Profit Alerts: Your Wake-Up Call: Oil Surplus, Tesla Tease, Musk’s New Party & US-EU Trade War

Good Tuesday morning (June 18, 2024), here’s your no-BS briefing on what actually moved markets yesterday and what you need to watch today. Skip the fluff, let’s get to it.

Market Commentary: Oil Surplus & Tesla's Q2 Tease

Here's what they're not telling you: that OPEC’s latest maneuver—detailed in Bloomberg’s “OPEC’s New Supply Shock Locks In Oil Market’s Return to Surplus”—is the real reason crude fell nearly 2%. The cartel just unlocked enough extra barrels to shove the market back into surplus, crushing the price rally. Don’t buy the hype about “energy security” saving oil stocks; airlines and refiners are the real winners here.

The real story is Tesla, and TipRanks’ “Why Tesla Stock Could Surprise in Q2 Earnings” report nails it: rumors of a delivery beat sent TSLA up 1.8% pre-market, but margins are under siege from those global price cuts. Don’t let Elon’s robotaxi cheerleading fool you—if he doesn’t deliver jaw-dropping cost cuts, this hype train could derail fast. Meanwhile, Bitcoin’s “quietest breakout yet” (AMBCrypto) is begging for FOMO, but stay skeptical until institutional buyers show up with real money.

Don’t sleep on the political side, either. Musk’s new “common-sense capitalism” party could be more headline juice than policy game-changer, as our Financial News story on anti-Trump violence reminds us that politics is messy and unpredictable. Here’s my bold take: if the U.S.-EU tariff rollback deal actually goes through, cyclical stocks and machinery names get a relief rally. Position yourself now before the crowd catches on—because when the herd moves, it’s too late to jump on board.