August 7, 2025

Markets:

Stock futures rose on Thursday, led by tech, as President Donald Trump unveiled new chip tariffs that include broad exemptions.

Trump announced late Wednesday that there would be a 100% tariff on imported chips, but not for companies that are “building in the United States.” Nvidia shares rose more than 1% in the premarket, while Advanced Micro Devices climbed more than 2%. The VanEck Semiconductor ETF (SMH) gained about 2% before the bell.

Apple also gained 2% after the iPhone maker announced plans to spend an additional $100 billion on U.S. companies and suppliers over the next four years. That’s on top of a $500 billion announcement Apple made in February.

The market is shrugging off the Trump administration’s “reciprocal” tariffs, which went into effect Thursday. In a post on Truth Social, the president wrote that “BILLIONS OF DOLLARS IN TARIFFS ARE NOW FLOWING INTO THE UNITED STATES OF AMERICA!”

Also supporting sentiment, recent economic data, including weekly jobless claims, signaled the U.S. economy may still be in solid shape. This comes after July’s weaker-than-expected jobs reading rattled the market last week.

Portfolio:

We hope our commentary has helped you stay confident and on track—it’s been dead-on so far. This tech-powered wave continues to gain strength, and what’s forming is nothing short of a trader’s dream.

Yes, there will be bumps—but the runway being built here hasn’t been seen in decades.

We’re entering the session with active positions in ONDS, APLD, GLW, and RYCEY—and we’re just getting started. The queue is heating up, and we’ll be rolling out fresh setups for the coming month.

Yesterday brought a wave of bullish flow into the likes of TSLA, AAPL, GOOGL, and AMZN—a rare show of strength, especially in August, historically one of the market’s softest months.  Be ready today.