Month/Quarter ends and everything is just peachy

Banks got some good news – you can’t have a prolonged rally without the financial sector

Bond yields soften a bit as Trump closer to Shadow Fed announcement

ATH for SP 500 and NAS100 (DJIA and Russ2000 still lagging)

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Warm-Up
- More companies are doing this again..
- Make Showering Great Again! MSGA
- - - Twitter Poll -
- New ways to buy stocks via tokens
- Musk/Trump Feuding Again

Markets
- Month/Quarter ends and everything is just peachy
- Banks got some good news - you can't have a prolonged rally without the financial sector
- Bond yields soften a bit as Trump closer to Shadow Fed announcement
- ATH for SP 500 and NAS100 (DJIA and Russ2000 still lagging)

Historically...
- Once we know the pattern - we know what usually happens next!

Stocks by Month

Circle (CRCL)
- MONDAY: Circle reverses ground after initially trading lower on JP Morgan initiation at Underweight and $80 price target.
- Note that several analysts' targets came in above $200.
- Stock down 15% since we mentioned last week (short idea)

Good News for Showering? MSGA
- As we know, Trump has railed against modern dishwashers, washing machines, light bulbs, showerheads and toilets, claiming that onerous government regulations render them less effective and more expensive.
- On April 9, Trump issued an executive order directing certain federal agencies “to incorporate a sunset provision” into a laundry list of energy production regulations, including those covering appliances. A month later, he issued a memorandum, entitled “Rescission of Useless Water Pressure Standards.”
- Following that, on May 12, the Department of Energy announced that it was preparing to eliminate or modify 47 federal regulations “that are driving up costs and lowering quality of life for the American people.”
- Many of the rules are covered in the Energy Policy and Conservation Act (EPCA), a decades-old law that mandates energy-efficiency and water-conservation standards for home appliances and plumbing fixtures.
- Meanwhile, the Environmental Protection Agency said it is planning to eliminate the Energy Star program, a popular voluntary initiative that manufacturers employ to rank their appliances based on energy conservation and cost savings, displayed on familiar blue labeling at retail as comparison-shopping guides.
- Twitter Poll

Twitter Poll

Just in....
- Shares of renewable energy companies are rising after a tax on solar and wind was removed from the Senate version of the One Big Beautiful Bill Act.
The Senate narrowly passed the legislation Tuesday and will now be considered by the House of Representatives.
The American Clean Power Association had warned that tax would up to $7 billion to the wind and solar industry’s burden.

Next Level?
- Robinhood launches stock tokens, reveals Layer 2 blockchain, and expands crypto suite in EU and US with perpetual futures and staking
- With tokenized stocks, our European app transitions from being a crypto-only app to an all-in-one investment app powered by crypto.
- European customers will have access to 200+ US stock and ETF tokens. Stock token holders will also receive dividend payments directly in their app.

Big Beautiful
- Clears first hurdle in the Senate (procedural)
- Needs to get going on the rest if they want to have it signed into legislation by July 4th
- Musk very vocal about the fact it is it is "utterly insane"
- Musk says: will “destroy millions of jobs in America and cause immense strategic harm to our country!” in a post on X.

MUSK not happy
- Elon does not like the massive spending bill - which it looks like - not the cuts they promised
- Elon poking at the Republicans that vote for it and Trump not happy
- Now Trump says he is going to send DOGE in to check out all the money the government is spending on Elon's businesses. Says if cut could save the country lots of money.

No Surprise
- Twenty-two of the largest banks in the U.S. are well-positioned to weather a hypothetical severe economic downturn and continue lending, with firms maintaining robust capital levels even after suffering hundreds of billions of dollars in losses, the Federal Reserve reported on Friday.
- The results of the U.S. central bank's annual "stress test" of large banks' finances found firms remain resilient in the face of a potential recession, a spike in unemployment, and market turmoil.
- The optimistic showing could lead to banks upping how much excess capital they plan to distribute to shareholders via dividends or stock buybacks.
- Monday Headline: Goldman Sachs +2.6% trades to new all-time high, trades above $700 level for first time; move follows Fed bank stress test results late Friday
--- The XLF (Financial Sector ETF) trading near all-time highs

Florida - Do We Love This?
- Alligator Alcatraz
- Florida AG proposes 'Alligator Alcatraz' migrant detention center in Everglades
- In a video statement on Friday, Uthmeier announced the plan to build a temporary migrant detention center on a 39-square-mile parcel in the Everglades.
- "This is an airport that's already there. Clearly, from a security perspective, if someone escapes, you know, there are a lot of alligators you're going to have to contend with. No one's going anywhere once you do that. It's a safe and secure as can be," the governor said.

Oh Cana-DUH
- President Donald Trump said Friday that he had terminated trade discussions with Canada, citing an incoming Canadian tax on tech companies including those based in the U.S.
- In a post on Truth Social, Trump referred to Canada as "a very difficult country to trade with" and said that its levy on tech firms — the first payment for which is due Monday — "is a direct and blatant attack on our Country."
-"Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately," he said. "We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period."
- By Sunday night, Canada dropped their digital tax so they can resume talks

Going Down
- A massive cargo ship carrying an estimated 3,000 vehicles capsized in international waters this week, causing it to sink, according to the US Coast Guard.
- The Morning Midas, operated by the London-based company Zodiac Maritime, sank on Monday, June 23, around 5:30 p.m., officials said. The incident occurred about 450 miles southwest of Adak, Alaska.
- According to the Coast Guard, the ship carried 1,530 metric t...

DHUnplugged #759: MSGA

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