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☕️ GM Munchers! I told my wife I’d finally take a break from trading this weekend. She smiled. I didn’t have the heart to tell her I meant demo trading.

On today’s menu:

• 📉 Trump Slams Powell, Oil Pops, and Canada Fights Back

• 🧠 Market’s Having an Identity Crisis

• 🍟 McDonald’s Is Hurting

• 🤔 The Easiest Prop Firm Challenge?

• 🥳 Trump Extends TikTok Deadline

Yesterday’s numbers:

BREAKING NEWS

📉 Powell “Too Late” for Trump

Jerome Powell held rates steady again and Donald Trump is not taking it well. After the Fed's fourth consecutive pause, Trump let loose on Truth Social, calling Powell a “real dummy” and blaming him for “costing the U.S. billions.”

He’s mad because:

• Inflation is still hot 🥵 

• Growth is slowing 📉 

• And Powell’s dot plot says two cuts later this year — not now ⌛️ 

Trump wants 2.5% lower rates and joked (maybe?) that he could run the Fed himself. Traders, meet your new pivot threat: 2025 Trump v. Powell.

Why it matters: The Fed is trying to slow inflation gently. Trump wants the brakes cut and the gas slammed. If he gets his way, markets could brace for a rate-slashing spree.

What to watch: Risk assets love lower rates — but only if inflation doesn’t spiral. Keep an eye on bonds, tech, and gold.

🛢️ Oil Spikes as Middle East Heats Up

Oil jumped 3% after Israel ordered strikes on Iranian “strategic targets” — and Trump is teasing a U.S. strike too. His words: “I may do it, I may not do it… nobody knows what I’m going to do.”

That’s… comforting.

Brent hit $78.85, its highest since January. JPMorgan is warning that Iranian regime change could send oil to the moon.

Why it matters: Iran is a major oil producer. Escalation = supply risk = higher prices = inflation = tougher job for Powell. Again.

What to watch:

• Oil: still long-biased

• USD: flight-to-safety moves likely

• Stocks: risk-off if things pop off

Your gas bill might be the first casualty of WW3.

🇨🇦 Canada Claps Back with Tariffs

Oh Canada, you passive-aggressive genius.

Canada just hit back at Trump’s tariffs with its own countermeasures — new steel and aluminum tariffs starting July 21 and tougher rules favoring local suppliers.

This is part of a 30-day deadline deal Trump and PM Carney hashed out during the G7. And yes, Trump also joked about turning Canada into a U.S. state and charging them $71B to join the “Golden Dome.”

Why it matters: Trade tensions between North American bros are back. CAD could get whipsawed. So could materials stocks, supply chains, and anyone importing metal.

What to watch:

• USD/CAD direction as the July 21 deadline approaches

• Steel & aluminum names

• Any signs of Trudeau trying to sneak into the Golden Dome

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TRADING101

🧠 Market’s Having an Identity Crisis

Gold is down like peace is near.
Oil is up like war is near.
Futures are falling like war is here.
Yields are rising like peace has been signed.
Silver is sliding. Natural gas is surging.
Basically: the market is acting like it accidentally opened both CNN and Fox News at the same time.

This tweet from Kobeissi Letter nailed it — signals are all over the place. And while it’s funny, it’s also frustrating. When everything is sending a different message, how the heck are you supposed to trade it?

Here’s the deal:
The best traders don’t just trace lines and wait for confirmation candles. They build a thesis. A real one. Based on data, sentiment, fundamentals, and yes — vibes. Sometimes, it’s contrarian. Most times, it’s not obvious.

What to watch:

• Commodities (oil, nat gas) = risk-on

• Gold/silver = de-escalation pricing

• Yields = hawkish lean despite geopolitical noise

• Stocks = jittery, don’t want to guess wrong

So what now?
Zoom out. Form a view. Ask yourself: what do I think is really happening… and why? Then bet accordingly. If you’re right, the market will eventually catch up — and that’s how money gets made.

Or… just draw a trendline, pray, and blame Powell when it breaks.

MARKET OVERVIEW

🍿 Tasty Movers & Shakers

$AAPL ( ▲ 0.24% ) Word on the street is Apple’s dropping a foldable iPhone next year. Because apparently, your $1,200 rectangle that’s basically identical to the last 6 rectangles isn’t “premium” enough. Can’t wait to accidentally sit on it and fold my portfolio too.

$FOX ( ▼ 0.59% ) Fox just bought Caliente TV to beef up its sports lineup. No word yet on how much they paid, but let’s assume it was enough to make ESPN raise an eyebrow. Expect more fútbol, more betting talk, and more dads yelling at their TVs.

$MCD ( ▼ 0.75% ) McDonald’s just broke below its 200-day moving average and is down nearly 10% this month. Why? Wall Street says the menu’s too pricey. Main Street says the McChicken ain’t McCheap anymore. Me? I’m still ordering two hash browns and pretending it’s a balanced breakfast.

$XAUUSD ( 0.0% ) Gold is stuck in the middle like your buddy trying to split the bill after 3 cocktails. The Fed holding steady should’ve sunk it… but Middle East tensions are propping it up. Translation? It’s a geopolitical tug-of-war—and gold is just trying not to get rug-pulled.

PROP FIRMS

🤑 Friday Motivation

🚀 Pre-Market Fuel

1. 🤔 Is this the easiest prop firm challenge?

2. 🥳 Trump extended the TikTok ban delay by another 90 days.

3. 😢 There’s now a 20% chance of a nuclear bomb going off this year.

4. 🏀 The Lakers have been sold for $10 billion.

5. 🇯🇵 Japan is doing something not seen in decades.

🍪 Munchy Memes

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