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. The Super-Duper Spec Rally Is Slowing<\/strong><\/h2>\nWe fired up our scanner to look for stocks with these attributes:<\/p>\n
\n- Revenues below $100 million<\/li>\n
- Market Cap over $2.5 billion<\/li>\n<\/ul>\n
So forget about profits – these companies barely have any sales.<\/p>\n
The results were pretty wild.<\/p>\n
We came up with 23 stocks led by:<\/p>\n
\n- NuScale Power<\/strong> (SMR): +167%<\/li>\n
- Quantum<\/strong> Computing<\/strong> (QUBT): +142%<\/li>\n
- D-Wave Quantum<\/strong> (QBTS): 107%<\/li>\n<\/ul>\n
(numbers are as of Friday June 20 at 1:06 am ET)<\/em><\/p>\nAnd the average return this quarter is 47%.<\/p>\n
Yes, 47%.<\/p>\n
But over the last week, they are down an average of -0.2%.<\/p>\n
Just look at the right column in this table – there's a lotta red in there.<\/p>\n
![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-20-at-1.05.55-PM.png\")
<\/a><\/p>\nSo if you've been waiting for a slowdown in the wild ones, it may be here.<\/p>\n
2. Next Week Will Be a Doozy…<\/h2>\n
Markets are supposed to be sleepy in summer… but look at next week's calendar.<\/p>\n
It's jam-packed:<\/p>\n
![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/T3-Live-Calendar-Earnings-Economics-11.png\")
<\/a><\/p>\nWe have:<\/p>\n
\n- Multiple Fed heads including Powell speaking<\/li>\n
- Tons of key economic data reports including PCE Price Index, GDP, and Durable Goods<\/li>\n
- Earnings from Fedex<\/strong> (FDX), Micron<\/strong> (MU), and Nike<\/strong> (NKE)<\/li>\n<\/ul>\n
And that's on top of whatever headlines come out of the trade war and Middle East.<\/p>\n
3. The Odds Don't Favor a July Rate Cut… YET<\/strong><\/h2>\nAs of Friday afternoon, the CME's FedWatch tool shows that markets are pricing in a 14.5% probability of a July rate cut:<\/p>\n
![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Economic-Data-Charts-4.png\")
<\/a><\/p>\nSo Trump and Waller's calls for cuts aren't making a dent… yet.<\/p>\n
If we get a wave of lousy economic data next week – especially a light PCE Price Index number – perhaps the odds start shifting.<\/p>\n
4. CoreWeave Might Be the Most Crowded Short in the Market<\/strong><\/h2>\nFor weeks, we've yammered on Twitter\/X<\/a><\/strong><\/span> about the Put Skew in CoreWeave<\/strong> (CRWV) options.<\/p>\nAs you can see on this options chain, the implied volatility on CoreWeave puts is basically double that of calls.<\/p>\n
![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Economic-Data-Charts-2.png\")
<\/a><\/p>\nSo traders are paying way more for CoreWeave puts than calls.<\/p>\n
And what does that mean?<\/p>\n
Everyone is betting against CoreWeave.<\/p>\n
With so many people on one side of the trade, don't be shocked if CoreWeave just keeps rallying:<\/p>\n
![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-20-at-1.23.14-PM.png\")
<\/a><\/p>\n5. Sentiment Remains Weak<\/h2>\n
The latest AAII Sentiment Survey shows that 33.2% of investors are bullish.<\/p>\n
This is off lows from earlier this year, as you can see on the chart:<\/p>\n
![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Economic-Data-Charts-3.png\")
<\/a><\/p>\nBut 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
But nonetheless, it's a sign that many investors still distrust the market.<\/p>\n
And it's healthy because it means there's little euphoria in this market.<\/p>\n
6. ARKK Is on FIRE<\/strong><\/h2>\nDid you notice that Cathie Wood's ARK Innovation ETF<\/strong> (ARKK) is up 75% from the April lows?<\/p>\n![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-20-at-2.03.03-PM.png\")
<\/a><\/p>\nHow'd this happen?<\/p>\n
Good old-fashioned stock picking.<\/p>\n
ARKK's biggest positions include Tesla<\/strong> (TSLA), Coinbase<\/strong> (COIN), Circle Internet Group<\/strong> (CRCL), Roku<\/strong> (ROKU), and Tempus AI<\/strong> (TEM) — all of which are up huge off the April lows.<\/p>\nAnd if we take a longer-term look, ARKK is +19% YTD and +56% over the last 12 months, crushing the SPY.<\/strong><\/p>\nWell done Cathie!<\/p>\n
7. Gold Failed<\/h2>\n
Last week we discussed the possibility of gold powering through $3,450 resistance.<\/p>\n
Did it happen?<\/p>\n
No.<\/p>\n
![\"\"](\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-20-at-2.22.09-PM.png\")
<\/a><\/p>\nGold saw profit-taking this week, even with high uncertainty around the Middle East and on trade.<\/p>\n
But with the way the world is going, it should be on your radar.<\/p>\n
And on a related note:<\/p>\n
8. Uranium Might Fill the Gap<\/h2>\n
The Global X Uranium ETF<\/strong> (URA) has been an absolute monster this year because of supply-demand dynamics, including\u00a0 AI driving growth for more nuclear power.<\/p>\nURA gapped up on June 16 on President Trump's executive order to support the domestic uranium industry.<\/p>\n
However, it's now filling that gap:<\/p>\n
So forget about profits – these companies barely have any sales.<\/p>\n
The results were pretty wild.<\/p>\n
We came up with 23 stocks led by:<\/p>\n
- \n
- NuScale Power<\/strong> (SMR): +167%<\/li>\n
- Quantum<\/strong> Computing<\/strong> (QUBT): +142%<\/li>\n
- D-Wave Quantum<\/strong> (QBTS): 107%<\/li>\n<\/ul>\n
(numbers are as of Friday June 20 at 1:06 am ET)<\/em><\/p>\n
And the average return this quarter is 47%.<\/p>\n
Yes, 47%.<\/p>\n
But over the last week, they are down an average of -0.2%.<\/p>\n
Just look at the right column in this table – there's a lotta red in there.<\/p>\n
<\/a><\/p>\nSo if you've been waiting for a slowdown in the wild ones, it may be here.<\/p>\n
2. Next Week Will Be a Doozy…<\/h2>\n
Markets are supposed to be sleepy in summer… but look at next week's calendar.<\/p>\n
It's jam-packed:<\/p>\n
<\/a><\/p>\nWe have:<\/p>\n
- \n
- Multiple Fed heads including Powell speaking<\/li>\n
- Tons of key economic data reports including PCE Price Index, GDP, and Durable Goods<\/li>\n
- Earnings from Fedex<\/strong> (FDX), Micron<\/strong> (MU), and Nike<\/strong> (NKE)<\/li>\n<\/ul>\n
And that's on top of whatever headlines come out of the trade war and Middle East.<\/p>\n
3. The Odds Don't Favor a July Rate Cut… YET<\/strong><\/h2>\n
As of Friday afternoon, the CME's FedWatch tool shows that markets are pricing in a 14.5% probability of a July rate cut:<\/p>\n
<\/a><\/p>\nSo Trump and Waller's calls for cuts aren't making a dent… yet.<\/p>\n
If we get a wave of lousy economic data next week – especially a light PCE Price Index number – perhaps the odds start shifting.<\/p>\n
4. CoreWeave Might Be the Most Crowded Short in the Market<\/strong><\/h2>\n
For weeks, we've yammered on Twitter\/X<\/a><\/strong><\/span> about the Put Skew in CoreWeave<\/strong> (CRWV) options.<\/p>\n
As you can see on this options chain, the implied volatility on CoreWeave puts is basically double that of calls.<\/p>\n
<\/a><\/p>\nSo traders are paying way more for CoreWeave puts than calls.<\/p>\n
And what does that mean?<\/p>\n
Everyone is betting against CoreWeave.<\/p>\n
With so many people on one side of the trade, don't be shocked if CoreWeave just keeps rallying:<\/p>\n
<\/a><\/p>\n5. Sentiment Remains Weak<\/h2>\n
The latest AAII Sentiment Survey shows that 33.2% of investors are bullish.<\/p>\n
This is off lows from earlier this year, as you can see on the chart:<\/p>\n
<\/a><\/p>\nBut 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
But nonetheless, it's a sign that many investors still distrust the market.<\/p>\n
And it's healthy because it means there's little euphoria in this market.<\/p>\n
6. ARKK Is on FIRE<\/strong><\/h2>\n
Did you notice that Cathie Wood's ARK Innovation ETF<\/strong> (ARKK) is up 75% from the April lows?<\/p>\n
<\/a><\/p>\nHow'd this happen?<\/p>\n
Good old-fashioned stock picking.<\/p>\n
ARKK's biggest positions include Tesla<\/strong> (TSLA), Coinbase<\/strong> (COIN), Circle Internet Group<\/strong> (CRCL), Roku<\/strong> (ROKU), and Tempus AI<\/strong> (TEM) — all of which are up huge off the April lows.<\/p>\n
And if we take a longer-term look, ARKK is +19% YTD and +56% over the last 12 months, crushing the SPY.<\/strong><\/p>\n
Well done Cathie!<\/p>\n
7. Gold Failed<\/h2>\n
Last week we discussed the possibility of gold powering through $3,450 resistance.<\/p>\n
Did it happen?<\/p>\n
No.<\/p>\n
<\/a><\/p>\nGold saw profit-taking this week, even with high uncertainty around the Middle East and on trade.<\/p>\n
But with the way the world is going, it should be on your radar.<\/p>\n
And on a related note:<\/p>\n
8. Uranium Might Fill the Gap<\/h2>\n
The Global X Uranium ETF<\/strong> (URA) has been an absolute monster this year because of supply-demand dynamics, including\u00a0 AI driving growth for more nuclear power.<\/p>\n
URA gapped up on June 16 on President Trump's executive order to support the domestic uranium industry.<\/p>\n
However, it's now filling that gap:<\/p>\n
- Quantum<\/strong> Computing<\/strong> (QUBT): +142%<\/li>\n