The Bitcoin flush, shorting TSLA, and Mag 7 domination – Stock Market Analysis for July 05, 2024

Welcome back everyone to Stock Market Weekly Episode #739 for Friday, July 05, 2024 where we will be breaking down the most important trends, price action, and noteworthy moves across financial markets.

As always, we will share extensive analytics on the S&P500 (SPX), Nasdaq 100 (NDX), Russell 2000 (RUT), and current volatility environments.

In this week’s episode:

  • Unemployment ticks to 3 year highs
  • 10Y yield back below 4.30%
  • TSLA explodes to the upside +26%
  • Bitcoin flushes through the May lows
  • Mag 7 domination

Markets covered: GLD

Stocks covered: IBIT AAPL MSFT

We hope that you enjoyed this week’s episode!

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