Commerce Secretary Howard Lutnick said he and U.S. Trade Representative Jamieson Greer will return to Washington to “make sure President Trump approves” the deal outline.

As part of the framework, China would approve the exports of rare earth minerals. Meanwhile, the U.S. would roll back sales restrictions of advanced tech goods to China.

The discussions are a key focus for investors that remain jittery toward any jolts on trade policy. Both China and the U.S. previously agreed to temporarily lower high tariffs on one another in May, although a fully ironed-out agreement has yet to materialize.

Stocks rose Tuesday as traders grew optimistic that a deal would be reached.

Investors will get further insight into the U.S. economy on Wednesday morning as the Bureau of Labor Statistics rolls out May’s reading of the consumer price index. Economists polled by Dow Jones call for a 0.2% month-over-month increase, while headline CPI is anticipated to have grown 2.4% from 12 months earlier. A hot report could spook investors who are already on edge over inflationary pressures.

Portfolio:

Strong day yesterday and looking forward to the price action today brings.  I still cannot believe how many are chasing tops and trying to short this market right now.  The pain trade is higher and so many refuse to see it.  

We enter todays session holding setups in NVTS, LCID, and BBAI.  Queue is igniting and we want to add so please be ready today.  

Technically, SPY is now doing it's thing and joining in on the Q's run.  IWM also has begun.  This is setting up for a monster summer runway which again – few understand.  Be ready today!