Qatar Got Struck, Gold Had Its Worst Week Since 1983, and the Dow Dropped Again

Four weeks in, and what was supposed to be a “temporary flare-up” is starting to carry real weight: oil higher, headlines sharper, and the S&P 500 quietly slipping through a level it had held since May.

Nothing broke outright, but a few assumptions did, and the “this resolves quickly” crowd is getting noticeably quieter.

Stay with us, today didn’t move in a straight line, and the details are where the story actually sits.

Bloomberg is calling Elon Musk's upcoming SpaceX IPO "the biggest listing of ALL TIME."

But here's the thing - most investors will be locked out until AFTER it goes public.

Not you.

I've found a 'backdoor' that lets everyday Americans grab a pre-IPO stake in SpaceX right now.

Click Here for the FREE "SpaceX" Ticker

Thursday's session opened ugly and closed even uglier, with Brent crude briefly touching $119 after Iran struck Qatar's Ras Laffan complex, home to the world's largest LNG facility, and European natural gas futures surged in response. The S&P 500 broke below its 200-day moving average for the first time since May, the Russell 2000 almost touched correction territory, and the Dow sits a few points away from joining it.

Gold had its worst week since February 1983 as rising inflation expectations killed the safe-haven bid entirely, and the one piece of genuinely good news — jobless claims coming in well below forecast — got completely ignored. The market has officially stopped pricing this as a short-term shock.

Uber Technologies (NYSE: UBER) just committed up to $1.25 billion to Rivian as part of a deal to deploy 10,000 fully autonomous R2 SUVs as robotaxis starting in 2028. San Francisco and Miami go first. An option for 40,000 additional vehicles kicks in by 2030.

If everything hits its milestones, thousands of driverless Rivian SUVs could be operating across 25 cities in the U.S., Canada, and Europe by the end of 2031. This is Uber making its biggest bet yet that the future of ride-hailing has no one behind the wheel.

The Driver Is Uber's Biggest Cost

Every Uber ride today splits revenue between the company and a human driver. Remove the driver, and the entire financial model transforms.

Margins expand dramatically, pricing becomes more competitive, and the service runs around the clock without breaks, fatigue, or surge pricing.

You think about what has kept Uber from being consistently profitable for years and the answer has always been the cost of the human in the front seat. This deal is designed to eventually eliminate that expense.

Uber Becomes the Marketplace

Hard to miss the strategy here. While competitors try to own the entire robotaxi stack, Uber is positioning itself as the marketplace that every autonomous vehicle needs to reach customers.

That approach worked for ride-hailing with human drivers. You can see exactly why Uber believes it will work again without them.

JPMorgan Chase (NYSE: JPM) has begun offering hedge fund clients new products designed to profit from a decline in the private credit market. The bank has assembled baskets of companies tied to private credit that clients can use to place bets against the sector.

Let that sink in. The same institution that helped private credit grow into a $1.8 trillion industry is now selling tools to wager on its decline.

What This Tells You About JPMorgan's View

Banks do not create new products without demand. Hedge funds want these tools because they believe parts of the private credit market are overvalued, overleveraged, or exposed to risks that have not yet been fully priced in.

JPMorgan building the product means it sees enough client appetite to justify the effort.

This follows JPMorgan's recent decision to mark down the value of certain loans it extends to private credit funds. Connect those two moves, and a consistent picture emerges. The biggest bank in America is getting cautious about a market it once championed.

A Market at a Turning Point

Notice what just happened here. JPMorgan went from lending to private credit to marking down those loans to offering clients tools to bet against the entire sector.

That progression deserves your full attention because it suggests that the people closest to this market are preparing for something the rest of the world has not yet fully priced in.

FedNow is here, and many Americans are asking an important question: what could this shift mean for financial privacy and long-term savings?

That’s why Reagan Gold Group created a free Wealth Protection Guide to help readers better understand their options for protecting retirement assets and preserving greater control over their savings.

Inside, you’ll learn how some investors are exploring ways to diversify with tangible assets—without unnecessary confusion or pressure.

Get your free Wealth Protection Guide here

The sooner you understand your options, the better positioned you may be to make informed decisions about your financial future.

P.S. The guide breaks everything down step by step in a simple, easy-to-follow format.

*Reagan Gold Group does not give financial or tax advice. Price of metals fluctuates and there are no guarantees of performance.

3M Company (NYSE: MMM) partnered with investment firm Bain Capital to create a new fire and safety company valued at $1.95 billion. The deal combines 3M's existing firefighter equipment business with Madison Fire & Rescue, a company that makes fire pumps and rescue tools used by first responders across the country.

Keeps majority ownership and walks away with $700 million in cash on top. This is 3M pulling apart its old structure and rebuilding the pieces into something bigger and more focused.

A Pattern Is Forming

Last year, 3M spun off its entire healthcare division into a separate company called Solventum. Now it is carving out its fire safety unit and partnering with an external partner to create a standalone business with greater scale and sharper focus.

Step back, and the strategy becomes obvious. 3M is breaking itself into specialized pieces that can each compete more effectively in their own markets than they ever could bundled into a sprawling conglomerate.

Fire and Safety Is a Growing Market

Wildfires are intensifying. First responder equipment needs are expanding. Industrial safety regulations keep getting stricter. The demand for fire suppression products, rescue tools, and portable breathing systems is not cyclical. It is structural.

Notice where the money flows, and you start to see a very different 3M taking shape. Leaner, more focused, and betting that doing fewer things better will outperform doing everything at once.

👉 Click here to get our closing report to your cell for free!

Tower Semiconductor [TSEM] $166.08 (+16.99%)

Tower Semiconductor manufactures specialty analog chips used in automotive, industrial, and medical applications. The stock surged after the company reported quarterly results that beat on both revenue and margins, while guiding for continued strength in its automotive and power management segments.

At an $18 billion market cap with a Buy rating, this was institutional money reacting to a genuine earnings beat, not a momentum chase, and the 2.42x relative volume confirmed the conviction behind the move.

Envela Corporation [ELA] $15.23 (+31.18%)

Envela is a recommerce and IT asset disposition company that reported a quarter where revenue more than doubled year over year, driven by surging demand for refurbished enterprise hardware as corporate IT buyers look for ways to cut costs in a tightening macro environment.

The Strong Buy rating, real P/E, and 16x relative volume on a $423 million stock all point to the same conclusion: this was a genuine fundamental re-rate, not a noise trade.

Signet Jewelers [SIG] $89.62 (+13.77%)

Signet beat quarterly earnings estimates and raised its full-year guidance despite a consumer environment that has everyone else in retail sounding cautious.

The company cited stronger-than-expected performance in its lab-grown diamond segment and digital sales channels, which together offset softness in its mall-based foot traffic. In a session where the broader market sold off hard, a $3.6 billion retailer posting a double-digit gain on 1.57x volume is its own kind of statement.

Canadian Solar [CSIQ] $13.53 (-26.92%)

Canadian Solar reported quarterly results that missed badly on both revenue and earnings, and the guidance it offered for the rest of 2026 suggested the solar panel market is dealing with a combination of oversupply, margin compression, and tariff uncertainty that has no clean near-term resolution.

The Sell rating from analysts had been warning about exactly this, and Thursday's session was the market finally agreeing with them.

Red Cat Holdings [RCAT] $15.14 (-10.97%)

Red Cat makes small military drones and has been one of the war trade's most reliable winners since the Iran conflict began, with the stock nearly doubling over the past month on the thesis that domestic drone demand would surge.

Thursday's pullback came as profit-takers decided the move had run far enough ahead of actual contract announcements — volume ran at nearly a normal pace, suggesting this was planned selling rather than panic.

Hycroft Mining [HYMC] $31.76 (-12.36%)

Hycroft holds a large gold and silver deposit in Nevada, and the stock got caught in the brutal precious metals selloff that sent gold down roughly 10% on the week — its worst stretch since 1983.

When the underlying commodity moves that fast in one direction, the miners that leveraged to it move faster, and Hycroft's $2.86 billion market cap wasn't enough to buffer it from the full force of Thursday's metals rout.

For decades, one type of investment was reserved for the ultra-wealthy.

Then Trump signed Executive Order 14330 - and opened it to everyone.

Now you can get into this boom for less than $20.

See what changed

That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!

Thanks for reading. I'll see you at the next open! 

Best Regards,
— Adam G.
Elite Trade Club

Click here to get our daily newsletter straight to your cell for free.

P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP.