Bonds were battered today as economic data, SCOTUS, and other news pushed prices lower and yields higher. While the bond market was anything but quiet, the reaction from interest rate-sensitive securities like REITs and financial and utility stocks was fairly muted.Sounds strange to say it, but I just did…If this all sounds like something is breaking, you might well be right, but don’t tell that to Tesla investors – they drove the stock more than 6% higher for the session, a huge move for a $657 billion stock. The bulls’ fingerprints were everywhere in the options market, too – TSLA, ROKU, and ARKK saw strong unusual option activity. There is some risk-taking out there and this makes a potential setup for a spread trade.The uncertainty peppering news feeds seemed to help gold – a little. The yellow stuff was up 0.26% for the day. Bitcoin and its ecosystem were boosted, too. BTC was up 1.02% at the end of the day, and there was bullish option activity in cryptosphere and digital asset names like MARA and WULF.Let’s talk about what this all means…Video Length: 00:23:00More By This Author:The Second Quarter Is Officially Over – Here’s What’s Next
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