📈 Nvidia Pops, But ASML Drops

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Good Morning!

Today we’re tracking a tech-fueled Nasdaq rally, Nvidia’s big return to China, and a crypto shake-up on Wall Street as JPMorgan and Citi lean into stablecoins. We’re also unpacking ASML’s surprise stock dip, the dollar’s decline, and why markets keep hitting record highs, even when the numbers don’t back it up. Plus, we spotlight two long-term stock picks and the dangers of too much, or too little, diversification.

Grab your Iced Latte and let’s get into it. ☕️ 👇️ 

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Market News

📈 Nasdaq Closes at New High as Nvidia Leads Tech Rally
Markets were all over the place Tuesday. While the Nasdaq notched a fresh record, rising 0.2% thanks to a tech rally led by Nvidia’s 4% jump, the S&P 500 slipped 0.4% and the Dow tanked over 400 points, down 1%.

Inflation ticked up to 2.7% in June, matching expectations but still well above the Fed’s target, putting hopes of a rate cut on ice.

Meanwhile, Nvidia surged after confirming it’ll resume AI chip shipments to China, thanks to a quiet green light from the White House.

🤔 JPMorgan's Dimon and Citigroup's Fraser consider stablecoins in Wall Street crypto pivot
Wall Street’s crypto pivot is speeding up, even as Congress stalls. GOP lawmakers hoped to pass three major crypto bills this week, including a ban on central bank digital currencies and a framework for stablecoins, but internal disagreements froze the effort.

Still, big banks aren’t waiting. JPMorgan, Citi, and even Bank of America are eyeing stablecoins, expecting eventual federal approval.

Jamie Dimon, once a vocal crypto skeptic, now says JPM will dive in to stay competitive, though he’s still not sold: “I think they’re real, but why not just use payments?”

💵 The Loss of Dollar Dominance
Mark Rzepczynski argues the recent decline, while pulling the greenback closer to its long-term average, reflects deep structural issues, not just macro trends. Quant models missed it, because this isn’t about growth or inflation, it’s about U.S. uncertainty, trade tensions, and ballooning debt.

👇️ ASML shares drop 6.5%
ASML crushed Q2 estimates, posting €7.7B in revenue and €2.29B in profit, but shares still slid 6.5% Wednesday after soft guidance and a warning of no growth in 2026. Despite strong AI-driven demand and a massive €5.5B in net bookings, ASML flagged tariffs and geopolitical risk as reasons for caution next year.

🇨🇳 Nvidia's Huang hails Chinese AI models as 'world class'
Nvidia CEO Jensen Huang is back in China, again. Speaking at a Beijing supply chain expo, Huang praised Chinese AI models from Alibaba, Tencent, and Deepseek as "world class" and emphasized how AI is transforming global supply chains. Following U.S. approval, Nvidia’s popular H20 chips are set to resume sales in China, with ByteDance and Tencent reportedly preparing orders, though ByteDance has denied this.

Invest & Strategies

2️⃣ 2 Stocks I'm Still Holding for the Next Decade
Want to beat the market? Hold your winners. It’s tougher than it sounds, but it’s exactly what legends like Warren Buffett has done for decades. Trimming too soon kills long-term gains, and the best way to build wealth is to let great companies run. Here are two stocks worth buying now, and holding tight for the next 10+ years, no matter the noise.

⚖️ Diworsification and deversification
Too many ETFs? Maybe. Not enough diversification? Definitely. Norman Retzke breaks down a key risk facing modern investors: "deversification", concentrating your bets instead of spreading them out, as Jason Zweig warns. New ETFs may look innovative, but many carry more risk than people realize, holding fewer stocks and amplifying market swings.

👆️ The stock market can go up, even if you don't understand why
Markets are soaring, but the story underneath isn’t adding up. Callie Cox notes we’ve had 64 straight days of head-scratching moves, with the S&P 500 up 26% since April 8, even as earnings and economic momentum have weakened.

Record highs amid falling fundamentals? It’s happened before, like during the 2020 COVID crash, but back then we had massive stimulus and zero rates. Now? No Fed lifeline, no fiscal cavalry, and still…stocks fly. Cox sums it up: the most dangerous phrase in finance—“this time is different.”

Our Recommendations:

💻️ MEXC - Where we find and trade Crypto with low fees.
📈 TradingView - Software we use to chart stocks.
🔐 Trezor - Our favorite hardware wallet to keep our Crypto secure.
🦑 Kraken - Where we buy crypto with cash / withdraw profit to our bank.