The market keeps posting new highs. The dollar keeps posting new (YTD) lows. That one guy from your hometown keeps posting cryptic statuses about making moves in silence. Can analysts explain any of it?

You’ve heard about the S&P 500 $SPX ( ▲ 0.47% ) closing at a new all time high this week—but what about the gold news in Texas, the equity-dollar disconnect, and a brand new opportunity in the luxury housing market?

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Tons of investing and finance newsletters hit my (and maybe your) inbox every week. This is the best of the best.

Today’s Updates:

  • 🐂 Investors Hold Strong as Dollar Slides

  • 🥇 Hard Assets Become Legal Tender in Texas

  • Stock Trivia Corner

  • 📈 Quarter Closes with Surprising Market Climb

  • ⚡️ Political Pressure Sends Tesla Sliding

🐂 Investors Stay Bullish During Dollar Drop

Two-thirds of American investors are still bullish heading into July, even as the US dollar posts its worst first-half performance since 1973—which sounds more like a sports statistic than a currency record.

The dollar’s 10% slide has prompted pension funds and central banks to trim their US holdings, but the S&P 500 and Nasdaq 100 $NDX ( ▲ 0.92% ) do nottt care. For investors, this disconnect between currency weakness and equity strength signals that US markets may still offer unique opportunities, at least for now—but things could get weird if the dollar gets weaker and weaker and stock prices get overly inflated by the monopoly money.

🥇 Texas Declares Gold and Silver Legal Tender

Soon, you’ll be able to buy your cowboy boots, cowboy hats, and cowboy bbq sauce with gold—Texas has become the first state to officially recognize physical gold and silver as legal tender, following Governor Greg Abbott’s signing of House Bill 1056.

The law allows precious metals to be used for payments, with their value set by the Texas Comptroller and storage managed by the Texas Bullion Depository. If this catches on, it could be big for alternative assets in other states as well. We just wish we could buy steak at our local Texas Roadhouse in bullion, but alas.

AltIndex Trivia Corner

Can you guess these stocks based on their signals from AltIndex? Answers below.

  1. A tech giant with an 554% increase in Twitter mentions over the past three months—but with a low AI Score of 34/100.

  2. This company has 40% less open job postings online right now.

  3. A streaming company with more mobile app downloads than Uber but less than Pinterest—and it has a positive AI Score of 61/100.

  4. This financial exchange has seen a 1,500% increase in Twitter mentions in the past three months.

📈 Markets End Turbulent Quarter at New Highs

The bulls chased the bears away as the S&P 500 and Nasdaq capped off a dramatic quarter by closing at all-time highs. This marks a 20% comeback for the S&P 500 since April’s massive dip.

Investors have shifted their focus to potential rate cuts, tax incentives, deregulation, and watching the new Musk-Trump drama (below). While large-caps lead the way, small-caps and some tech giants have yet to reclaim previous highs. The 90-day tariff pause is set to expire in early July, and there’s no news of finished trade deals yet, so... might be a bumpy start to the month from here.

⚡️ Tesla Sinks on President Trump’s Threats

$TSLA ( ▼ 0.13% ) shares fell nearly 5% after President Trump escalated tensions with Elon Musk over his “Big, Beautiful Bill,” vowing to cut federal subsidies across Musk’s businesses. Trump made a sideways threat of deportation toward Musk, and then a less sideways threat to cut all of his government subsidies. Elon essentially said “bring it on” in response.

With the Senate’s passage of the bill, Tesla faces a potential $1.2 billion annual profit hit from the ending of EV tax credits, and SpaceX’s $21 billion in federal contracts could also be at risk. But what’s not at risk is our twitter timelines—they’ll probably stay interesting for a gooood while longer because of this.

👇 AltIndex Trivia Answers

How’d you do?

  1. Microsoft

  2. Snapchat

  3. Netflix

  4. Robinhood

You can explore all of this data and more in our datasets on AltIndex:

📚️ Recommended Reading

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📈 Investing
💰️ Wealth building
🎥 Entertainment
👨‍💻 Coding
And more

Check them out here.

With how quickly the market and investment climate are changing right now, we can’t afford to not stay up to date. You can always read the latest and most relevant finance news & updates at FinanceWrapped.com.

Disclosures

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  • Nothing above is financial advice