And a whole lot more!<\/p>\n
So let's dig into the 10 Things You Need to Know About Markets Right Now:<\/p>\n
1. War Is Driving a Resurgent Gold Trade<\/h2>\n
Early Friday, Israel launched a series of attacks on Iranian nuclear and military targets.<\/p>\n
That drove a big rally in commodities like oil and precious metals.<\/p>\n
Gold is up over 30% this year and this conflict could be a catalyst for more gains – especially if Iran retaliates.<\/p>\n
Breaking through resistance at the $3450 area would the first step:<\/p>\n
Last week, Elon Musk went to war with President Trump over the “big beautiful bill” being stuffed with more pork than a bacon factory.<\/p>\n Musk even dropped this bomb, though it was deleted this week.<\/p>\n But these two Titanic egos made nice this week, with Musk Tweeting “I regret some of my posts about President @realDonaldTrump last week. They went too far.”<\/p>\n And yes, this is a stock market story because it's created extra volatility in Tesla stock.<\/p>\n We'll talk about a problem with Tesla stock below in this article…<\/p>\n We ran a screen in KoyFin for US stocks with these attributes:<\/p>\n So forget about profits – these companies barely have any sales.<\/p>\n The results were pretty wild.<\/p>\n We have 18 total stocks, and 15 of them are up this quarter, led by:<\/p>\n (numbers are as of Thursday June 12 at 10:50 am ET)<\/em><\/p>\n And the average return is 47%.<\/p>\n Yes, 47%.<\/p>\n Speaking of surges…<\/p>\n In recent weeks, we've talked about the biotech sector waking up<\/a><\/strong><\/span> after 10 years of doing a whole lotta nothing.<\/p>\n And traders have been eager to see small caps play catch-up thanks to the light CPI and PPI reports.<\/p>\n So what's happening?<\/p>\n Biotech is rocking, with the XBI<\/strong> ETF up almost 6% this month.<\/p>\n Small caps? Not so much.<\/p>\n The latest AAII Sentiment Survey shows that 36.7% of investors are bullish.<\/p>\n This is off lows from earlier this year, as you can see on the chart:<\/p>\n But it's below the long-term bullish average of 37.5%.<\/p>\n In fact, we haven't had an above-average bullish reading since January 29, when 41% of investors were bullish.<\/p>\n Let's just remember that it's awfully tricky to turn sentiment numbers into actionable information for our trades.<\/p>\n Sami's known for making bold statements, like when he accurately predicted Tesla<\/strong> (TSLA) $400 and<\/span> Bitcoin<\/strong> $100,000<\/a>.<\/p>\n And then on June 4, Sami announced that he put 54% of his IRA into the Direxion Daily FTSE China Bull 3x Shares ETF<\/strong> (YINN).<\/p>\n And guess what?<\/p>\n China's been doing great since then, with YINN<\/strong> up 13% and iShares China Large-Cap ETF<\/strong> (FXI) up 4%:<\/p>\n![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-13-at-1.22.46-PM.png\")
<\/a><\/p>\n2. President Trump and Elon Musk Made Up<\/h2>\n
<\/a><\/p>\n<\/a><\/p>\n3. There's Been a Shocking Rally in Super-Speculative Stocks<\/strong><\/h2>\n
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<\/a><\/p>\n4. Biotech Is Showing Signs of Life, Small Caps Not So Much<\/strong><\/h2>\n
<\/a><\/p>\n5. Sentiment Remains Weak<\/strong><\/h2>\n
<\/a><\/p>\n6. Sami Abusaad Provided Another WTF Moment…<\/h2>\n