Trade Setup

The S&P 500 has reversed its morning volatility and is trading higher at 7,833.80, shaking off early losses to push toward a new intraday record high. 

A sharp retreat in international oil prices (Brent crude slipping back below $100) and an easing of U.S. Treasury yields have combined to create a highly favorable backdrop for risk assets today.

Macro Backdrop & Market Catalysts

The market is currently digesting a unique mix of expanding economic friction and strong tech-driven momentum:

• The Trade & Supply Strain: While yesterday's data showed the U.S. international trade deficit widening to a 17-month high of $105.6 billion and supply chain pressures ticking up to 1.28 standard deviations above normal, equity markets are largely looking past the drag due to localized corporate strength.
• Oil & Bond Yield Relief: Brent crude oil's decline to roughly $97–$99 a barrel has removed massive inflationary weight. Concurrently, 10-year and 30-year Treasury yields have moderated slightly after flirting with multi-decade highs, opening the door for buyers to return to mega-cap equities.

Bitcoin has ticked up to $86,606.31, providing a strong tailwind for Strive, Inc. (ASST) as equity markets push to record highs. Shares of the corporate Bitcoin treasury pioneer are gaining ground today, trading up 0.73% at $30.48. 

The crypto ecosystem remains a key pocket of momentum within today's broader macro setup.

The Bitcoin Treasury Setup

As the S&P 500 attempts a breakout above 7,835, capital is actively rotating into digital asset stocks to capitalize on Bitcoin holding firmly above the $86,000 threshold: 

• Treasury Momentum: Strive's stock is reflecting strong buying appetite following yesterday's confirmation that the firm completed its largest Bitcoin buy in four months—scooping up 2,000 BTC for $169 million. 
• Institutional Scale: The acquisition pushes Strive’s total stack to 29,462 BTC (valued at over $2.5 billion), solidifying its position as the world's fifth-largest public corporate holder of Bitcoin as it aggressively bridges the gap with competitors like MARA Holdings. 

Intra-Session Risk Management

• ASST Technical Levels: Watch intraday resistance for ASST around $30.55. A sustained volume push past this point opens up a clear runway to retest recent multi-month highs, while immediate support sits lower at $29.69. 
• SATA Funding Impact: Traders are keeping a close eye on Strive's unique capital structure, which relied on its high-yield SATA preferred stock to fund 61.5% of this latest massive Bitcoin purchase. 

ChatVIP

• Stocks are hitting new all-time highs today and Bitcoin treasury companies are exploding.
• If you don't have a clear game plan for this price action, you are burning cash. 🛑