July 7, 2026 · AM edition

Trump Goes Crypto, BlackRock Hedges, and Baseball Is Back From the IL

When the president becomes a crypto influencer, the gas mask isn't optional anymore.

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Full recap

Good morning. The president of the United States has declared himself 'a big crypto guy,' which is either the most bullish signal in Bitcoin history or the clearest sign yet that the top is in. Bitcoin was drifting toward $60K after Strategy dumped more holdings, then Trump opened his mouth, and suddenly we're back to hopium territory. Classic. Micron, Fiserv, and Crinetics Pharmaceuticals are all moving in premarket. No single unifying theme there, just the market doing its daily impression of a slot machine that occasionally pays out if you know which lever to pull and also have a Bloomberg terminal and 14 analysts on speed dial. BlackRock dropped a note saying the China AI trade is stock-specific, not a regional bet. Translation: don't just buy a China ETF and call yourself a visionary. Pick the right companies. This is BlackRock reminding you that nuance exists, while simultaneously managing $10 trillion in assets via strategies that are mostly not nuanced. Bold stuff. Wells Fargo says Trump Accounts could push nearly $20 billion into equities. Government-seeded investment accounts flowing into stocks sounds like the kind of thing that gets called 'innovative financial inclusion' on the way up and 'policy-driven market distortion' on the way down. Either way, someone will write a book about it. On the diamond, fantasy baseball managers are in IL stash mode with Ryan Jeffers and Munetaka Murakami both nearing returns. Nothing captures the human condition quite like rostering an injured player for six weeks and refreshing injury reports at 11pm like you're waiting on Fed minutes. Vinnie Pasquantino is back but raising more questions than answers, which is honestly a phrase that applies equally to his fantasy value and to most earnings calls this quarter. Cole Carrigg is hot, Cam Schlittler is dealing, and the waiver wire is popping. The algorithms are already on it. The Scottish Open is this week and some golf model has simulated it 10,000 times. Meanwhile the Brewers and Cardinals are locking horns Tuesday with a model sitting at a 29-16 clip on top-rated picks. If only we could get that model to run the Fed, we might actually get a soft landing. Bottom line for Tuesday: Bitcoin is riding presidential word-of-mouth, equities are getting a government drip feed, and your fantasy team might finally be whole again. Stay skeptical, stay positioned, and maybe don't let Trump's endorsement of anything be your buy signal.

Highlights

  • Trump calls himself 'a big crypto guy' and Bitcoin bounces - the most expensive sentence in recent memory, and also probably a press release in disguise.
  • BlackRock says China AI is stock-specific, not regional - which is finance-speak for 'we did the homework so you don't have to, and also please give us your money.'
  • Wells Fargo projects $20 billion flowing into stocks from Trump Accounts - nothing says 'free market' like government-seeded investment vehicles pumping equities.
  • Fantasy baseball IL stashes are returning this week - Jeffers and Murakami are ramping up, meaning your patience may finally be rewarded, or they get hurt again in week two.
  • A golf simulation model ran the Scottish Open 10,000 times and has 'surprising predictions' - at this point the model has watched more golf than most golf fans.

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