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🔔 The Opening Bell
Good morning.
President Trump just turned a clothing ad into a market-moving event: American Eagle Outfitters stock rocketed 21% yesterday after Trump’s social media shoutout to Sydney Sweeney's campaign. Apparently, presidential fashion endorsements pack more punch than analyst upgrades.
Markets staged a dramatic comeback yesterday with the S&P 500 snapping its four-day losing streak and the Nasdaq posting its best session since May. But all is not well—as the Street is still waiting for a BLS replacement to be named.
Big investors are buying this “unlisted” stock
When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs who backed Uber, Venmo, and eBay also invested in Pacaso.
Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties, revamping the $1.3T vacation home market.
And it works. By handing keys to 2,000+ happy homeowners, Pacaso has already made $110M+ in gross profits in their operating history.
Now, after 41% YoY gross profit growth last year alone, they recently reserved the Nasdaq ticker PCSO.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.
📰 Market Headlines
Markets rebounded sharply on Monday following last week's sell-off triggered by weak jobs data and tariff concerns.
The S&P 500 jumped 1.47%, snapping a four-day losing streak, while the Nasdaq surged 1.95% for its best session since May, and the Dow added 1.34%.
President Trump's BLS commissioner firing continues to ripple through markets after Friday's weak jobs report. The White House is expected to announce a replacement this week.
The Texas redistricting battle has politicians on the run—literally. It sparked a standoff as Democrat state lawmakers fled the state to block a Republican-led effort to redraw congressional maps. Governor Abbott has ordered state police to arrest the absent Dems.
The weakening labor market has Fed officials talking. San Francisco Fed President Mary Daly said the time for rate cuts is nearing and suggested the Fed could cut more than the two times previously signaled for this year.
Palantir's stock jumped 4.14% ahead of its earnings report, buoyed by a $10 billion contract with the US Army. Analysts expect continued double-digit growth for the defense tech firm.
American Eagle Outfitters stock jumped nearly 19% after President Trump gave a social media shoutout to its Sydney Sweeney ad campaign. The jeans are flying off the shelves, and so is the stock.
President Trump is hiking tariffs on India, accusing the country of flipping Russian oil for profit. His new executive order with duties ranging from 10% to 41% on dozens of countries is set to take effect this week.
The EU announced it will suspend its countermeasures against US tariffs for six months while negotiations continue.
The news is a mixed bag—will markets end the day up or down?
😱 Fear and Greed Index
Markets have bounced back up from “neutral” to “greed” again, signaling that investors saw Friday’s pullback as an opportunity, not a death sentence.
However, the index may have returned to the green, but it only rose by 6 points in total—and the market can be a fickle beast. Keep your eyes on the headlines.
📊 Infographic of the Day
These Are The World's 50 Most Valuable Private Companies
— #zerohedge (#@zerohedge)
9:45 AM • Aug 5, 2025
🧠 The Missing (Market) Links
Interested in index funds but don’t know where to start? Here’s a guide to index funds, covering the biggest and best (and each of their strengths and purposes).
Given Trump’s Sydney Sweeney shoutout, you might think r/WallStreetBets was in a tizzy over $AEO again—but the #1 stock Reddit’s talking about today is from a different news story.
Scientists were able to use AI to discover a new law of physics—causing some people to rejoice, and some to wonder if the threat of superintelligence is nearer than we thought.
Readjust your grindset: a study found that people who focus on “being the best” have worse outcomes statistically than these people.
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🚚 Market movers
Berkshire Hathaway shares sank over 3% following a $3.8 billion write-down on its Kraft Heinz stake and a 4% dip in operating income.
Tesla shares rose 2% after approving a $29 billion share award for Elon Musk to keep him through its shift to robotaxis.
Broadcom launched its Jericho chip, enhancing AI data center networks, and will target cloud giants Microsoft and Amazon.
Foxconn sold its former GM factory for $88 million after failing to establish large-scale EV production.
🪙 Crypto
Bitcoin tumbled after nearly $1 billion in ETF outflows and President Trump’s tariffs, then stabilized as opportunistic buyers stepped in.
Peter Thiel-backed crypto platform Bullish filed for an IPO, aiming to raise $629 million by selling 20.3 million shares.
XRP and Dogecoin led the rebound, each jumping as much as 5%.
CFTC and SEC launched Project Crypto, sparking a reshoring wave as Nexo, Wintermute, and Bitmain moved operations to the US.
FinCEN warned banks about crypto ATM fraud, citing criminal organizations and elder scams.
Japanese firm Metaplanet bought another $54 million, bringing its total to 17,595 BTC and locking in 7th place among corporate holders.
💰 Alternative Investing News
Private Firm Freeman Spogli snapped up Philz Coffee for a reported $145 million.
Carlyle closed its largest US real estate fund ever, locking in $9 billion for opportunistic bets on residential, self-storage, and industrial properties.
Puerto Rico’s Acting Commissioner of Financial Institutions, Monica Rodriguez, cracked down on the island’s private equity boom after the number of funds quadrupled to over 130 since 2019.
🤖 AI/Future/Tech News
Google's AI bug hunter, Big Sleep, uncovered 20 security vulnerabilities in popular open-source software.
Rivian filed a lawsuit in Ohio to challenge the state's ban on direct EV sales.
Amazon denied reports of shutting down its Wondery podcast studio.
Perplexity ran afoul of ethical data use by scraping websites that blocked AI scraping, raising industry eyebrows.
🌍 International Markets
🇧🇷 Brazil opted not to retaliate against the new 50% US tariffs, rolling out a domestic relief package for affected industries after securing key exemptions for aviation, energy, and mining.
🇨🇭 Swiss stocks tumbled, with the SMI index recovering from an early 1.7% drop to a 0.4% loss in afternoon deals amid uncertainty.
🇨🇦 Canada's economy showed resilience, with consumption modestly growing and the Bank of Canada holding interest rates at 2.75%.
🇦🇿 Azerbaijan's tourism landscape shifted as visitors from India and Russia declined, while arrivals from Africa and Central Asia increased.
🎤️ What you said last time
“The government can't afford for people to lose confidence in real estate again.”
📊 Earnings
Hims & Hers reported a 73% revenue increase to 544.8 million, missing expectations, so shares fell 9%.
Wayfair logged its strongest quarter since the pandemic with 3.3 billion in revenue, beating forecasts; shares surged 11%.
Palantir hit 1 billion in revenue for the first time, boosting guidance, and shares rallied 3%.
Tyson Foods exceeded earnings expectations with adjusted EPS of 91 cents, beating the 72 cents forecast; shares remained stable post-announcement.
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📺 What to watch today
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Cheers,
Brandon with Stefan & Wyatt
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