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Gold ETFs Assets Under Management (June 2026) 🇺🇸 United States — $264.6 bn (48.2%) 🇬🇧 United Kingdom — $84.6 bn (15.4%) 🇨🇭 Switzerland — $50.0 bn (9.1%) 🇩🇪 Germany — $43.2 bn (7.9%) 🇨🇳 China — $39.7 bn (7.2%) 🇮🇳 India — $17.8 bn (3.2%) 🇫🇷 France — $11.0 bn (2.0%) 🇨🇦 Canada — $10.5 bn (2.0%)

A massive catalyst window is coming next Wednesday and Thursday, with mega-cap tech earnings and FOMC driving market direction.

% Below All-Time High... JPMorgan: 0% Apple: -1% S&P 500: -3% Nvidia: -13% Amazon: -17% Google: -22% Meta: -25% Gold: -28% Microsoft: -31% Tesla: -37% Palantir: -42% Netflix: -48% SpaceX: -49% Bitcoin: -50% Silver: -52% MicroStrategy: -83% Trump Coin: -98% Melania Coin: -99%

BREAKING 🚨: Nasdaq 100 $QQQ on track for its worst July in 22 years 📉 📉

💰 Here are 1⃣6⃣ stocks holding a massive portion of their market cap in net cash 👇 In a market turmoil, cash is not trash, it is optionality 🇨🇳📦 PDD $PDD $69B (58%) 🇫🇷✈️ Airbus $AIR $16B (9%) 🇺🇸🪭 Arista $ANET $15B (7%) 🇫🇷👜 Hermes $RMS $15B (8%) 🇺🇸💻 Palantir $PLTR $12B (5%) 🇳🇱💹 Adyen $ADYEN $11B (37%) 🇫🇷✈️ Dassault Aviation $AM $10B (38%) 🇸🇪🎼 Spotify $SPOT $10B (10%) 🇦🇷📦 Mercadolibre $MELI $9B (10%) 🇺🇸💻 Veeva $VEEV $7B (23%) 🇨🇦📦 Shopify $SHOP $7B (5%) 🇧🇪💉 Argenx $ARGX $5B (9%) 🇫🇷🔥 Technip Energies $TE $3.3B (48%) 🇺🇸💻 Reddit $RDDT $3.3B (10%) 🇮🇱🛡️ Check Point $CHKP $3.0B (22%) 🇺🇸🛡️ Qualys $QLYS $0.7B (14%) 💡 Why a massive cash pile matters for GARP investors? ✅ Downside protection ✅ Opportunistic M&A ✅ Capital return flexibility: Instant fuel for aggressive buybacks when the stock trades cheap Note: gross cash for some stocks (like Adyen, Technip or Dassault) includes temporary liabilities (merchant settlement funds, customer advances or order deposits)

The 10 Companies with the Highest Net Profit Percentage

Rande Howell on why traders struggle with uncertainty:

$GOOGL Q2 2026 visualized: • Revenue: $119.3B (+24%) • Gross profit: $73.9B (+29%) • Cost of sales: $45.9B (+19%) • Net income: $112.2B (+298%) The $98B in other income was mainly due to gains on $GOOGL’s stakes in $SPCX and Anthropic.

#earnings for the week of July 27, 2026 earningswhispers.com/calendar $MSFT $AAPL $AMZN $META $BE $SOFI $BSX $APLD $STX $ENPH $VRT $PYPL $HOOD $ORLY $ARM $QCOM $NVTS $KLAC $RBLX $BA $RDDT $V $AXTI $CLS $LRCX $BMY $XOM $NUE $CI $AZN $MA $KO $CMG $RMBS $BKR $TER $TLRY $UPS $AEM $CAR $DINO $FTNT $GLW $APH $VLO $MTZ $BOH $F $GNRC $SBUX

67 Hindenburg Omens in twelve months. A record. What the Hindenburg Omen actually measures: a split market. The signal fires when a meaningful share of NYSE and Nasdaq stocks hit new 52-week highs and new 52-week lows on the same day, while the index itself is still in an uptrend. Think about what that means. A healthy bull lifts most boats. A market printing record highs in one corner while another corner drowns in new lows is not one market anymore. It's two. The index masks a war underneath. One omen means little. The signal is famous for false alarms, and the joke that it predicted ten of the last three corrections is earned. What matters is clustering. Look at the chart: – 2000: 20 omens in twelve months, then the dot-com top – 2007: 37, then the financial crisis – 2018: 53, then the Q4 washout – 2021: 51, then the 2022 bear – 2026: 67. The highest reading in the data Every major top of the past 25 years was preceded by a cluster. Not every cluster was followed by a top. That's the honest reading of this chart. So we don't sell on an omen. We watch for confirmation: distribution days piling up, leaders breaking their 50-day lines on volume, breadth failing at new index highs. The omen says the engine is misfiring. The tape tells you when the car actually stops. Rotation can resolve it. So can a top. The next few weeks of confirmation decide which.

The Trading Plan:

Nasdaq futures finished today at a technical support level. Tomorrow will be very interesting considering it's a Friday and the market was weak going into it.

AI CAPEX CHEAT SHEET This is where you can make Millions over the next 5 years. Do not miss this. The world’s largest hyperscalers are on pace to invest 700B+ into AI infrastructure in 2026. Every dollar of AI CapEx flows through an entire ecosystem: • Compute: $NVDA $AMD $AVGO • Memory: $MU $SKHY $SNDK • Networking: $ANET $CRDO $MRVL • Photonics: $LITE $COHR $AAOI • Power: $ETN $PWR $VRT • Servers: $SMCI $DELL $HPE • Data Center REITs: $EQIX $DLR • AI Compute: $NBIS $IREN $APLD • Software: $PLTR $SNOW $NOW These companies directly benefit from the Capex investment from $GOOGL $AMZN Etc.

$SPX right at a near term rising support. We could find support here as sentiment is already very weak. If we breakdown here then a drop into next week, which I believe will be followed by a strong August regardless. *NFA

Baskets’ performance YTD, March (correction month), and QTD

Cash on the sidelines has fallen to a record low. Source: @PeterBerezinBCA, BCA Research

Global Space Inudstry

Nasdaq $NDX is bouncing. How epic would this be if they complete a diamond top pattern before letting it go?

$NDX WEEKLY: THE RETRACEMENT MATRIX 📉 The Nasdaq 100 vertical drop finally paused right at a familiar level. Sellers slammed price straight into the structural lows from the beginning of June near 28,231 before finding temporary relief. THE TWO PROJECTIONS 🟢 THE GREEN PATH (BULLISH): Despite the temporary bounce, we have still not seen a clean macro retracement test. To keep the most bullish wave active, price needs to pull back into the 38.2% Fibonacci level resting near 27,736. ⚫ THE BLACK PATH (BEARISH): If the floodgates open, the secondary sequence targets a complete macro retest of the major all-time highs printed in October of last year and January of this year, overlapping perfectly with the 61.8% retracement line near 25,867. The index is caught between short-term relief and deep macro targets. Track the reaction at the 28,231 floor. 💸💥 $NDX $QQQ #FinTwit #StockMarket #TechnicalAnalysis #JCSCharting

Most Valuable European Companies: 1/ $ASML: $671B 2/ $HSBC: $345B 3/ $ARM: $285B 4/ $LVMUY: $279B 5/ $AZN: $262B 6/ $SHEL: $242B 7/ $LIN: $237B 8/ $LRLCY: $232B 9/ $SIEGY: $231B 10/ $NVO: $223B