On June 5, Elon Musk tweeted out asking if it's time to create a new political party in America that actually represents people in the "middle".
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As of June 6, that public poll has over 5 million votes AND someone already created a crypto coin called XPARTY that represents this new political party. Crazy stuff.
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What we've got in this edition:
Rent Inflation. Find out how rent inflation can affect the stock market.
Constellation Energy. This company just signed a long-term agreement with Meta. Time to fire-up those nuclear reactors.
IRS for the WIN. The tax agency just made their Direct File software open source, basically giving Intuit (TurboTax creator) the finger π.
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π¨ Market News
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Week of June 2, 2025
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β² S&P 500
6,000.36
+2.10%
β² Nasdaq
19,529.95
+2.60%
β² DOW
42,762.87
+1.93%
βΌ Bitcoin
$104,434.70
-1.21%
βΌ Ethereum
$2,495.61
-1.71%
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*Stock data as of market close on June 6, 2025. Cryptocurrency data as of 2:00pm PT on June 6.
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Fear and Greed Index
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Market Highlights
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The S&P 500 touched 6,000 points for the first time since February and wrapped up its fifth positive week in the past seven following a better-than-expected jobs report.
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Bitcoin has been slowly receding from its ATH of $111,681 that it reached on May 22.
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Earnings Season
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Company
EPS
Revenue
Insight
Broadcom
π Beat
π Beat
AI revenue grew 46% YoY. Strong momentum in AI semiconductor and software solutions.
Crowdstrike
π Beat
π Miss
Subscription revenue grew 20% YoY. Generated record cash flow from operations of $384M.
π US rent inflation returns as construction stalls. Don't ignore this trend. Rent makes up a large portion of the Consumer Price Index (CPI), which the Fed looks at to see how bad overall inflation really is. Sticky inflation = delayed interest rate cuts (or even rate hikes) = stock market decline. βMarket Impact: βοΈ Bearish
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π΅ Dollar weakens on renewed tariff concerns. A weaker dollar might sound bad, but it's actually bullish for the stock market. It makes U.S. exports cheaper and more competitive abroad, which translates into higher earnings for multinational companies (e.g., Apple, Microsoft, Nvidia). βMarket Impact: βοΈ Bullish
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Source: @bravosresearch on Twitter
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π The Organization for Economic Cooperation and Development (OECD) lowered its global economic growth outlook to 2.9% for 2025 and 2026, down from 3.3% last year. On the surface, it might seem like this forecast would negatively affect the stock market. But our contrarian take is that the market has already priced in economic uncertainty from tariffs, so any price swings that do happen in the future, will be triggered by extraneous factors. βMarket Impact: π΄ Neutral
Profile: Digital infrastructure company. IPO'd in April 2022. Market cap of $2.87B. Last closed at $12.77/share.
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Financials: Full-Year 2024 revenue reached $165.6 million, a 199% increase from the previous year.
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Risk/Opportunity: Currently operating at net loss, but the company recently announced two 15-year leases with CoreWeave that will bring in $7 billion in new revenue.
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The Verdict: The profitability struggle is real. CoreWeave partnership is significant due to the long-term commitment. This is a good company to add to the watchlist and re-evaluate once net losses improve.
Profile: Carbon-free energy company. IPO'd in February 2022. Market cap of $90.85B. Last closed at $289.88/share.
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Financials: Revenue for Q1 2025 reached $6.79B, up 10% YoY.
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Risk/Opportunity: The company's profit margin decreased to 1.7% from 14% a year ago. However, it signed a 20-year agreement with Meta Platforms to fuel the big tech companyβs energy-intensive data center buildout.
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The Verdict: Profit margin is thinning, but long-term agreement with Meta is bullish. Nuclear energy in general is transitioning into supportive environment. Good company to monitor as national energy production strategy evolves.
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β°οΈ Tech Terrain
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π Moderate Impact | IRS Makes Direct File Software Open Source
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Background: The IRS (Internal Revenue Service) published most of the code for its Direct File on GitHub, making it open source and available for others to use.
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Investor Impact: This development is bearish for paid tax filing services like TurboTax (built by Intuit) and H&R Block. Since the Direct File code base is public now, anyone can pretty much use it to build out their own free tax filing system and undermine Intuit's and H&R Block's business models.
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π Watchlist | Amazon Plans to Automate Package Fulfillment with Robots
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Background: Humanoid robots will be be trained to jump out of Amazonβs Rivian-made delivery vans for last-mile package delivery and actually drop the package at your doorstep.
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Investor Impact: Bullish for Amazon once this technology becomes mature. Modern robots still have trouble walking on two legs and carrying heavy packages. Replacing human workers with robots would improve Amazon's earnings since AI doesn't need PTO or health insurance, but if this were to actually happen on a large scale, expect some public push back.
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π£οΈ Social Signals
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Source: Reddit
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π‘ Top Google Searches (June 2 - June 6):
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Trend
Search Volume
Insight
"avgo stock"
β¬οΈ 400%
Strong earnings and customer relationships. Poster child for operating efficiency.
"circle stock"
β¬οΈ 400%
USDC stablecoin issuer goes public and stock jumps 170%.
"jobs report"
β¬οΈ 500%
US economy added 139k jobs in May, above expectations.
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π§ Twitter Social Sentiment Scorecard (June 2 - June 6):
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Trend
Mood
Insight
Circle
π Ultra-Bullish
Stablecoin issuer debuted on NYSE and crypto fans are ecstatic.
Boeing
π Bullish
Company avoids court cases and starts to rebuild public trust.
$XPARTY
π Bullish
New crypto coin for political centrist movement that represents the β80% in the middleβ.
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