December 3, 2025

Markets:

U.S. equity futures are moving higher this morning as traders digest fresh economic signals and reassess the broader outlook. Bitcoin is also extending its rebound after the sharp pullback seen in recent weeks.

Futures trimmed some of their early gains after ADP reported a surprise drop of 32,000 private payrolls in November, despite expectations for a 40,000 increase. That softer labor print has already shifted some rate-cut expectations across markets.

On the corporate front, Marvell Technology jumped over 10% premarket following upbeat data-center growth projections, while American Eagle Outfitters surged more than 13% after raising its full-year outlook—citing a strong kickoff to holiday spending.

Stocks posted solid gains on Tuesday, led by tech strength and another rebound in bitcoin after Monday’s washout—the cryptocurrency is now trading above $93,000.

Seasonality is also coming back into focus. December historically favors U.S. equities, and after November’s heavy profit-taking reset valuations in many winners, traders are eyeing the potential for a strong year-end run.

Looking ahead, the market remains laser-focused on the Dec. 10 Fed decision. The CME FedWatch tool now shows nearly 89% odds of a rate cut—dramatically higher than mid-November expectations.

Portfolio:

As always, block out the noise. Trade what’s in front of you. Let trend, momentum, and clean price action guide your decisions—not headlines, fear cycles, or social-media noise machines.

That said, there is one legitimate headline worth noting this morning:
“TRUMP ADMIN CONSIDERING ORDER ON ROBOTICS NEXT YEAR: POLITICO.”
If true, that’s a roadmap into 2026. Think TSLA, and dig into robotics-exposed names like RR and SERV—this could open a major thematic runway.

We come into today positioned in APLD, MSTU, AMPX, and BMNR —and the queue is lighting up. Expect additions today. Stay alert.

We still want to see the S&P make a push toward 7000 into month-end.

Bitcoin is also a major focus. A move back toward $100K+ could pour fuel on risk assets—and the recent correlation between BTC and the S&P has been stronger than usual.

Be ready, and let’s capitalize. Great day ahead.