Weekly Market Recap | July 07 – July 13

Analyst Highlights

• Nvidia’s market cap crossed $4 trillion, underscoring the dominance of GPU infrastructure in AI and positioning it as the new “picks and shovels” play for next-gen computing.
• Emerging-market bonds attracted $34B in Q2, led by Thailand and Indonesia — a strong rotation signal as investors flee developed-market fiscal risk and seek yield with currency stability.
• Ethereum Foundation sold 10,000 ETH for $25.7M, reallocating treasury to R&D and grants — a rare strategic move that may front-run upcoming ETH volatility or upgrade costs.
• Copper futures jumped 13% post-Trump’s 50% tariff threat, spotlighting U.S. miners and reshuffling commodity hedges across inflation-sensitive portfolios.
• Private equity dodged key tax reforms in Trump’s bill, preserving carried interest and interest deductibility — a crucial alpha-preserving win that keeps PE strategies more liquid and tax-efficient.

IPO’s in the week

• MaxsMaking Inc. (MAMK, Nasdaq Capital) – A Shanghai-based custom goods manufacturer went public on July 7, raising $6.5 million through the sale of 1.625 million shares at $4.00. The company specializes in tech-driven, small-batch production for SMEs and e-commerce clients across the textile and consumer goods sector.
• Masonglory Ltd (MSGY, Nasdaq Capital) – A Hong Kong-based construction subcontractor focused on plastering, tiling, and marble work went public on July 8, raising $6 million through the sale of 1.5 million shares at $4.00. The company serves major property developers in Hong Kong and holds specialist contractor registration under the city’s construction industry council.
• Rich Sparkle Holdings Ltd (ANPA, Nasdaq Capital) – A Hong Kong-based financial printing and corporate services provider went public on July 8, raising $5 million through the sale of 1.25 million shares at $4.00. The company serves over 190 listed firms on the HK Stock Exchange with design, translation, ESG reporting, and regulatory disclosure solutions.
• Ten-League International Holdings Ltd (TLIH, Nasdaq Capital) – A Singapore-based provider of heavy equipment, rentals, and engineering services for the port and construction sectors went public on July 8, raising $8.96 million through the sale of 2.24 million shares at $4.00. The company also offers electrified equipment and turnkey solutions across Southeast Asia.
• Delixy Holdings Ltd (DLXY, Nasdaq Capital) – A Singapore-based oil trading firm specializing in crude and refined oil products went public on July 9, raising $8 million through the sale of 2 million shares at $4.00. The company operates across Southeast Asia, East Asia, and the Middle East, with growing trading volumes and revenue diversification across fuel oils and petrochemicals.
• Globa Terra Acquisition Corp (GTERU, Nasdaq Global) – A Cayman Islands–incorporated SPAC targeting agribusiness and water sectors across the Americas went public on July 9, raising $152.17 million through the sale of 15.217 million units at $10.00. The SPAC is led by executives behind prior SPACs including Digital World and Bite Acquisition.
• Bluemount Holdings Ltd (BMHL, Nasdaq Capital) – A Hong Kong-based provider of consulting, financial services, and luxury timepiece trading went public on July 11, raising $5.5 million through the sale of 1.375 million shares at $4.00. The company’s core business spans corporate advisory, asset management, and commodities trading, with a focus on high-end watch resales and strategic communications.

Markets Weekly

1. S&P 500 closed at 6,259.75, up 0.71 points and 0.01% for the week.
2. Russell 1000 (IWB) closed at 342.67, up 0.02 points and 0.01% for the week.
3. Russell 2000 closed at 2,234.83, down 28.58 points and 1.26% for the week.
4. Russell 3000 closed at 3,559.35, down 15.07 points and 0.42% for the week.
5. CBOE (VIX) closed at 16.40, up 0.62 points and 3.93% for the week.
6. Dow Jones closed at 44,371.51, down 279.09 points and 0.63% for the week.
7. Nasdaq Composite closed at 20,585.53, down 45.17 points and 0.22% for the week.
8. Bitcoin (BTC/USD) closed at $117,435.23, up $9,135.38 and 8.43% for the week.
9. Ethereum (ETH/USD) closed at $2,942.91, rising $399.90 and 15.7% for the week.
10. Solana (SOL/USD) closed at $160.68, up $11.81 and 7.9% for the week.
11. XRP (USD) closed at $2.7376, up $0.4635 and 20.4% for the week.
12. Gold closed at $3,356.00, up $23.80 and 0.71% for the week.
13. Silver closed at $38.676, gaining $2.061 or 5.63% for the week.
14. WTI settled at $68.45, falling $-0.88 or -1.27% for the week.
15. Brent closed at $70.36, down $-0.83 or -1.17% for the week.

• Stocks held near highs as investors shrugged off Trump’s tariff threats, betting on delays or trade deals by Aug. 1.
• Earnings season begins with JPMorgan, BlackRock & more. Investors await clarity on tariff risks, profit pressure, and whether Big Tech can justify lofty valuations.
• S&P 500, Nasdaq hit record highs before easing; markets shrug off tariff threats.
• Here’s a tighter version that fits your 2-line format:
• Private equity dodged major tax hikes in Trump’s bill, keeping carried interest and interest deductibility intact.
• Copper futures surged 13% after Trump’s 50% tariff threat, hitting record highs and boosting U.S. miners like Freeport.
• Private equity firms turn to continuation funds as exits slow. New Mountain’s $3B Real Chemistry deal leads the trend.
• Memecoin platform Pump.fun raised $600M in 12 minutes via ICO on Solana, highlighting surging retail demand. Total sale reached $1.32B.
• Trump’s “Crypto Blue Chip” ETF includes Cronos, sparking a 24% rally. Ties to Crypto.com raise questions over token selection.
• Binance coded and promoted Trump’s stablecoin USD1 while CZ seeks a U.S. pardon; $2B+ remains in Binance wallets, raising conflict-of-interest concerns.
• Crypto treasury firms are using SPACs and reverse mergers to mimic Strategy’s NAV-premium model. But dilution and token price drops pose growing risks.
• Ethereum Foundation sold 10,000 ETH to SharpLink for $25.7M. Proceeds will fund R&D, grants, and ecosystem growth.
• Earnings season begins with S&P 500 profits seen rising just 2.5%—the weakest since mid-2023. Margin pressure and divergence outside Big Tech remain key concerns.
• Deutsche Bank warns markets are underpricing risk of Powell’s ouster by Trump, which could hit dollar and Treasuries.
• Understood — here’s a 2-line continuous version for your doc format:
• Emerging-market bonds attract record inflows as investors flee developed-market deficits, with Asia drawing $34B in Q2 led by Thailand and Indonesia.
• Bond traders grow skeptical of a September Fed cut amid strong jobs data and tariff-driven inflation fears. All eyes on Tuesday’s CPI to reset rate expectations.
• China’s “anti-involution” push to curb destructive price wars lifts A-shares and industrial stocks. Investors eye potential reforms as sentiment improves in autos, steel, and EVs.

Politics Weekly

• Economists cut recession odds to 33% as job growth rises and inflation eases, defying tariff fears. Trump’s trade moves remain a risk, but GDP is now seen growing 1% in Q4.
• Trump toured flood-hit Texas, praising FEMA reforms as 100+ died and 200 remain missing. While consoling victims, he touted state-led recovery and budget cuts.
• Trump’s 30% tariffs on EU and Mexico begin Aug. 1, raising fears of a global trade shock. Markets may retest risk appetite as strategists warn of underestimated fallout.
• Trump may remove Fed Chair Powell, risking a 3–4% USD drop and bond selloff, per Deutsche Bank. Markets may price in politicization of Fed policy and swap lines.
• Trump Media’s new crypto ETF sparked a 24% Cronos rally, reviving the “Trump bump.” Hut 8 and Trump-linked stocks jumped as markets bet on favorable crypto rules.
• Trump’s new law expands capital gains breaks through Opportunity Zones and startup exemptions. Top rate stays at 23.8%, but investors gain new deferral options.
• Trump to resume arms shipments to Ukraine after failed Putin talks and intensified Russian attacks. Patriot missiles and other aid will help bolster Kyiv’s defenses.
• Pentagon official Elbridge Colby pushed to pause Ukraine arms, urging a pivot to China amid low stockpiles. His stance highlights GOP divisions on U.S. military priorities.
• Trump warned multiple nations of steep tariffs starting Aug. 1, saying talks have stalled. He threatened 30–50% levies and signaled a shift to unilateral trade actions.
• The EU extended its pause on counter-tariffs to allow more talks before Trump’s 30% deadline. Leaders say new levies would hit key exports like cars and agriculture hard.
• Russia struck western Ukraine near Romania, killing two and hitting civilian sites. Zelensky urged urgent sanctions and more air defenses as attacks intensify.
• Australia’s PM visited Shanghai, urging stronger trade and green ties with China. He said engaging Beijing is vital for regional stability and growth.
• Trump’s FTC chief Andrew Ferguson is targeting Big Tech and pushing GOP priorities, including probes into DEI hiring and gender care — drawing praise and backlash.
• Iran is weighing a U.S. offer to restart nuclear talks but demands security guarantees. Tehran says diplomacy remains open but won’t rush into new talks.

Technology Advancements in the week

• SpaceX to invest $2B in xAI to boost Grok and integration with Starlink. The AI startup raised $5B to compete with OpenAI.
• Google will pay $2.4B to license Windsurf’s coding tech and hire its CEO, after OpenAI’s $3B bid failed amid IP concerns with Microsoft.
• Nvidia became the first $4 trillion company as AI chip demand surged. Its GPUs now power AI, gaming, and data centers globally.
• Vie Ventures launched to fund autoimmune biotech startups, targeting a $75M raise. It aims to connect companies with nonprofits to accelerate drug development.
• Meta acquired voice AI startup PlayAI to bolster its voice tech capabilities. The PlayAI team will join Meta Superintelligence Labs under new AI leadership.

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