Happy Thursday! The spotlight turns to the Fed once again, but this time it’s not about rates—it’s about leadership. A political storm is brewing as whispers of a potential shake-up at the top of the central bank grow louder, raising fresh concerns about market stability and policy direction.

Also, clean energy just got a major boost. A new government initiative is breathing life into America’s nuclear fuel supply chain, and one domestic player is already seeing the benefits as investors race to get ahead of the curve.

Plus, if you want targeted exposure to both copper mining equities and physical copper, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

Trump-Powell Feud Heats Up: Odds Of Fed Chair Ouster Spike

Speculation is growing around potential changes at the Federal Reserve following reports that President Donald Trump discussed removing current Federal Reserve Chair Jerome Powell. Trump reportedly showed a draft termination letter to lawmakers during a closed-door meeting, fueling questions about the future of the Fed’s leadership.

While Trump later said he had no immediate plans to act, the conversation has stirred debate over presidential authority and central bank independence. The situation intensified as attention turned to a costly renovation project at the Fed, which some Trump allies have criticized.

As observers watch closely, possible successors are already being discussed, with some names seen as more aligned with a different monetary policy approach than Powell’s.

The Sprott Copper Miners ETF (NASDAQ: COPP) offers investors targeted exposure to both copper mining equities and physical copper, making it the only fund of its kind currently available on the market.

The timing of this structure coincides with a copper market facing significant volatility driven by proposed tariffs under the Trump administration. Meanwhile, long-term demand from industries like renewable energy, AI and electrified transportation continues to rise, placing additional pressure on constrained supply chains and production capacity. For those interested in tracking copper’s evolving role in the global economy and to learn more about the COPP ETF, click here.

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Yesterday: U.S. stocks rebounded on Wednesday after a volatile session driven by reports that President Donald Trump was considering firing Fed Chair Jerome Powell. Markets recovered from intraday lows after Trump downplayed the speculation, with the Dow rising 0.5%, the S&P 500 up 0.3% and the Nasdaq gaining 0.25% to close at a record high.

On Our Radar: Analysts will be watching Netflix and PepsiCo report earnings Thursday, with investors focused on Netflix’s subscriber growth and Pepsi’s margins amid cost pressures. Also happening today is July’s Home Builder Confidence Index, expected to tick up slightly.

U.S. stocks ended higher Wednesday as solid earnings and cooling wholesale inflation helped markets rebound from earlier losses. Johnson & Johnson led the way with a nearly 6.2% surge after reporting upbeat earnings and raising its full‑year guidance. But that wasn’t the only big mover of the day…

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.

Earnings surprises. Tariff headlines. Fed-driven shakeups. The rest of July could get explosive—and 42-year Wall Street veteran Matt Maley is going live this Sunday at 1 PM ET to break it all down. See how he’s positioning for fast trades using real-time signals, sector rotation and options with serious upside potential.

On This Day In 2024…

The Nasdaq Composite fell 2.8%, marking its worst single-day drop in two years. The sharp decline was driven by significant losses in major technology stocks, including Nvidia and Apple, amid investor concerns over slowing growth and high valuations in the tech sector. The sell-off underscored the market's sensitivity to shifts in sentiment surrounding big tech, which had fueled much of the index’s gains in recent years.

QUOTE OF THE DAY

“A blindfolded monkey throwing darts at a newspaper's financial pages could select a portfolio that would do just as well as one carefully selected by experts.”

— Burton Malkiel

Energy Fuels Stock Soars As DOE Launches Domestic Nuclear Fuel Initiative

Energy Fuels Inc. (NYSE: UUUU) just got a major boost after the U.S. Department of Energy (DOE) announced a new program to bring nuclear fuel production back to the U.S. The goal is to reduce the country's dependence on foreign uranium and support next-generation nuclear reactors. Energy Fuels, which runs the only licensed conventional uranium mill in the U.S. at White Mesa in Utah, is seen as a top contender for the program.

The DOE is now accepting applications from companies to build and run fuel production facilities. While participants will have to fund the work themselves, the fast-tracked approval process and long-term potential could make it worth it. Following the news, Energy Fuels’ stock jumped over 6% to $8.24, close to its 52-week high.

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