Good morning!

President Trump’s latest tax bill, dubbed the "One Big Beautiful Bill," is a sweeping package that extends his 2017 tax cuts while introducing new provisions. It aims to permanently lower individual tax rates, raise the standard deduction, and increase tax breaks for businesses.

But what does this bill mean for you? Join me this Thursday, June 26, at 10 a.m. PDT for a timely webinar, What That Big New Tax Bill Means for You: Tax Cuts and Growth Opportunities of the New Legislation. I'll cut through the complexities and get right to the heart of what it means for you and your family.



Can't make it? Register anyway to receive a link to the webinar after it concludes so you can watch it at your leisure. Also, feel free to share the invite with anyone you know who wants to know more about the new legislation.

Thursday, June 26 @ 10 a.m. PDT

RSVP now to join live or

watch it later at your convenience!

Over the weekend the U.S. conducted military strikes at Iran's nuclear facilities in Fordow, Natanz and Isfahan, marking a significant escalation in the ongoing conflict between Iran and Israel. And on Monday, Iran, in turn, launched missiles at U.S. bases in Qatar and Iraq. Then came a U.S.-brokered ceasefire between Iran and Isreal, followed by apparent violations. And yet, the markets keep reacting with a shrug. Here's what's happening ...

• The U.S. bull market remains strong, despite recent geopolitical tensions stemming from a U.S. strike on Iran over the weekend. Investors appear relatively calm at the start of the week, with markets rising, gold pulling back, and oil prices softening, suggesting confidence that the conflict won’t escalate significantly. The Dow Jones Industrial Average was up 155 points, or 0.4%, in Monday morning trading. The S&P 500 gained 0.5%. The Nasdaq Composite rose 0.5%. A key signal comes from Tel Aviv, where Israeli stocks hit record highs, which some interpret as optimism about regional stability following developments like Iran being “de-nuked.” *

• Fed officials might be warming up to a summer rate cut. Federal Reserve Vice Chair for Supervision Michelle Bowman said she’d back a July rate drop if inflation keeps cooling or the job market shows more signs of softening. That echoes recent comments from Fed Governor Christopher Waller, signaling growing support for a pivot from the Fed’s “wait-and-see” approach. Markets had mostly expected a hold until at least September, but with inflation data looking friendly and economic pressures building (think tariffs and Middle East tensions), the Fed could surprise sooner than expected. While there’s still some internal division at the Fed and Chairman Jerome Powell is playing it cautious, July’s meeting just got a lot more interesting. **

• Tesla just rolled out its first robotaxis in Austin, and the market response? A 10% stock surge. Riders in a small test zone can now book self-driving trips for just $4.20. While the fleet is still tiny—around 10 cars—it's a major milestone for Tesla's autonomous ambitions. Elon Musk has been teasing robotaxis for years, and this launch signals a shift: less focus on traditional EVs, more on autonomy and robotics. Early riders (including analysts and influencers) raved about the smooth, safe experience—even on tricky streets. But it’s not all open roads ahead. Tesla faces regulatory hurdles, including a new Texas law kicking in this fall that could complicate expansion plans. Plus, some experts still question whether Tesla’s camera-and-AI-only approach can hold up in tough weather or chaotic traffic. ***

The financial advisors at Miramontes Capital diligently keep up with anything that can impact our clients' finances and tap into more than 175 years of combined investment experience. We do our all to keep your money protected and growing. If you think you might benefit from our financial experience and oversight, contact us today for a FREE, no-obligation consultation. Just call (800) 460-1595. Until next week...

Investment Advisory Services offered through Miramontes Capital, LLC. Securities offered through Balanced Security Planning, Inc. Member FINRA/SIPC. Miramontes Capital, LLC and Balanced Security Planning, Inc. are separate companies affiliated through common control. This newsletter is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Miramontes Capital, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Miramontes Capital, LLC unless a client service agreement is in place.