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- š S&P 500 Hits 6K
š S&P 500 Hits 6K
S&P500 Cracks 6000 for the first time since February, Appleās big WWDC moves and a $5.4B crypto bet out of Tokyo.
Good Morning!
Happy Monday, itās a fresh week and the headlines are already heating up. From Wall Street's rebound to Appleās big WWDC moves and a $5.4B crypto bet out of Tokyo, hereās what you need to know to start your week strong.
Grab your Iced Latte and letās get into it. āļø šļø
Markets
š S&P 500 Hits 6,000 Points for First Time Since February
Stocks snapped back hard Friday, riding high on a stronger-than-expected jobs report that helped ease nerves over tariffs. The S&P 500 jumped 1% to close just above the 6,000 mark, a key milestone it hadnāt touched since February. The Dow added 1.1%, and the Nasdaq outpaced both with a 1.2% gain.
Tesla bounced nearly 4% after a wild Thursday crash, when it tanked 14% following a very public clash between Elon Musk and President Trump. And with 139,000 new jobs added in May, way above forecasts, Wall Streetās rally rolled into a second strong week.
šļø Former Zillow Execs Target $1.3T Market
Spencer Rascoff co-founded Zillow. Austin Allison sold his company to Zillow for $125M. Now theyāre transforming the $1.3T vacation home market via co-ownership. By selling shares of luxury properties, Pacasoās already earned $100M+ in gross profit. Invest Now! [ad]*
š§ What to expect from Apple's event as Wall Street looks for AI gains
Appleās WWDC 2025 is officially underway in Cupertino, and all eyes are on whatās next for iOS and beyond. While last yearās flashy AI promises still havenāt fully materialized, especially that generative Siri, this year investors are hoping for more clarity. Expect fresh features across Appleās software lineup, but donāt hold your breath for a major hardware reveal.
š° 1 Low-Risk Way to Help Grow Your Portfolio to $1 Million
Chasing fast gains might feel tempting, but itās often a shortcut to regret. Many investors fall into the trap of taking on too much risk, only to double down after losses, a cycle that can wreck long-term goals. Instead, building to $1 million doesnāt require risky bets. A consistent, decades-long investment in a strong ETF can quietly do the heavy lifting.
šØš³šŗšø China and U.S. trade officials to hold talks in London
Top U.S. and Chinese trade officials are meeting in London today, aiming to defuse a tense trade standoff between the worldās two biggest economies. Talks come just days after Trumpās call with President Xi and weeks after both sides agreed in Geneva to slash tariffs temporarily.
Washington's delegation includes Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, while Chinaās Vice Premier He Lifeng leads Beijingās team. Despite ongoing accusations from both sides, the focus now is salvaging progress and keeping markets calm.
š°ļø Bitcoin buyer Metaplanet jumps on $5.4 billion fundraising plan
Metaplanetās bold $5.4 billion Bitcoin push sent its shares soaring 22% in Tokyo Monday, after unveiling what it claims is Japanās largest-ever stock acquisition rights program. The company aims to scale its BTC stash from 8,888 to 210,000 by 2027. Once a hotelier, now a crypto whale-in-the-making, Metaplanet is following the Michael Saylor playbook, selling stock to load up on Bitcoin.
*This is a paid advertisement for Pacasoās Regulation A offering. Please read the offering circular at invest.pacaso.com.
Quick Links
š Trump Wants the Fed to Cut Interest Rates by a Full Point. That Normally Takes a Recession.
š¢ Silicon Valley's not crying for Musk.
šŖ Morgan Stanley, Goldman see resilient economy supporting stocks.
š China extends an olive branch to Western auto giants over rare earth shortage.
š°š· Trump, South Korea's new president agree to make a deal on tariffs that would satisfy both countries.
š¾ Japan to consider buying back some super-long government bonds.
š¦ Ether Holds Steady Above $2,500 as ETF Demand Signals Institutional Confidence.
Best of Twitter
Look at this.
Representative Rob Bresnahan said he would ban stock trading when he got into Congress in January.
Since then, he's traded 530 times.
ā unusual_whales (@unusual_whales)
10:01 PM ⢠Jun 8, 2025
Our Recommendations:
š»ļø MEXC - Where we find and trade Crypto with low fees.
š TradingView - Software we use to chart stocks.
š Trezor - Our favorite hardware wallet to keep our Crypto secure.
š¦ Kraken - Where we buy crypto with cash / withdraw profit to our bank.
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