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1. Good news for the economy is bad news for the market?

The U.S. added a decent 147,000 jobs in June that pointed to resilience in the labor market. However, the rise in employment last month makes it less likely the Federal Reserve will move up its timetable on lowering interest rates. A weaker report would have renewed Wall Street speculation of a July rate cut.

That July rate cut is now off the table.

2. Renewable energy shares jumped as Trump’s tax bill turned out better than expected.

3. Value (red) investing has underperformed growth (blue) in the furious rally since the april bottom.

“We don’t think we’re going into an economic recession so with that value stocks should perform better,” Steven DeSanctis, equity strategist at Jefferies said. “And as we still expect three rate cuts in the back half of 2025, lower interest rates will also be very helpful for value.”

The bargain-hunting ideology espoused by Warren Buffett lost its shine in the era of high-growth, high-risk big tech and artificial intelligence, but the approach shows signs of picking up. Over the past week, value has outperformed each of the 12 style factors tracked by Bloomberg.

4. Tesla is trading at roughly 132 times the company's expected earnings.

Sales fell 13.5% year over year, and estimates for the second quarter started out at closer to half a million car sales at the start of 2025. However, the decline in deliveries was "meaningfully better than feared" wrote Deutsche Bank analyst Edison Yu in a Wednesday report. "Looking at 2025, volume growth will still be a challenge considering the EV policy headwinds and delay in the Model Q."

"Robotaxi and Optimus [robots] are exciting, but we need EVs to return to growth," wrote Canaccord analyst George Gianarikas in a Wednesday report.

Meanwhile, the company's legion of individual investors/believers are staying put.

5. How is sentiment?

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