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☕️ GM Munchers! My wife said she wants “more stability” in our life… so I showed her my USD/CHF chart. She didn’t laugh. I did. Quietly. In the basement.

On today’s menu:

• 📉 Market Mayhem: Tariffs, Rice, and Gold

• 🎢 Meet the Trader Who Lost $28M in 24 Hours

• 🚀 Nvidia’s $256 Billion Move

• ❌ Is This Prop Firm Banning Traders?

• 🤯 This Stock Market Chart Is Crazy

Friday’s numbers:

BREAKING NEWS

📉 The Trade War Is (Kinda) Back

Last Friday, Trump did what Trump does—lit the market on fire. He announced:

• 50% tariffs on EU goods (starting June 1)

• 25% tariffs on Apple

That erased $1.5 trillion of market cap in 5 days. And then?

Surprise twist: On Sunday, he hit CTRL+Z and pushed the EU tariffs back to July 9. Monday, he followed up with a tweet saying countries “all over the world” are begging to make trade deals with the U.S.

Translation: Markets are whipsawing on tweets again. Welcome back to 2019.

🧵 Plain-English Play: 

• Apple could stay shaky until July 9.

• Risk-off flows (gold, bonds) may hold firm as traders brace for the next tariff twist.

• If Trump backpedals again, expect EUR and equity relief rallies.

🍚 Japan Enters Stagflation (With a Side of Rice)

Japan just posted:

• +98.4% YoY surge in rice prices (biggest since 1971)

• +3.5% CPI (5th straight month above 3%)

• -0.7% GDP shrinkage in Q1

Translation: Inflation’s spiking. Growth is falling. The yen’s stuck in a game of monetary limbo.

🧵 Plain-English Play: 

• If BoJ hikes rates to fight inflation, JPY could strengthen… but at the cost of more pain for stocks.

• If they don’t, yen may weaken, adding fuel to import-driven inflation.

• At the end of the day? You can’t effectively trade the JPY without keeping a close eye on what’s coming out of Japan.

🥇 Gold Closes at Record High

Gold just logged its highest weekly close ever at $3,342/oz.

Why?

• Trade war = uncertainty

• Japan = inflation

• The U.S. bond market = anxiety attack

Investors are racing out of fiat and into hard assets. Even my wife’s Costco gold jewelry purchases are suddenly looking like alpha.

🧵 Plain-English Play: 

• More risk-off headlines = higher gold

• USD strength may slow gold momentum short-term, but long-term sentiment is shining bright

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MARKET OVERVIEW

🍿 Tasty Movers & Shakers

$VLVOF ( ▲ 0.84% ) Volvo’s trimming 3,000 jobs to cut costs. Translation: margin preservation mode is officially in drive.

$CAC40 ( 0.0% ) French stocks bounced after Trump hit snooze on those EU tariffs. Germany’s $DAX ( ▲ 0.16% ) followed suit. Risk-on—until July 9, at least.

$NVDA ( ▲ 3.25% ) Earnings drop after Wednesday’s close. Options are pricing in a ±8% move—that’s a casual $256B swing, give or take the GDP of Portugal.

$DJT ( ▼ 3.07% ) Trump’s media SPAC is reportedly planning to raise $3 billion to bet big on crypto—Bitcoin included. Because nothing says campaign trail like a multi-billion dollar long.

$L.TSX ( ▼ 0.54% ) A Canadian judge just approved a $500M settlement against Loblaws for fixing bread prices. Turns out the “2 for $5” deal came with some legal carbs.

CRYPTO

🎢 Meet the Trader Who Lost $28M in 24 Hours

James Wynn—aka “moonpig” on Hyperliquid—just pulled off one of the most aggressive trades in on-chain Bitcoin history. And it didn’t end well.

Here’s the rundown:

• After closing a $1.2B long with a major loss, Wynn flipped bearish and opened a $111.8M short using 40x leverage.

• He scaled the short to $1 billion, effectively betting his entire $50M wallet on a BTC pullback.

• His average entry was around $107,077, just as Bitcoin touched new all-time highs.

His reasoning?
Weak volume. An overextended 4-hour chart. A soft 50-day moving average. And, of course, macro—Trump’s new 50% tariff threat on the EU didn’t exactly scream “risk-on.”

The problem? Bitcoin didn’t care.

Despite briefly being up ~$3M, Wynn’s position reversed hard. Within a day, he closed all shorts at a $15–17M loss. Combined with his earlier long wipeout, that brings his 24-hour hit to nearly $28M.

Wynn’s trades were large enough to shake market sentiment, with many tracking his liquidation range between $110K and $149K. When those levels held, sentiment shifted—and Bitcoin rallied.

He’s since said he’s stepping away from trading (for now), still claiming $25M in cumulative profits.

Key takeaway:
Size doesn’t make you right. Sentiment, liquidity, and timing do. And if you’re using 40x leverage at a local top, you’re not trading the market—you’re gambling against gravity.

PROP FIRMS

❌ Is This Prop Firm Banning Traders?

Check out the comments to this post and decide for yourself.

🚀 Pre-Market Fuel

1. 📊 2008 vs 2025. This stock market chart is pretty insane.

2. 👀 Treasury bonds have the worst returns in the last 90 years.

3. 🚁 There was an assassination attempt on Vladimir Putin on Sunday.

4. 🚗 China is deploying self-driving delivery cars nationwide and its pretty insane.

5. ✅ Quote of the day.

🍪 Munchy Memes

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