👀 Prop Firm Expo debuts in London. Here's what traders thought.

Hi everyone, another week is upon us and the markets are open, so lets get straight into it.

Over the weekend PropFirmMatch held the first Prop Firm Expo in London.

Some footage from inside the expo.

I believe it was quite hot inside 😄 

Reactions were generally favourable but a few complaints about the queues, heat and size of the venue.

Regardless of some of the negative feedback, well done to PropFirmMatch for putting on this event. I’m sure it will be bigger and better next year.

📢  Firm Announcements

• Tradeify launched Select Flex, removing daily loss limits, consistency rules and activation fees while offering 90% profit splits and higher payout caps. The firm also unveiled Chart Academy, a free trading education platform, and opened the waitlist for its upcoming prop trading platform, arcnine.

• FundingPips paused all active accounts until traders accept its updated Responsible Trading Policy, which the firm says brings greater clarity and flexibility. It also introduced XP redemption, allowing traders to use earned XP towards future challenge purchases.

• FundedNext launched On Demand Rewards for Stellar challenge accounts, enabling same day reward requests with a 95% reward share. The dashboard also now supports one click payments with a new Save Card feature.

• E8 Markets launched its new E8Trade platform powered by Hyperliquid, featuring live leaderboards, real time charts, journaling tools and announced the Hyper Cup trading competition.

• BrightFunded announced an official partnership with Revolut, making the fintech giant its official payment partner.

• See all announcements → x.com/promojunction

• Set alerts for your favourite firms → promojunction.io.

From Payout Junction, here are the firms who paid out the most over the last 7 days 🏆️.

🔥 Monitor prop firm payouts LIVE on Payout Junction - https://payoutjunction.com.

🕜 Red Folder News

Here are this week’s red folder news events. A quiet week on the calendar, however watch out for non-farm payrolls on Thursday.

📈 Markets

Extreme Fear

We finally made it. Another down week for the S&P500. That’s 2 red weeks out of the last 13 😁 That’s all it takes and sentiment is ‘Extreme Fear’. The reading is not hugely extreme yet, but contrarian longs can start to look interesting here.

Seasonality looks strong for July

June is often a difficult month for the S&P500. On a 20 year lookback, we typically see the June lows taken out at the end of the month followed by a huge move up in July.

Technology Whipsawing

After several weeks of strong inflows, technology funds saw HUGE outflows last week. Very concerning for the market leaders.

Mag 7 approaching must-hold levels

Per Bank of America, "If MAG7 < 60… “risk-off” for summer."

We have been warned.

Mag 7 exposure

Morgan Stanly also watching this theme note, “Mag7 net exposure on the MS Prime hedge fund book is down at a 3 year low.”

So the question is, do the dip buyers save us? or do we push lower? Big week ahead.

OK you’re all caught up. Have a good week!

Kieran

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