🧪 Gates Vs. Musk

Good Morning!

I hope you all set of some fireworks for me! Our 4th of July sale was a smash hit, and I can't wait to dive into trading with all our new members. If you missed the party, don't sweat it—I'm opening up three exclusive discounted spots just for you. Use code "julysale" to grab yours before they're gone. Let’s make some serious moves together!

Today, Tesla's surge has Elon Musk calling out Bill Gates, Bitcoin and Ether are diving, and the Sterling is rallying post-election. Futures are climbing as we await crucial labor data, Samsung is seeing an AI-driven profit surge, and political shifts in Europe are shaking up the markets.

Let’s get into it 👇

We had a great response to my huge 4th of July sale from TradingLab Premium!

I’m excited to personally teach all the new members how to trade with my signals, along with my team of professional analysts.

But…

A couple of readers mentioned to me that you were out celebrating the 4th and missed the sale…

For you latecomers, I’ve opened up a total of THREE discounted spots that will be first come, first served - they won’t last long.

After that, it’s back to full price.

You can use the code “julysale” to snag one of the three discounted spots in the largest and most profitable trading signals community!

See you inside, let’s make some money 👀 

🌡 Market Temperature Check

😲 Tesla Two-Day Rally Inspires Elon Musk to Call Out Bill Gates

📉 Bitcoin sinks 8% to four-month low, ether slides 9%

💹 GBP/USD: Sterling Looks Up to $1.28 After UK Labour Party Wins Landslide Election

📰 What’s Happening Today?

Futures Edge Higher as Markets Anticipate Key Labor Data

U.S. stock futures are on the rise as we head into Friday, with investors eagerly awaiting the latest nonfarm payrolls report for June. This data could be a game-changer, and completely sway the Federal Reserve’s interest rate decisions later this year.

• Market Movement:

  • Dow futures are up 57 points (0.2%).

  • S&P 500 futures have climbed 7 points (0.1%).

  • Nasdaq 100 futures gained 41 points (0.2%).

After the Independence Day holiday, Wall Street is back in action, ready to digest fresh economic data and adjust its stance accordingly.

For a closer look at real-time futures data, check out these futures charts.

P.S: We send daily futures signals in TradingLab Premium 👀

Key Nonfarm Payrolls Report on the Horizon

Economists are predicting a significant slowdown in job additions for June, as highlighted in the nonfarm payrolls report. This cooling in labor demand might just be the nudge the Fed needs to start slashing interest rates from their two-decade highs.

• Expectations:

  • Job additions are estimated at 191,000, down from 272,000 in May.

  • Average hourly wages are expected to rise by 0.3% month-on-month.

  • The unemployment rate is projected to remain steady at 4.0%.

Recent data showed that private payroll growth eased, and the quits rate—an indicator of labor market confidence—held steady. A cooling jobs market could reduce inflation pressures, making a strong case for potential rate cuts by the Fed in 2024.

Samsung Electronics Predicts Massive Profit Surge

In tech news, Samsung Electronics is anticipating a massive 15-fold increase in its second-quarter profits, thanks to booming demand for artificial intelligence (AI) technologies.

• Financial Forecast:

  • Operating profit is expected to hit 10.4 trillion won ($7.50 billion), compared to 670 billion won last year.

  • This is the highest profit since Q3 2022, smashing forecasts of 8.8 trillion won.

Samsung’s success is driven by the surging demand for memory chips in the AI sector. The company is gearing up for mass production of advanced high-bandwidth memory chips, aiming to secure more orders from industry heavyweights like Nvidia.

Political Shifts in Europe: Labour's Win and French Elections

On the political front, the U.K.’s Labour Party has clinched a sweeping victory, ending a 14-year Conservative rule and bringing fresh energy to the market. This win has boosted U.K. stocks and the pound, signaling potential stability after years of economic turmoil.

• Election Highlights:

  • Labour, led by Keir Starmer, won 410 out of 650 seats.

  • The rise of the right-wing populist Reform UK party, led by Nigel Farage, adds a new twist to the political landscape.

As the U.K. digests this major shift, all eyes are on France, where the second round of parliamentary voting is imminent. The success of the far-right National Rally in last weekend’s vote has set the stage for a contentious political battle.

✍ TL;DR

• Tesla Surge: Two-day rally inspires Elon Musk to call out Bill Gates.

• Crypto Crash: Bitcoin sinks 8% to a four-month low, Ether slides 9%.

• Sterling Rally: GBP/USD looks up to $1.28 after UK Labour Party's landslide election win.

• Market Watch: Futures climbing (Dow +57, S&P 500 +7, Nasdaq 100 +41) ahead of key labor data.

• Samsung Profit Surge: Predicts 15-fold increase in Q2 profits due to AI demand, operating profit expected at 10.4 trillion won.

• European Politics: UK Labour Party ends 14-year Conservative rule, boosting UK stocks and the pound; French elections seeing rise of far-right National Rally.

Stay ahead, stay informed, and most importantly, stay profitable.

‘til next time,

TradingLab