July 9, 2025

Portfolio:

Stock futures rose slightly Wednesday as investors monitor the latest tariff updates from President Donald Trump.

Traders were on guard during Tuesday’s session as Trump rolled out new updates to his tariff policy.

On Tuesday, Trump said in a Truth Social post that there would be no change or extensions on the raft of duties he announced on those nations, which include Japan and South Korea. The new tariff rates range from 25% to 40% and are set to begin on Aug. 1.

Trump on Tuesday also announced a 50% levy on copper imports and hinted that further sector-specific tariffs will soon be announced. He threatened Tuesday afternoon to impose up to 200% tariffs on pharmaceuticals imported into the U.S., but said that he will “give people about a year, year and a half” until the duties go into effect.

In addition to watching further tariff policy developments on Wednesday, traders will be monitoring the release of the Federal Open Market Committee’s minutes from its last meeting.

President Donald Trump is weighing a choice between two candidates named Kevin as the potential next chair of the Federal Reserve, according to the Wall Street Journal.

Portfolio:

We enter todays session holding setups in BTBT, AUR, and RKLX.   

We always like to point to "under the hood" trades that we feel are a great tell for overall market moves.  Yesterday, we saw a massive trade go off on QQQ Nov 2025 Calls for 565.  Close to a 6 million dollar trade.  If you look at the internals for the overall market – SPY, QQQ, and now IWM, – you can see why we get excited for what is building.  

Yesterday we also saw a purchase of  $4,200,000 worth of SPY 620 for August.  Bears still trying to call top. 

It does feel we have received tarrif news everyday in July so far but today we received good new with the following headline:  EU plans to finalize trade agreement with the US before August 1st, possibly within days -EU Commission.

Watching flow closely today and we proceed, especially with FOMC on tap.