Markets extended their stunning 2025 rebound, with the S&P 500 logging one of the fastest recoveries from a bear market on record. Anthony and Piers unpack Goldman’s bullish upgrade spree and how Nvidia’s $4 trillion surge is fueling the rally.
They dissect Trump’s copper tariff shock, the market’s technical whiplash, and what it reveals about U.S. supply chain fragility. Plus, the “Big Beautiful Bill” signed on July 4th quietly eliminated a top 2025 risk while cutting taxes and scrapping green subsidies.
Also on the docket: Apple’s AI lag, UK gilt drama, and why big money like BlackRock is buying the dip. From CDS mechanics to market psychology, the episode maps the key drivers behind the summer surge.
(00:00) Intro & Key Themes in Focus
(02:21) Market Outlook and Stock Predictions
(08:51) The Rise of Nvidia and Big Tech
(13:53) Trump's Tariffs and Copper Market Dynamics
(22:56) The Big Beautiful Bill and Debt Ceiling Updates
(26:07) Understanding Credit Default Swaps (CDS)
(31:52) UK Gilt Yields and Market Reactions
