August 5, 2025

Markets:

Strap in—Wall Street’s showing signs of life again.

Stock futures ticked slightly higher early Tuesday, riding momentum from Monday’s strong rebound. But the calm didn’t last long—futures backed off their highs after former President Trump dropped a bombshell on CNBC, saying tariffs on chips and pharma are coming soon. That sent a jolt through the tech space and reignited trade tensions.

Still, fireworks are going off in individual names. Palantir exploded 6% after announcing it finally crossed the $1B revenue milestone—a huge win for defense tech and AI bulls. Meanwhile, Caterpillar stumbled after a rare earnings miss, and Hims & Hers dropped over 12% as Q2 numbers came up short.

Monday’s snapback helped erase the sting from Friday’s bloodbath, where new tariffs and a weak jobs report rattled confidence. But with a packed earnings slate today—Snap, AMD, and Rivian are on deck after the close—volatility isn’t going anywhere.

Portfolio:

PLTR crushed it. The AI narrative isn’t just alive—it’s catching fire. And tonight, AMD steps into the spotlight. This report could be everything for the semis and broader AI trade short term.

How about that SPY 619 bounce? Absolutely textbook. A clean flush and powerful rebound right at a key level—it’s the kind of price action traders dream of. The market may not be in full bull mode yet, but that was a flex.

As we said yesterday: forget the August snoozefest narrative. This market isn’t following the script. Volume? Still here but lighter a bit. Momentum? Building. This isn’t a vacation—it’s an opportunity.

And this morning, our queue is lighting up. We’re ready to fire on setups. Be ready.