July 16, 2025

Markets:

Stock futures rose on Wednesday, as investors weighed earnings releases from big banks and digested the latest wholesale inflation report.

Big bank earnings releases continued for a second day. Bank of America reported better-than-expected earnings for the second quarter, sending shares up more than 1%. Goldman Sachs shares jumped 1.5% after topping second-quarter expectations on the back of better-than-expected equities trading. Shares of Morgan Stanley, which also beat expectations, dipped about 0.3%.

June’s producer price index, considered a leading indicator for pipeline inflation pressures, reflected no change in wholesale prices for the month. Economists polled by Dow Jones expected a 0.2% increase for PPI.

That report follows Tuesday’s data which reflected an increase in consumer prices in June from the previous month. The report weighed on markets during the previous session, fueling concerns about the impact of President Donald Trump’s tariffs as they make their way through the economy.

Trump over the weekend fanned the flames of his trade war after he announced a 30% tariff on imports from Mexico and the European Union beginning Aug. 1. Trump announced on Tuesday that he had reached a trade deal with Jakarta, which included a 19% tariff on the Asian country’s exports to the U.S.

Portfolio:

Very nice week so far and we enter the new session holding setups in AUR, MSTU, SPCE, and QS.

Key reminder; it's VIX expiration and monthly options expiration week.  This is key to understand.  

QQQ we want a break and hold of 560.

SPY hold 620 and break above 628 is what we want to see.  

Be ready today.