June 27, 2025

Markets:

Stock futures rose Friday, with the S&P 500 just a whisker away from its all-time high, as hope for a U.S.-China trade deal grew and traders awaited fresh U.S. inflation data.

Commerce Secretary Howard Lutnick told Bloomberg news that a framework between China and the U.S. on trade had been finalized. Lutnick added that the Trump administration expects to reach deals with 10 major trading partners imminently.

President Donald Trump also said Thursday “we just signed with China yesterday,” then a White House official later clarified he meant China agreed to “an additional understanding of a framework to implement the Geneva agreement.” China’s Ministry of Commerce also said Friday that the two countries had confirmed a trade framework that would allow the export of rare earths to the U.S. and ease tech restrictions.

The S&P 500 is on the verge of completing a stunning comeback from the closing lows set in April. Markets were in turmoil during the spring as investors feared President Donald Trump’s tariffs would hurt corporate earnings and tip the economy into a recession.

Portfolio:

We enter the session holding setups in AUR, ASTS, SOXL, LCID.  Very nice week and we are so close to SPY joining in on breakout mode with the Q's.  Euphoria in the market now with bullish July starting now. Have been seeing 8000C on SPX being picked up for 2027!  Very bullish sign. Just a few months back we had all of finwit saying SPY going to 0. How fast the trend shift in short term and explains why a traders emotions are so important. 

So many people hate this rally….just wait until they are forced to chase it.  The real move higher has not even begun yet and very few understand this.  

Be ready.