TLDR

MARKET RECAP → Stocks rose on Monday as investors fears over trade developments were outweighed by optimism around earnings. The S&P 500 (VOO) and Nasdaq Composite (QQQ) both hit all-time intraday highs, powered by advances in big tech.

TRUMP’S CRYPTO GAMBLE→ Trump Media holds $2B in bitcoin (two-thirds of its assets) sending DJT stock up 9% as Trump amps up his crypto advocacy. $BTC.X ( ▼ 0.78% ) 

MICROSOFT BREACH FALLOUT → A Chinese-backed hacker group exploited a SharePoint zero-day to infect systems with stealthy malware, prompting Microsoft (MSFT) to issue a fix. The attack shows a troubling evolution in cyber tactics targeting enterprise software.

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MARKETS

Market Snapshot

Today’s S&P 500 Heatmap

Notable Earnings This Week

POLL OF THE DAY

Politics

Trump’s Crypto Gamble

Bitcoin Bet Balloons: Trump Media & Technology Group (DJT) disclosed that it holds nearly $2 billion in bitcoin, making it one of the largest corporate holders of the cryptocurrency. The stash accounts for roughly two-thirds of DJT’s total assets, as the firm leans heavily into crypto alongside its Truth Social platform. $BTC.X ( ▼ 0.78% ) 

Trump’s Crypto Crusade: The revelation aligns with Trump’s broader embrace of digital assets during his campaign. He’s touted crypto as a counterweight to central bank power, boosting DJT’s profile as a de facto pro-crypto company.

Market Ripple Effect: News of DJT’s bitcoin trove sent its shares climbing 9% and added momentum to bitcoin’s rally past $123,000. Analysts see the bet as high risk but potentially transformative if crypto adoption accelerates.

Tech

Microsoft Breach Fallout

Hackers exploited a newly discovered flaw in Microsoft SharePoint: A Chinese state-backed group known as Storm-0866 used a zero-day vulnerability in Microsoft’s (MSFT) widely used SharePoint tool to deploy malware called “Deadglyph.” The attackers slipped through before the flaw was patched in May, exploiting government and enterprise servers across multiple sectors.

Beijing-linked group gets more sophisticated: The intruders’ toolset allowed them to mix legitimate software with malicious code, making detection harder. This group, previously linked to other cyber-espionage campaigns, upped their game with stealthy tactics and new exploit frameworks, reflecting a broader rise in state-sponsored cyber warfare targeting enterprise collaboration tools.

Patch issued, but damage control still underway: Microsoft’s security team has since fixed the bug and published detailed guidance, but experts warn some victims may still be compromised. Companies running older or misconfigured SharePoint instances are especially at risk if they haven’t updated. The incident also highlights growing concerns over the security of workplace productivity software.

BULL VS. BEAR

KEEP READING

Astronomer CEO’s ‘kiss cam’ controversy sparked over $7 million in prediction markets bets on his ouster (CNBC)

Treasury Secretary Bessent calls for a review of ‘the entire’ Federal Reserve (CNBC)

Figma IPO could value design software maker at $16 billion (CNBC)

EU's 'nuclear option' of moves against Trump tariff threat (Reuters)

Trump's Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them (Wired)

How to Change Your Money Mindset: 9 Tips for Abundance Thinking (ML)

NOTABLE POSTS

WHAT WE’RE WATCHING

A MESSAGE FROM OUR PARTNER

OUR FAVORITE TOOLS & RESOURCES

• Deribit — Crypto Futures and Options Exchange

• Generated Assets — Turn any idea into an investable index

• Polymarket — The world’s largest prediction market

• Unusual Whales — Companion for uncovering unusual market activity

• OpenBB — AI-powered research and analytics workspace

• Earnings Hub — Earnings calendar

• Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed

• Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine

• The Market Ear — Live news, analysis and commentary on what moves markets and trading

• Coinmarketcap.com — Crypto market data

• Finviz — Financial visualizations

• Trading Economics — Economic calendar

• CME FedWatch Tool — Market-implied probabilities of future levels of interest rates 

• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

• ChatGPT — Large language model-based chatbot powered by generative AI

• Vimcal — Lightning-fast calendar and AI scheduling assistant

• AltIndex — Alternative datasets to uncover unique insights

• GFR Smart Stock Selector — Filters stocks to help investor choices

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