July 15, 2025

Markets:

S&P 500 futures were higher Tuesday after the release of the latest U.S. inflation report.

The consumer price index in June rose at a 2.7% annual rate. Economists polled by Dow Jones expected a 0.3% advance from the prior month and a 2.7% increase year over year.

Nvidia shares ticked more than 4% higher in the premarket after the chip company said it will resume H20 AI chip sales to China “soon.” “The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the company said in a statement Tuesday.

Financial heavyweights posted results on Tuesday morning. Wells Fargo posted an earnings beat, but a net interest income guidance reduction sent shares lower by 2%. Shares of JPMorgan Chase dipped about 0.3%, even though the bank posted better-than-expected second-quarter results driven by strong trading and investment banking revenue. Citigroup shares edged higher after the bank topped second-quarter results.

Investors are hoping that a second-quarter earnings season that comes in better than expected will boost a stock market that’s at all-time highs. Expectations are low heading into the season. The S&P 500 is projected to post a blended earnings growth rate of 4.3% on a year-over-year basis, according to FactSet data.

Wall Street is coming off a positive session, with stocks eking out a gain Monday even after President Donald Trump threatened a 30% tariff on the European Union and Mexico starting Aug. 1.

Portfolio:

We enter todays session holding setups in JOBY, AUR, SPCE, and MSTU.  Queue is igniting and we anticipate a busy session ahead.  Technically, we continue to build this massive overall breakout – the hated rally is just getting started and few understand this.  It's an AI and tech revolution that is still in it's early stages.  

QQQ we want 565 next.  SPY we want 630.  IWM is still lagging and this sector is just beginning to build.  We want 225 and build.  

Next big catalyst on the horizon…a new 70 billion initiative coming from the United States for AI.  Fed cuts are coming.  Potential tax relief for home owners.  There is a massive change coming and the markets have not even begun to catch up yet.