July 25, 2025

Markets:

Stock futures were relatively unchanged on Friday after the S&P 500 and Nasdaq Composite reached another record closing high and major indexes looked to close out a positive week.

Thursday marked another positive day for the S&P 500 and Nasdaq, as both indexes scored fresh all-time intraday and closing highs. That marked the broad market index’s 13th record close of 2025, four of which were recorded this week as the index finished above 6,300 for the first time on Monday. The Nasdaq, meanwhile, has seen three record closes this week, breaking the 21,000 threshold on Wednesday.

The journey to all-time highs over this past week has been supported by a strong earnings season, including Alphabet’s better-than-expected earnings report. More than 82% of the 169 S&P 500 companies that have reported to date beat Wall Street’s expectations, according to FactSet.

Recent deals between the U.S. and its trading partners have also helped push the market to new heights. Earlier this week, President Donald Trump announced a “massive” trade deal with Japan, which includes 15% “reciprocal” tariffs. The president also said this week that the U.S. and Indonesia have settled on the framework of a trade agreement.

Investors are now awaiting any further trade announcements before the Trump administration’s Aug. 1 tariff deadline.

Next week is also when the Federal Reserve is scheduled to meet once again. Policymakers are widely expected to keep interest rates at their current target range of 4.25% to 4.5%.

Portfolio:

We enter the final session of the week holding setups in RIVN, MSTU, and RR.

Adjust your stop on MSTU to 7.76.

 Queue is igniting but we are trying to be as patient as possible with adding here.  Next two weeks will be a monster with earnings and throw in FOMC.  Flow is so important right now and monster opportunity continues to develop.  Whats happening right now is they are grinding option premiums the last few days, this is a typical cycle and we just want to be patient with adds and then jump all over this.  Technically, it continues to build and whats to come over the next several months few understand.  Be ready!