Happy Wednesday! Wall Street isn’t talking about it yet, but something just happened in the bond market that hasn’t occurred in nearly three decades. And if history is any guide, this could be the precursor of another major bull market run that investors aren’t even factoring in yet. Read on for all the details.  

Also, Alphabet is in a high-stakes showdown in the options market with bullish fundamentals facing off against bearish technical indicators. Discover what the pros are doing and how to profit and play both sides.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

This Rare Market Signal Flashed In 1998 And Stocks Took Off

A rare and often overlooked bond market indicator just reappeared, and if history is any guide, it could be a precursor to another big run on Wall Street. 

Recently, the spread between U.S. investment-grade corporate bonds and Treasury yields collapsed to levels not seen since the late 1990s. Back then, it quietly signaled the beginning of one of the most intense bull markets in modern history.

Today, that same signal is back, and it’s sending a strong message: investors aren’t demanding much extra reward to lend to corporations over the U.S. government. That’s not just technical noise; it’s a sign of growing confidence in corporate health, balance sheet stability and future profitability. In fact, this shift is already helping fuel corporate investment and may soon spill into equity markets in ways many investors aren't yet pricing in.

Read on to see why this could be the market’s most important clue of the year.

Stocks are swinging on Fed minutes and renewed geopolitical tension this week — exactly the kind of volatility Chris Capre’s Trading Waves system is built for. His recent trades hit +87.5% on PANW, +66% on NVDA and +115% on SOXL using this fast-moving strategy.

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Yesterday: U.S. indexes were mixed Tuesday as the Dow eked out a small gain, while the Nasdaq and S&P 500 plunged, resulting in their biggest declines this month, thanks to tech heavyweights Nvidia, AMD, Meta and Microsoft dragging the indexes down. Treasury yields fell slightly, with the 10-year down 3 basis points, as investors rotated into safer assets. The U.S. dollar strengthened, while oil prices declined amid speculation that progress on a potential Russia-Ukraine peace deal could ease energy sanctions. On the earnings front, Home Depot delivered cautious results, with softer-than-expected sales as high interest rates continued to weigh on large home improvement projects.

On Our Radar: Analysts will be watching the July minutes from the Federal Open Market Committee (FOMC), as well as crude oil inventories report today. On the earnings front, all eyes will be on Walmart (WMT), which will report before the market opens on Thursday.

Shares of Intel (INTC) soared after Softbank announced a $2 billion investment in the chipmaker, while Palantir (PLTR) wiped off nearly $40 billion in market cap. But those weren’t the only big movers of the day. Here’s a look at what’s moving the market.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

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On This Day In 1918…

President Lyndon B. Johnson signed the Economic Opportunity Act into law, kicking off a major push to fight poverty in America. The nearly $1 billion measure was a key part of Johnson’s “War on Poverty” and helped launch programs like Job Corps, Head Start and community action agencies. It marked a bold effort to give more Americans a fair shot at opportunity and economic security.

QUOTE OF THE DAY

“Wall Street makes its money on activity. You make your money on inactivity..“

— Warren Buffett

Options Corner: Alphabet Is At A Crossroads — Which Side Are You On?

When it comes to options, the spotlight falls on tech titan Alphabet, which is at a crossroads between bulls and bears.

On one hand, the fundamentals are solid as the company crushed Q2 expectations and raised its capital expenditure outlook, signaling confidence in long-term growth. Yet despite this bullish backdrop, recent price action has turned ugly, with the tech giant losing momentum and technical indicators flashing warning signs.

What makes this scenario compelling is the contrasting sentiment among traders. While bears are hedging with far-out-of-the-money puts, bulls are energized by fundamentals, statistical signals and rare bond market trends that historically preceded major rallies.

It’s a tug of war between the bulls and the bears. Read on to see how you can profit, and how seasoned traders are playing both sides.

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