Happy Monday! While tech steals the spotlight and AI drives market mania, a once-reliable sector has been slipping under the radar, hitting depths not seen since 2008. Could a long-awaited shift in policy be the spark that turns it all around? Keep reading to see where the smart money may be headed next.

Also, Elon Musk’s grip on the AI spotlight is slipping as Sam Altman quietly takes center stage, steering the industry into uncharted territory. Find out how this unexpected power shift could reshape the future of tech — and your investment strategy.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Cheaper Than 2008 — Is This Wall Street's Forgotten Sector A Screaming 'Buy'?

While tech continues to dominate headlines and investors pile into AI-fueled growth stories, one sector has quietly sunk to levels not seen since 2008. Real estate — once a cornerstone of long-term portfolios — is now trailing the S&P 500 by a staggering margin, marking yet another year of underperformance.

Despite the selloff, valuations remain oddly elevated, suggesting this isn’t a fire sale — it’s a waiting game. Meanwhile, the economic picture isn’t doing the sector any favors. Housing starts are falling fast, mortgage demand is drying up and the mood among builders is increasingly bleak.

Yet amid this bleak backdrop, one powerful catalyst may be lurking on the horizon — interest rate cuts. This is the lifeline this sector desperately needs, and with borrowing costs expected to ease later this year, the stage could be set for a sharp reversal — especially in certain areas.

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Last Week: U.S. indexes finished the week out on a mixed note, with the S&P 500 and Nasdaq reaching new highs before retreating, while the Dow finished more than 100 points down on the day. The pause followed reports that President Trump is pushing for a 15%–20% minimum tariff in a trade deal with the EU. Despite the pullback, major indexes posted weekly gains, supported by strong economic data and better-than-expected corporate earnings from companies like Netflix, American Express and 3M. Treasury yields and the U.S. dollar dipped after dovish comments from Fed Governor Waller, who suggested a July rate cut may be appropriate. Markets still see September as the next cut, however, and uncertainty remains around the Fed’s next move. Economic data continues to show strength, with jobless claims down and retail sales rising more than expected.

On Our Radar: Analysts will be monitoring the U.S. leading economic indicators report — due later this morning — for fresh insights about the economy and whether current projections point towards a continued slowdown or a potential rebound. On the earnings front, Coca-Cola (KO), Lockheed Martin (LMT) and Northrup Grumman (NOC) will headline a slate of major earnings reports that will be released before the market opens tomorrow.

Despite great earnings from Netflix and a landmark crypto legislation that experts say will provide more fuel for the cryptocurrency sector, both Netflix (NFLX) and Strategy (MSTR) shares tumbled on Friday. Read on for all the details and find out why those weren’t the only companies 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.

Professional investors don't guess which stocks will explode — they use proven systems to identify them early. See Tim Melvin's 35-year approach plus Anne-Marie Baiynd's strategies for maximizing returns. Live collaboration for the first time ever.

On This Day In 2002…

Telecommunications giant WorldCom Inc. filed for bankruptcy protection after revealing it had inflated profits by nearly $4 billion through deceptive accounting practices. The scandal became one of the largest corporate frauds in U.S. history, shaking investor confidence and prompting widespread calls for stronger financial regulations. WorldCom’s collapse underscored the risks of corporate misconduct and led to major reforms in accounting oversight.

QUOTE OF THE DAY

“If you're looking for a home run — a great investment for five years or ten years — then the only way to beat this enormous fog that covers the future is to identify a long-term trend that will give a particular business some sort of edge.“

— Geraldine Weiss

Here's How Sam Altman Quietly Replaced Elon Musk As Donald Trump's Go-To AI Advisor

There’s a new leader in the AI world, and he’s not the one with rockets and self-driving cars. Sam Altman, CEO of OpenAI, has been quietly reshaping the tech-political landscape, stepping into a role once dominated by Elon Musk. What’s unfolding isn’t just a rivalry; it’s a strategic masterclass in influence, timing and billion-dollar ambition.

Behind closed doors and high-stakes boardrooms, billion-dollar contracts, political maneuvering and long-held rivalries are fueling a new AI cold war. And Altman? He's playing chess while others are still playing checkers. Major deals, including Pentagon partnerships and a $500 billion initiative backed by international tech giants, suggest this isn’t just about influence — it’s about locking in dominance over the future of artificial intelligence.

What happened to Musk's once-unshakable influence? And how did Altman seize the moment? Read on for all the details and why it has huge implications for investors, innovators and anyone tracking where tech policy — and profits — are headed next.

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