ADDX GO Market Morning Wrap - 21st June

Stock Market  

Caught in a web of uncertainties, the U.S. stock market ended Friday with another hightolow swing. As expected, the second “triple witching day” of the year, with massive options expirations, didn’t stir up much chaos.  

 

By Friday’s close, the S&P 500 dipped 0.22% to 5,967.84, marking its third straight day of teasing 6,000 before pulling back. The Nasdaq Composite fell 0.51% to 19,447.41, while the Dow Jones Industrial Average eked out a 0.08% gain to 42,206.82. For the week, the S&P 500 was down 0.15%, the Nasdaq up 0.21%, and the Dow up 0.02%.  

 

Big tech stocks mostly stumbled, with Google dropping nearly 4%, Meta, Intel, Amazon, and Nvidia falling over 1%, and Microsoft slightly down. Apple jumped over 2%, while Netflix and Tesla saw small gains. Biotech firm Capricor Therapeutics (CAPR) crashed over 30%. Kroger (KR) soared nearly 10%, its best singleday performance in 15 months.  $CAPR $KR 

 

While the broader market hesitated, newly public Circle continued its hot streak, surging 20% to $240 (from an IPO price of $31), a 6.7x gain since its June 5 debut. Its market cap hit $53.4 billion, roughly 383.8 billion RMB.  $CRCL 

 

The early “pop” at the open came from Fed Governor Christopher Waller’s comments hinting at a possible July rate cut, but the optimism fizzled out quickly. Known for his dovish stance, Waller’s seen as a potential candidate to replace Fed Chair Powell next year.  

 

Looking ahead, Fed Chair Jerome Powell’s twoday Congressional testimony next week is the big event. No surprises expected—just hours of “no rush to cut rates, waiting for data.”  

Global Hotspots  

• Trump: Tough to Ask Israel to Stop Airstrikes, Might Back Ceasefire. On June 20, President Trump said it’s hard to demand Israel halt its airstrikes but signaled he might support a ceasefire, depending on the situation. When asked if he’d push Israel to stop attacks like Iran has, he said, “That’s a tough ask right now.” On a ceasefire, he added, “I might, depends.”  
• Putin: Russia’s GDP Growth Over 4% for Two Years, Inflation Down to Single Digits. On June 20, Russian President Vladimir Putin spoke at the 28th St. Petersburg International Economic Forum, discussing Russia’s economic growth, international cooperation, and challenges in a multipolar world.  
• Trump Slams Fed Chair Powell: Decisive 12% Rate Cut Could Save U.S. $1 Trillion a Year! In a social media post, Trump blasted Powell for acting too slowly, blaming Bidenera policies for high costs. He said the best thing Powell could do is slash rates by 12 points, claiming this “blockhead” could save the U.S. $1 trillion annually.  

Company News  

• Nvidia Plans Humanoid Robots for AI Server Production Line. According to media reports, two sources say Nvidia is in talks with Foxconn to deploy humanoid robots at a new Houston, Texas, factory for producing Nvidia’s AI servers. $NVDA  
• Tesla Shares More Robotaxi Test Details. The muchhyped Tesla Robotaxi is set to hit the streets of Austin this Sunday for a trial run. Invitations sent to select Teslasupporting influencers and investors reveal that a “safety monitor” will ride along in the front seat, contradicting Elon Musk’s earlier claims this year.  $TSLA 
• Meta Launches New AI Smart Glasses. On Friday, June 20, tech giant Meta announced a new Oakley Meta glasses line in partnership with European eyewear maker EssilorLuxottica. Aimed at athletes and sports enthusiasts, the glasses start at $399 and will hit the market this summer.  $META 

Forex & Commodities  

International oil prices fell Friday, with Brent crude futures dropping over 1.3%.

 

Uncertainty around President Trump’s decision on whether to assist Israel in targeting OPEC member Iran’s nuclear facilities weighed on prices.  

 

NYMEX WTI crude for July delivery fell $0.21, or 0.28%, to $74.93 per barrel, up 2.67% for the week.  

 

ICE Brent crude for August delivery dropped $1.84, or 1.33%, to $77.01 per barrel.  

 

COMEX gold futures fell 0.70% to $3,384.10 per ounce. COMEX silver futures dropped 2.55% to $35.97 per ounce.  

 

The U.S. dollar index, tracking the dollar against six major currencies, fell 0.16% to 98.707 at the close of forex trading.  

Key Events  

• LME Rolls Out Forced Position Reduction Rule. After recent scares involving energy traders holding massive nearmonth positions, the London Metal Exchange (LME) announced a new rule Friday after close: traders holding nearmonth contracts exceeding total available inventory will face mandatory position cuts, effective immediately.  
• Dollar’s SafeHaven Status Questioned, Euro Gains in Forex Options. Amid escalating global trade wars and unpredictable U.S. policies, forex traders are increasingly ditching the dollar for the euro in options markets, boosting the euro’s role in global forex options trading.  

Cryptocurrency  

Major digital assets slid Friday, with Bitcoin (BTCUSD) holding just above $103,000.  

 

Bitcoin dropped 0.9% to $103,317, with 24hour trading volume up 30% to $49.64 billion.  

 

Ethereum (ETHUSD), the secondlargest crypto by market cap, fell 3.6% to $2,415.  

 

XRP (XRPUSD) lost 2%, BNB (BNBUSD) dipped 0.1%, Solana (SOLUSD) fell 4.4%, Dogecoin (DOGEUSD) slumped 4.3%, and Cardano (ADAUSD) dropped 3.7%.  

 

The total crypto market cap fell 1.4% in the past 24 hours to $3.19 trillion, with trading volume up 28% to $111.8 billion.  

Key Events  

• Global Listed Companies Hold 3% of Bitcoin, Worth $87 Billion! A wave of Bitcoin buying is sweeping global companies, with 130 listed firms holding $87 billion in Bitcoin—3.2% of the global supply. Following the lead of $MicroStrategy (MSTR.US)$ founder Michael Saylor, these firms are using Bitcoin as a corporate reserve asset, driving their stock prices higher.