🌅 Today's Morning Call
|
S&P Futures
7,711.25
▼ -2.00 (-0.03%)
|
Nasdaq Futures
29,835.75
▲ +83.50 (+0.28%)
|
Dow Futures
52,154.00
▼ -107.00 (-0.20%)
|
|
10Y Treasury
4.95%
▼ -0.06%
|
US Dollar
100.51
▲ +0.27 (+0.27%)
|
Bitcoin
$77,943
▲ +$1,594 (+2.09%)
|
Data as of 8:09 AM ET
Good morning! Happy Friday. Futures are sending mixed signals this morning, but the headline everyone is chewing on has nothing to do with the tape: Warren Buffett is officially stepping down as Berkshire chairman. Meanwhile, yields are easing and Bitcoin is having a moment above $77K. Here's your morning rundown.
👀 What to Watch Today
The big storyline is leadership, not data. Warren Buffett is transitioning to chairman emeritus of Berkshire Hathaway (BRK-A, BRK-B), with son Howard Buffett stepping into the role. Watch how both share classes trade at the open as investors digest a long-telegraphed but still emotional handoff.On the macro side, Treasury yields are cooling across the curve, with the 10-year down to 4.95% and the 30-year at 5.30%. Softer yields can give rate-sensitive names room to breathe, so keep an eye on tech and growth positioning.
The dollar is firming, with DXY at 100.51, while Bitcoin's 2% pop above $77,900 keeps crypto-adjacent equities in focus. It's a day for headlines over calendar events.
Your Phone Is Smarter Than Your Inbox
Not every market move can wait. Our text alerts deliver the ones that can't. One short alert, straight to your phone, when something is worth seeing now. No fluff. No noise. No charge.
Text Me the Alerts🌏 Overnight Recap
Overnight action was a study in contrasts. Equity futures wobbled without a clear direction, with Nasdaq futures ticking higher on the back of easing yields while broader index futures stayed closer to the flat line. The absence of a major overnight catalyst left traders parsing the Buffett succession news rather than reacting to fresh data.Across the Pacific, Asian markets closed on a firmer footing, buoyed by the same softening in rates that lifted U.S. growth futures. European bourses opened cautiously green as investors weighed the cooler yield backdrop against a stronger dollar.
The standout mover overnight was Bitcoin, which ripped roughly 2% to clear $77,900 and reclaim the spotlight for crypto bulls. With the 10-year retreating to 4.95% and the 30-year sliding to 5.30%, the tape is entering the U.S. session with a slightly more constructive tone for duration-sensitive assets.
Sponsored Content
I'm Shouting BUY Before September 30
He bet $17 million on AI, hired a former NSA codebreaker, and built his system inside Google. Now his signals are pointing at one move he says could 10x your money today, September 30th.
It is not Nvidia. It is not big tech. The better place for your money right now is something most investors are completely missing.
📊 Pre-Market Movers
All eyes are on Berkshire Hathaway (BRK-A, BRK-B) pre-market as the Warren Buffett succession headline dominates the ticker. Expect elevated volume in both share classes at the open as long-term holders digest the handoff to Howard Buffett. The move has been telegraphed for years, but symbolic transitions like this one often spark outsized early swings.Crypto-adjacent equities are catching a bid alongside Bitcoin's push above $77,900. Names like Coinbase (COIN), MicroStrategy (MSTR), and the miners are the ones to watch for follow-through if the token holds its gains into the cash session.
Rate-sensitive growth and tech names are quietly firming as yields cool, giving beaten-down momentum plays a chance to stabilize. With no marquee economic release on the docket, single-stock stories and the yield drift will drive most of the early tape.
🔍 Today's Watchlist
- Berkshire Hathaway (BRK-A, BRK-B): The stock of the day as Warren Buffett transitions to chairman emeritus and Howard Buffett takes the reins. Watch both share classes for volume spikes and any sentiment shift around the leadership handoff.
- Coinbase (COIN): A prime beneficiary of Bitcoin's 2% surge past $77,900. If the token holds its gains into the open, COIN is the cleanest large-cap proxy for continued crypto momentum.
- MicroStrategy (MSTR): Highly leveraged to Bitcoin's price action, MSTR often amplifies moves in the underlying token. A key name to gauge just how much conviction is behind this crypto pop.
- 10-Year Treasury proxy (TLT): With the 10-year yield cooling to 4.95% and the 30-year at 5.30%, long-duration bond funds like TLT are worth watching as a real-time read on the rate backdrop driving equities.
- Invesco QQQ Trust (QQQ): Nasdaq futures are climbing on the softer yield picture. QQQ is the barometer for whether rate-sensitive tech can convert the overnight tailwind into a sustained morning bid.
Sponsored Content
DOJ Admits It In Court—Your Cash Can Be Seized Without Warning
The Department of Justice just argued in court that cash isn't legally your property. That means your savings, your retirement, your financial future, all sitting inside a system that now claims the right to freeze or drain it at will.
Greece raided pensions. Cyprus drained accounts. Poland seized retirement funds. Each time, people swore it couldn't happen here. Smart Americans aren't waiting to find out.
🎯 The Morning Playbook
Today is about reading sentiment rather than reacting to a data dump. The playbook starts with Berkshire: watch whether the succession news drives a knee-jerk dip that gets bought or a shrug that confirms the market already priced this in. Either reaction tells you something about how holders view the post-Buffett era.Second, respect the yield tailwind. With the 10-year at 4.95% and the 30-year at 5.30%, growth and tech have room to breathe. If yields keep drifting lower through the morning, lean into the rate-sensitive corners of the market, but stay nimble if the dollar's strength at 100.51 on DXY starts to bite.
Finally, keep crypto on a short leash. Bitcoin above $77,900 is constructive, but momentum names can reverse fast. Let the first hour of trade establish direction before chasing. On a headline-driven, light-calendar Friday, discipline beats aggression.
📰 Further Reading
SEPT 25th — Become 1 of 1,806,000 New "Musk Millionaires" (Ad)
Elon Musk is quietly working on something he's actively trying to hide from the mainstream. Bigger than Tesla. Bigger than SpaceX. And James Altucher says the window to get positioned closes September 25th. A small group of hedge fund titans already know what's coming. After today, you could too. Th...
Get positioned before September 25th
Where to Put $100 Before Trump's New Tech Law Rolls Out (Ad)
Everyone is talking about Trump's new tech law. Financial Times says this tech puts America "on the verge of a financial revolution." Yahoo Finance says it could unlock $400 trillion. Jeff Brown was consulted by Congressional offices in Washington, D.C. to advise on it. He says the real number is ev...
Click here and Jeff will show you how to claim your stake starting with just $100.
Elon Now Pays 15X More Than Your Bank (Ad)
Elon Musk is now paying you 15X more than your bank… Thanks to a project he's been working on for the last 27 years. All you have to do is sign up for his new bank. For years, America's biggest banks have been telling you they have no choice but to pay you interest rates as low as 0.4% (that's the n...
Luke Lango is revealing how it could impact your money (and how you should prepare) here.