Happy Tuesday! Tesla and Apple are once again in the crosshairs as a new deadline from Washington threatens to reignite global trade tensions. Could this be the spark that rattles tech’s biggest players? Discover what’s at stake, and why investors are watching closely.

Also, indexes and commodities are hitting all-time highs, but something unusual is happening beneath the surface — and it hasn’t occurred in 20+ years. Read on for the full breakdown, and stay ahead of the game to protect your portfolio.

Plus, if you’re looking for a smarter way to navigate market scenarios and spot winning stocks, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Tesla And Apple Face Brand-New Wrecking Ball — Thanks To Trump

Tesla and Apple are in the crosshairs again.

Just when it seemed global supply chains were beginning to stabilize, a fresh curveball has entered the picture thanks to President Trump and the White House which set a deadline of August 1 for both the European Union and Mexico to come to an agreement.

What’s at stake for the tech giants? For Apple, it’s not just iPhones and MacBooks, it’s the complex global network it’s built with countries and manufacturers all over the world. Any disruption or increase in tariffs would likely squeeze Apple’s margins, or they’ll have to pass that cost on to consumers.

For Tesla, the company has heavily invested in Europe — with a gigafactory in Germany — and the EU is one of the fastest markets for Tesla. If these tariffs become reality — or even come close — investors may be in for more volatility than they bargained for.

How much? Read on to find out.

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Yesterday: U.S. indexes ended higher on Monday to kick start the week on a positive note, despite early losses after President Donald Trump announced 30% tariffs on the European Union and Mexico, and threatened further duties on additional countries over the weekend. Losses were limited in the early going as investors bet that tariffs will ultimately be negotiated down, combined with the excitement of the earnings season this week — led by the banking sector. With crypto and the markets reaching new highs, traders were back to being risk-on after last week’s first down week in more than three weeks. In addition, Treasury yields rose, with the 10-year yield at 4.43%, and oil dropping 2% on the day.

On Our Radar: Analysts will be watching the inflation reading with the release of the CPI report, as well as the Empire State manufacturing survey — due later this morning — as well as several fed members who will be speaking throughout the day. On the earnings front, Goldman Sachs (GS), Bank of America (BAC), Morgan Stanley (MS) and ASML (ASML) will headline a slate of major earnings reports before the market opens tomorrow.

Shares of Fastenal were moving fast as the company reported stronger-than-expected second-quarter earning results, which easily surpassed Wall Street estimates. But that wasn’t the only stock that was making big moves…

Discover how the market is moving with our interactive heatmap — filter by market cap and zoom in for deeper insights. Click any box to explore specific sectors or assets in detail.

Two major economic reports drop just hours before this session — and they could ignite the next big market move. Join Matt Maley live Wednesday at 6:00 PM ET to see how he’s using macro pressure, mispriced volatility and real-time signals to target fast trades across the market. The window of opportunity is open — learn how Matt’s trading it.

On This Day In 2024…

Shares of Trump Media & Technology Group (DJT) surged nearly 30%, following an assassination attempt on President Donald Trump during a campaign rally. Investors viewed the incident as potentially boosting Trump’s election chances, fueling a rally in DJT — a company closely tied to his public image and political influence. The move highlighted how political sentiment can drive market behavior, especially in stocks linked to high-profile figures. Broader markets reacted as well, with gains in major indices, bitcoin, and gun stocks, as well as a rise in Treasury yields.

QUOTE OF THE DAY

“Be fearful when others are greedy, and greedy when others are fearful.”

— Warren Buffett

S&P 500 Record Highs Hide A Fracture Unseen In Decades

From the Nasdaq to the Dow, to gold and Bitcoin, Wall Street is celebrating record highs. However, a rare and troubling divergence is taking shape — one that hasn’t appeared since the early 2000s.

While headlines paint a picture of strength and resilience, if you look a little closer, you’ll find the market is telling a far more complicated story. Despite the index’s impressive climb, the majority of stocks are falling behind. This isn’t your typical broad-based bull run, it’s a top-heavy rally led by a few dominant players. In fact, the gap between the market’s winners and everyone else is now the widest it’s been in over 20 years.

One key ETF that weights all S&P 500 companies equally has slipped into the red, suggesting the rally is built on an increasingly narrow foundation. Historically, this kind of lopsided momentum has been a warning sign — or at the very least, a signal that a shift could be coming.

Read on for the full insights and what this historic divergence means for your portfolio.

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