Happy Tuesday! The second quarter wrapped up with a stunning twist, as markets staged one of the most dramatic comebacks in recent memory. Tech roared back to life, and with July being historically bullish, could the rally just be getting started? Read on to find out.

Also, shares of Meta just made a new all-time high, but the real story is what’s unfolding behind the scenes in its AI war room. With bold hires and even bolder ambitions, is Meta rewriting the future — or risking it all on a high-stakes tech gamble?

Plus, check out why today’s sponsor is (still) betting big on Tesla.

In today's edition

• MARKET RECAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Nvidia, Palantir Fuel Historic Tech Rally — And It's Far From Done

The second quarter came to a close in what was one of the biggest turnarounds in stock market history. From a bear market to subsequently reaching all-time highs, the rally over the past two months has left many in awe on Wall Street.

Just when it looked like tech might crash under the weight of tariffs and wars, the sector pulled off a high-voltage comeback. The XLK ETF didn’t just recover — it rebooted, jumping 22% in what’s now one of its best quarters ever. Nvidia, Palantir, Microsoft, Oracle and Broadcom helped lead the way as they combined for nearly 67% of XLK’s quarterly return.

But don’t hit “sleep mode” just yet, as a number of golden crosses in stocks, ETFs and indexes have investors bullish that the uptrend can continue. July is historically the tech sector’s sweet spot, and this rally may still be in the early innings.

Still, investors are left debugging the pattern: will Q3 deliver another upgrade, or will history crash the party?

It’s up 19x since our initial entry.

We want more. Way more.

Here’s the reasoning behind our latest asymmetrical, binary bet.

Read our full breakdown before this window closes.

Yesterday: U.S. indexes finished higher on Monday, continuing the bullish momentum and capping off a strong June rally as both the S&P 500 and Nasdaq reached new all-time highs. The gains came after Canada rescinded its digital services tax on U.S. companies, prompting a rebound in trade talks after President Trump announced on Friday that he was “terminating all discussions on Trade with Canada” because of the tax. Monday also marked the end of a strong month for equities, with the Nasdaq up 6%, the S&P 500 up nearly 5% and the Dow gaining more than 4%. Treasury yields ticked lower, with the 10-year yield at 4.24%, as markets continue to price in three potential Fed rate cuts this year. Oil prices declined ahead of Sunday’s OPEC+ meeting, amid easing geopolitical risks and expectations of increased supply.

On Our Radar: Analysts will be paying attention to today’s ISM manufacturing reading, job openings data, construction spending report and a speech from Fed Chair Jerome Powell for signals on economic momentum and the Fed’s policy outlook. On the earnings front, all eyes will be on Constellation Brands (STZ) and Greenbrier (GBX) which report after the market closes today.

Rally Mode: Shares of Robinhood soared as much as 16% yesterday after its big overseas announcement. Read on to see why Wall Street is buzzing about the move and how the new rollout could redefine how we think about crypto.

AI Partnership: Palantir and Accenture are launching a major AI initiative to modernize U.S. federal agencies. See how this high-powered tech alliance could redefine how the government thinks, acts and spends going forward.

Cloud Surge: Oracle hit a record high on Monday after announcing a strong start to fiscal 2026, driven by 100%+ growth in MultiCloud database revenue, and a new $30 billion cloud deal. Here are all the details. 

Now Boarding: Boeing announced a CFO change with Jay Malave — coming from Lockheed — taking control amid a bumpy regulatory ride and share turbulence over the past few years. Is the stock ready for takeoff now? Click here to find out.

Border Backtrack: Canada has scrapped its digital services tax after President Trump slammed it as an unfair attack on U.S. tech companies, easing market fears and reopening critical trade talks. Discover how this sudden U-turn could shift the balance in North American trade and impact your investments.

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On This Day In 1923…

Benjamin Graham — widely regarded as the “Dean of Wall Street,” and the "Father of Value Investing" — took a bold step toward financial independence by founding his own investment firm: Grahar Corporation. Backed by his friend and investor Louis Harris, the firm’s name was a blend of their surnames — Grahar. Though the company operated for only a few years, its formation marked a turning point in Graham’s career. Free from institutional constraints, he began refining the ideas that would eventually shape modern value investing, including concepts like intrinsic value, margin of safety and arbitrage. These principles were shared in his books — Security Analysis and The Intelligent Investor — which remain among the most influential investment books ever written.

QUOTE OF THE DAY

“Time is your friend; impulse is your enemy.”

— Jack Bogle

Meta Pursues 'Superintelligence' With New OpenAI Hires, Stock Climbs To Fresh Highs

Shares of Meta soared to an all-time high on Monday, but the real headline isn’t just the price — it’s the power play behind it.

CEO Mark Zuckerberg has been on a spending spree lately, and investors are cheering on the enthusiasm as the company restructures and looks to enhance its artificial intelligence division (Meta Superintelligence Labs).

The hiring of Alexandr Wang — the former CEO of Scale AI — as well as a number of top talent poached from OpenAI and Google, and suddenly, Meta’s AI ambitions aren’t just lofty; they’re meta-morphosing into something much bigger.

Because of the recent moves, some analysts have been scrambling to raise price targets, while others are raising eyebrows. But the question remains: is this the smartest move of the decade, or a silicon-fueled sprint toward the unknown?

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