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📈 NFP Prints, Dollar Pumps, Stocks Rip

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☕️ Mornin’ Munchers! It’s Monday. Which means you’re either ready to conquer the markets… or contemplating faking a power outage so you can nap in peace.

On today’s menu:

  • 📈 NFP Prints, Dollar Pumps, Stocks Rip

  • 🇨🇦 Canada’s Economy Is In Trouble

  • 🚀 Robinhood, Gamestop & Apple

  • Is This Prop Firm Banning Traders?

  • 🥊 Quantum Computing Vs Bitcoin

Friday’s numbers:

S&P 500

6,000

+1.03%

Nasdaq

19,529

+1.20%

Dow Jones

42,762

+1.05%

Bitcoin

$106,316

+0.63%

BREAKING NEWS

📈 NFP Prints, Dollar Pumps, Stocks Rip

Friday’s non-farm payrolls dropped and—plot twist—it didn’t tank the market. In fact, it did the opposite.

🧾 The headline:

  • +139K jobs in May (vs. 130K expected)

  • Unemployment rate: 4.2% (steady)

Despite weak household data and some noisy revisions, markets read this as “not bad enough to panic, not good enough to hike.”

📊 The aftermath:

  • Stocks rallied

  • USD surged

  • Gold dipped

  • Yields climbed

Translation? We’re in “Goldilocks” territory—just right enough to avoid a recession tantrum, but soft enough to keep rate-cut dreams alive.

🤝 Musk-Delete Diplomacy Lifts Tesla

Washington’s messiest bromance might be cooling off.

After accusing Trump of being on the Epstein list (casual), Elon Musk decided to delete the now-viral X posts over the weekend. No apology. Just “this page doesn’t exist” energy.

🧯 Why this matters:

  • Tesla dropped 14% Thursday—the worst day in its history—after the feud exploded

  • On Friday, it bounced back +3.67% on hopes the circus might be winding down

  • Musk’s silence = bullish? Traders seem to think so

📊 What it means for markets:

  • Tesla could regain support IF the drama simmers down

  • Broader tech sentiment benefits when Musk isn’t threatening thermonuclear takes on government contracts

  • Risk-on loves resolution, or at least less insanity

🎯 Watch for:

  • Fresh tweets (or lack thereof)

  • Updates on SpaceX contracts

  • Whether Tesla regains upward momentum or remains in “wait and see” limbo

🚨 Trump Deploys Troops to L.A.

If you thought markets were done with surprises for the week—Trump said “hold my executive order.”

Over the weekend, he sent 2,000 National Guard troops to Los Angeles to respond to immigration protests and clashes with ICE.

👀 What happened:

  • Trump is federalizing California’s National Guard

  • Governor Newsom and LA’s mayor called it a “chaotic escalation”

  • Marines may also be mobilized if tensions grow

📉 What it means for traders:

  • This didn’t shake markets… yet

  • But any escalation, violence, or retaliation could quickly shift us into risk-off mode

🎯 What to watch:

  • Headlines coming out of LA

  • Trump-Musk volatility spillover

  • Risk premium sneaking into indices if this gets messy

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FOREX

 🇨🇦 Canada’s Economy Is In Trouble

Canada’s May unemployment rate just hit 7% — the highest in 9 years (not counting the pandemic). That’s 1.6 million jobless Canucks. Oof.

Even worse? Job seekers are staying unemployed longer. The average job hunt now drags on for 21.8 weeks — up from 18.4 a year ago. Your cousin with a DJ business might’ve been onto something.

🔎 So what happened?

  • Hiring was basically flat — just 8.8K jobs added (and that’s within the 32K error margin, lol).

  • Gains came from wholesale & retail, but manufacturing and gov jobs got crushed (thanks, expired election contracts).

  • U.S. tariffs on Canadian metals and autos are already biting.

📉 Why markets care:

  • The loonie barely moved (up 0.04%), but Canadian bond yields ticked higher.

  • Odds of a BoC rate cut in July are now just 33%.

  • Wage growth was flat at 3.5% — not scary enough to justify hiking.

🧵 Plain-English Play:

  • CAD crosses are now a sentiment play — weak data + tariffs = cautious CAD bulls.

  • More bad labor data? Could finally tip the BoC toward cuts.

Bottom line: Canada’s not falling apart... but it’s definitely limping.

MARKET OVERVIEW

🍿 Tasty Movers & Shakers

$HOOD ( ▲ 0.62% ) Robinhood might be graduating to the big leagues. Rumors are swirling it’ll get added to the S&P 500 during this month’s rebalancing, and the stock’s already up 13% in 5 days. Index funds are lurking like sharks at a Vegas buffet.

$GME ( ▼ 0.93% ) Gamestop reports earnings this week — and forget consoles, they’re going all in on crypto. The company just dropped $500M on Bitcoin, praying the Saylor playbook works better than trying to sell disc games in 2025. Revenue? Meh. Volatility? Absolutely.

$AAPL ( ▲ 0.92% ) Apple’s annual WWDC kicks off this week and Tim Cook will hit the stage with his usual dad-energy. Unless the keynote includes an AI iFridge that does your taxes, we’re not holding our breath. Innovation died with the headphone jack.

$TSLA ( ▼ 0.71% ) Tesla’s Robotaxi service is expected to launch this Thursday in Austin. If it works, it’s a game changer. If not, it's just another Thursday at Tesla. Either way, buckle up — the stonk moves when Musk does.

PROP FIRMS

Is This Prop Firm Banning Traders?

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