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☕️ GM Munchers! Did you miss us yesterday? We skipped a day to see if the market would collapse without us. It didn’t. Rude.

On today’s menu:

• 📉 Musk Loses It. Markets Love It. Traders Confused.

• 😍 Buy 1 Prop Firm Challenge, Get 3?

• 🇨🇦 BoC Day: Will Canada Finally Blink?

• 🚀 MicroStrategy, Nvidia & Robinhood Move

• 🤔 Trump Goes All-In On Crypto?

Yesterday’s numbers:

BREAKING NEWS

📈 Markets Climb as Tariff Fears Ease

Markets caught a vibe after the U.S. and China reached a deal to temporarily cut reciprocal tariffs. In other words: less talk about trade war, more room for bulls to breathe.

Why Markets Care:

• Lower tariffs = less pain for global supply chains

• Especially good news for tech, chipmakers, and your stress levels

🧵 Plain-English Play:
Don’t forget the Trump TACO trade. He talks big, then walks it back. We’re risk-on—for now—but we’re not putting the phone down mid-trade.

🧾 Musk Slams Trump’s Budget Bill Amid Rising Debt Concerns

Elon Musk is mad online again—this time over Trump’s tax-and-spending bill. He called it a “disgusting abomination,” which is exactly how we describe our Monday trades.

What happened?
Trump’s bill will increase the national budget deficit to $2.5 trillion which is by far the largest in history.

Why Markets Care:

• U.S. debt is already at $34T+

• More debt = higher yields = risk-off vibes

• The 30Y Treasury yield is flirting with 5% again

📉 Plain-English Play:
Rising debt is no longer just a boogeyman—it’s showing up in yields, equities, and your portfolio drawdowns. As yields climb, we expect pressure on stocks (especially growth names) and a return to “safe” plays.

💵 U.S. Dollar Rips Higher

The U.S. dollar jumped yesterday, proving that not all strength gains are made in the gym.

What happened?

• A retracement after Monday’s drop

• Cooling fears of a trade war redux

• USD/JPY spiked +135 pips to 144.05

• JOLTS data showed improved labor market

Why Markets Care:

• It goes against a month-long theme of dollar weakness

• It's bullish for rates, treasuries, and USD-denominated assets

• Commodities & risk FX (AUD/NZD/CAD) took the hit

🧵 Plain-English Play:
We’re back in a DXY vs. yields tug-of-war. Watch USD/CAD for sentiment, and keep an eye on gold—it’s been climbing even as the dollar rises, which breaks old correlations. If this keeps up, the safest trade might just be confusion.

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FOREX

🇨🇦 BoC Day: Will Canada Finally Blink?

The Canadian dollar is stuck in a holding pattern tighter than my pants after a long weekend BBQ.

All eyes are on the Bank of Canada today, with markets betting they’ll keep rates steady at 2.75%. While cuts were expected earlier this year, the economy had other plans—mainly, anxiety attacks over tariffs, debt, and sky-high mortgage rates.

📉 Why Markets Care:

• The CAD isn’t moving much, but this meeting could change that.

• The BoC is walking a tightrope: Cut rates, and they risk stoking inflation. Hold steady, and they risk freezing an already ice-cold housing market.

• Fixed mortgage rates are still above 4%, keeping buyers on the sidelines and real estate agents binge-watching Zillow for dopamine.

📊 What to Watch:

• A dovish surprise could weaken the CAD and boost equities.

• A hawkish tone might strengthen the loonie, but could crush consumer confidence further.

Translation? If the BoC sounds nervous today, traders might pile into risk… unless they’re Canadian homeowners, in which case they’re just piling on stress.

MARKET OVERVIEW

🍿 Tasty Movers & Shakers

$MSTR ( ▼ 1.93% ) Michael Saylor just bought another 705 BTC for $75.1 million… because apparently $40 billion in Bitcoin wasn’t enough. At this point, MicroStrategy is basically a crypto hedge fund with a corporate email address.

$NVDA ( ▲ 4.04% ) Nvidia popped after Jefferies said their profit margins could hit 80%. We would’ve said 81%, but no one asked us. Typical.

$HOOD ( ▼ 0.42% ) Robinhood officially closed its acquisition of Bitstamp. Translation: they're trying to become the Costco of trading apps — one-stop-shop, minus the free samples.

$CTC.A.TSX ( ▼ 0.03% ) Canadian Tire just bought Hudson’s Bay’s trademarks for $30 million. Bit of a steal for a brand that’s older than electricity.

PROP FIRMS

🤑 Wednesday Motivation

🚀 Pre-Market Fuel

1. 🤔 Trump is launching a branded crypto wallet and trading application. There are rumours that he’ll encourage his supporters to buy his memecoin.

2. 🇺🇲 Will the United States experience a recession this year? The odds are dropping.

3. 👀 Hedge funds are buying up tech stocks at record levels.

4. ☀️ Solar panels are now the cheapest they’ve ever been in history.

🍪 Munchy Memes

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