• Pip Munch
  • Posts
  • 🙃 Trump Said What To Powell?

🙃 Trump Said What To Powell?

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.

☕️ GM Munchers! My wife told me she wanted more ‘security’… so I bought her some Bitcoin and turned off the WiFi. If there’s no email tomorrow, you know why.

On today’s menu:

  • 🙃 Trump Said What To Powell?

  • 😏 How Do You Get Rich From Trading?

  • 📈 Meta Hits A New ATH

  • 🤑 This Guy Keeps Buying Bitcoin

  • Is This Prop Firm Having Issues?

Yesterday’s numbers:

S&P 500

6,204

+0.52%

Nasdaq

20,369

+0.47%

Dow Jones

44,094

+0.63%

Bitcoin

$107,400

-0.88%

BREAKING NEWS

📈 6200 Club: SPX Hits Another Record

The S&P 500 just hit 6,204.95, closing out June with fireworks and officially joining the 6200 club. It’s the highest level in history—and yes, we checked twice because last week we thought SPX peaked and bought puts. Oops.

Here’s the breakdown:

  • +0.52% on the day

  • +5% in June

  • +10% for Q2

Market drivers?

  • A tech-fueled rally (Nasdaq up 18% in Q2)

  • Steady earnings

  • Hopes for no rate hikes (more on that in 3… 2…)

🧠 Why it matters: The “wall of worry” is crumbling. Traders are buying through tariff headlines, political chaos, and global weirdness. When price makes new highs, that’s sentiment saying: “pipe down and long it.”

📊 Watch for: Continuation patterns on SPX and Nasdaq, rotation into laggards (Dow +5% in Q2), and a possible grind higher if macro stays stable.

✍️ Trump to Powell: “Lower the Rates, Bro”

Trump sent a handwritten note to Fed Chair Jerome Powell (yes, really) demanding lower rates—complete with Sharpie scribbles and a big “SHOULD BE HERE” next to 1% interest rates.

Translation? Trump wants the Fed to:

  • Slash rates

  • Juice the economy

  • Goose markets before the election

👀 Why markets care: Lower rates = cheaper borrowing, higher valuations, more risk-on flows. Equities love it. Gold loves it. Bitcoin sends heart emojis.

📉 What to watch: If Powell caves (he won’t like being told what to do), expect USD weakness, bond rallies, and tech outperformance. And if you’re still holding rate-sensitive stocks like banks… maybe don’t.

PS: Imagine your wife leaving sticky notes saying “You’re doing this wrong.” That’s basically Trump’s economic policy.

🇨🇦 Canada Caves to Trump (Elbows Up, Mark)

After months of posturing, Canada just scrapped its planned Digital Services Tax to keep trade talks with the U.S. alive. The White House called it a win. Canada called it “productive.” We call it what it is: a full-blown cave-in.

📝 The situation:

  • Canada was set to tax U.S. tech firms (Meta, Google, etc.)

  • Trump threatened to kill all trade negotiations

  • Canada backed down 24 hours before tax collection began

💥 Why traders care: This chills U.S.-Canada tariff fears. It’s bullish for:

  • Tech (dodged a tax hit)

  • USD/CAD (risk-on and less trade tension)

  • Commodities (oil likes friendly trade vibes)

📍 Watch next: July 21 is the deadline for a deal. Until then, traders should stay tuned for tariff flip-flops, CAD moves, and any sign that other countries may follow Canada’s “please-don’t-hurt-me” strategy.

And Prime Minister Carney? Let’s just say this wasn’t exactly an “elbows-up” moment. More like elbows folded… politely.

BROUGHT TO YOU BY

🚀 Not All Prop Firms Are Built to Launch You

Most traders fail not because they lack skill—but because their prop firm sets them up to lose.

One firm locks you out during news.
Another caps your lot size.
A third makes you wait 30 days just to get paid.

Lark Funding does none of that.
No consistency rules
No minimum trading days
No news restrictions
First payout on demand

You trade. You perform. You get paid. It’s that simple.

And right now, Lark Funding is offering 20% off all challenge accounts with code PRO20—but only until next Monday.

If you’ve never taken a prop firm challenge, this is the cleanest way to start.

👉 LarkFunding.com — take the rocket that actually gets off the ground.

TRADING TIPS

😏 How Do You Get Rich From Trading?

Not by renting a Lambo for a day and filming an IG reel, that’s for sure.

Here’s the real play:

Simple. Effective. No fake Rolex needed.

And no, we’re not just name-dropping Bitcoin for clout. A post just went viral showing a guy who bought $30 of BTC every single day for 8 years.
He turned $86,000 into $1 million.

Let that sink in.

Unlike the dollar (which is backed by vibes and a printer), Bitcoin is capped at 21 million. It’s finite. That’s why traders use it to store value, not just chase it.

The goal isn’t to make money trading just to blow it.

It’s freedom. Autonomy. Living life on your own terms.

And we think BTC is one of the best tools to get there. (Not financial advice, but also… kinda.)

👀 Want us to go deeper on Bitcoin? Why we’re bullish?
Just reply with “tell me more” and we’ll break it down in the next few issues.

We’re not saying it’s the only way to get rich.

But it beats fighting the algorithm for course sales on TikTok.

MARKET OVERVIEW

🍿 Tasty Movers & Shakers

$META ( ▼ 1.46% ) Meta just hit $747.90—aka the AI-fueled stratosphere. Why? Zuck’s been on a hiring rampage, luring OpenAI talent with signing bonuses as high as $100 million. Translation: They’re not just building the metaverse anymore—they’re building a team that could actually spell AGI without glitching.

$HOOD ( ▼ 0.42% ) Robinhood is now letting EU users buy tokenized shares of OpenAI and SpaceX. Stock jumped 10% to a new ATH. This is what happens when regulators take a nap and Robinhood gets creative. U.S. investors? Still waiting. Europe? Already simulating IPOs like it’s a game of Monopoly.

$T ( ▼ 0.52% ) Trump roasted AT&T yesterday, saying they “obviously don’t know what they’re doing!” after a glitchy prayer call with pastors. Context: The Trump Organization launched its own wireless plan last month—complete with a $499 MAGAphone.
Conflict of interest or just campaign trail capitalism? You be the judge.

$ORCL ( ▲ 2.48% ) Oracle’s up 30% YTD and just dropped a flex: a new deal worth over $30B annually starting in 2028. Meanwhile, we’re sweating over July’s rent while Larry Ellison’s chilling with four years of revenue already booked.

$NFLX ( ▼ 0.13% ) Netflix is teaming up with NASA to stream live spacewalks and rocket launches. No word on the deal size, but we assume it was enough to pay for at least one more Chris Pratt movie.

PROP FIRMS

🤑 Tuesday Motivation

🍪 Munchy Memes

What do you think of today's edition?

Login or Subscribe to participate in polls.

Share Pip Munch

Chances are you have some trading friends. Why don’t you be a pal, share Pip Munch and earn some goodies for it?

You currently have 0 referrals, only 1 away from receiving The Trading Plan That Helped Me Pass 4 $100,000 FTMO Challenges.

Or copy and paste this link to others: https://pipmunch.com/subscribe?ref=PLACEHOLDER