The largest drawdown in the prop firm industry? Lark Funding now holds the title with a maximum drawdown of 12% and an 8% Phase-1 target.

Use code JUNE15 for 15% off + a 125% refund on your next challenge.

☕️ GM Munchers! Mondays are like stop-losses—necessary, painful, and always triggered too soon.

On today’s menu:

• 📈 New ATH, Nvidia Sells & Trump Dumps Canada

• ❌ The Hidden Rule That’s Wrecking Prop Trading

• 🤯 Tesla & Jeff Bezos Just Did What?

• 😢 The FX Pair That Eats Traders for Breakfast

• 🤑 What $30 of Bitcoin a Day Looks Like

Friday’s numbers:

BREAKING NEWS

📈 S&P 500 Hits New High (Again)

We’d pretend to be shocked, but at this point the market going up feels more inevitable than your cousin launching a crypto token.

Here’s the deal:

The S&P 500 closed Friday at 6,173 — a fresh all-time high. That’s above its February peak and marks a full recovery from the April “Tariffgeddon” crash, when Trump torched $5T off the market in 48 hours with a Rose Garden speech.

Why traders care:

• The index is now up 20% since Trump paused the worst of the tariffs on April 9.

• That’s a 3-month V-shaped comeback that would make even the most toxic ex jealous.

• Rate cut bets are heating up again, and volatility is falling like my conviction after 3 red candles.

What to watch next:

• Risk-on sentiment is back — especially in semis and tech.

• If this rally holds, expect more retail FOMO… and more of your friends texting “should I buy $SPY now?”

• Just remember: melt-ups feel amazing — until they don’t.

🧠 Nvidia Insiders Cashed Out $1 Billion

Nvidia CEO Jensen Huang just sold another $15M in stock. The total insider dump? Over $1 billion in the past 12 months.

Translation?

When the stock goes vertical, the board goes liquid.

What happened:

• Nvidia insiders unloaded half a billion dollars’ worth in the last month alone.

• The CEO is sitting on a $138B fortune and has sold nearly $900M this year as part of a prearranged plan.

• Meanwhile, NVDA is up 14% YTD and 44% in the last 3 months.

Why markets care:

• No one sells the top like Nvidia execs.

• Traders are watching this for cracks in sentiment — especially if AI momentum fades.

• And yes, it's totally fine if you got stopped out at the May low and never re-entered. We’re not bitter. Not at all.

What to watch next:

• Insider selling doesn’t always kill the rally… but it’s a great excuse for bears to crawl out of their caves.

• NVDA > $150 was reportedly a trigger for some of the dumps. If it loses that level, expect algo fireworks.

🇺🇸 Trump Nukes Trade Talks With Canada (Again)

On Friday, Trump said he’s “terminating all discussions” with Canada over the digital services tax. USD/CAD jumped to 1.37 on the news.

What happened:

• Canada’s 3% digital tax hits U.S. giants like Amazon, Google, Meta starting June 30.

• Trump called it a “direct and blatant attack” and said he’s done talking.

• Meanwhile, Carney says negotiations are still on and progressing 🤷

Why traders care:

• This is less about maple syrup, more about digital monopolies and tariff leverage.

• A breakdown in talks could mean new tariffs on Canadian goods.

• Commodities and CAD could take a hit if this escalates.

What to watch next:

• Keep an eye on USD/CAD — it’s the market’s BS detector.

• If it holds above 1.37, traders may start pricing in a bigger trade war.

• CAD traders, strap in. This week’s going to be more bipolar than me trying to hold a swing trade for longer than 4 hours.

BROUGHT TO YOU BY

😡 The Rule That’s Quietly Killing Your Payout Odds

You see the ad:
“Get $100K to trade for just $199.”
Sounds like a cheat code for life, right?

Here’s what they don’t tell you:
Only 10% of traders pass.
Half of those get paid.
Add consistency rules, and now your odds drop to 1%.

These rules sound harmless:

“Trade 3 days a week”
“Keep your profit smooth”
“Don’t make too much in one day”

But they’re designed to disqualify good traders. Nail your target in 2 trades? Still fail—because it wasn’t “consistent” enough.

That’s like getting kicked out of the gym for lifting too well.

🧠 Why you should care:
This won’t move the market.
It moves your money.

Consistency rules are a payout trap. You can pass like a pro and still get denied for being “too good, too fast.”

Translation?
You’re not being funded.
You’re being farmed.

💡 What to do:
Before dropping $200 on some “instant” dream, ask:

👉 Do they use consistency rules?
👉 Can I get paid with 1 big win?
👉 Any sneaky news restrictions?

PS: Lark Funding doesn’t play those games.
No consistency rules. No surprise bans. No “gotchas.”
Just real rules, real payouts—challenge or instant.

If you actually want a shot, check them out.

FOREX

😢 The FX Pair That Eats Traders for Breakfast

GBP/JPY just clocked in at 200—and if you’re wondering what’s pushing this FX beast around, here’s your cheat sheet.

What moves this pair?

It’s the ultimate tug-of-war between:

• 💷 UK growth vs. 🇯🇵 recession fears

• 💣 Political chaos vs. global calm

• 📈 Interest rate hikes vs. carry trade crowding

Translation?

When the UK drops hot employment or GDP data, GBP flies.

When Japan gets shaky and the world gets nervous, JPY flexes its “safe haven” muscles harder than I flexed my $100 profit last week (which my wife promptly spent on candles I wasn’t allowed to light).

Right now, here’s what matters:

• 📊 UK growth = GBP strength

• 🏦 BoE rate hikes = stronger GBP

• 💥 Oil prices up = JPY weakness (Japan’s gotta import it)

• 🌍 Global panic = JPY strength (safe haven flow)

Risk-on? GBP usually wins.
Risk-off? JPY takes the belt.

What to watch next:

• Central bank noise from BoE and BoJ

• Global risk appetite (especially around oil + inflation)

• Japanese interventions if JPY weakens too much

If you’re riding this pair, stay nimble.

It’s one of the most interest rate-sensitive pairs out there. And if all else fails, just hedge it by going long on therapy after your trade gets wicked out.

MARKET OVERVIEW

🍿 Tasty Movers & Shakers

$NKE ( ▼ 0.36% ) Nike just had its best trading day ever, jumping 18% on Friday. Why? Because apparently “the bleeding has slowed” is enough to rally investors. Revenue still dropped 12% last quarter, but hey—less bad is the new bullish.

$TSLA ( ▼ 1.93% ) Tesla just delivered a Model Y completely autonomously. No human. No remote control. No Uber rating to worry about. It drove 30 minutes from their Gigafactory in Austin straight to a customer’s front door. Translation: The future just pulled into your driveway.

$AMZN ( ▲ 0.29% ) Jeff Bezos is selling $5.4 billion worth of Amazon stock. Maybe it's to fund his wedding. Maybe it’s because he’s read the macro charts. Either way, someone’s portfolio just got a whole lot lighter.

$AAPL ( ▲ 0.24% ) Apple’s new F1 movie made $144M globally this weekend—marking its first-ever box office hit. Only problem? They spent over $200M making it. If this was a trade, they’re still $56M in drawdown. But hey, at least it’s not another iPhone commercial in disguise.

PROP FIRMS

🤑 Monday Motivation

🚀 Pre-Market Fuel

1. 🤯 This guy has bought $30 of Bitcoin every day for 8 years.

2. ❌ The problem isn’t capitalism. It’s Keynesianism.

3. ✅ Trump’s Big, Beautiful Bill passed the Senate.

4. 🧠 A quote from a billionaire to guide you this week.

🍪 Munchy Memes

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