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Week of 7/13/25

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1

All that glitters is definitely not gold – Copper prices skyrocketed to record highs, jumping 13% and triggering the biggest one-day surge since 1968, after President Donald Trump announced a 50% import tax on the metal on 7/8. The new tax is part of a sweeping tariff blitz as Trump doubles down on the new August 1 trade-negotiation deadline. (Source: The Wall Street Journal)

2

Once you pop, the fun don't stop – Despite a slower start to the year due to the threat of Chinese competition, chipmaker Nvidia reached a market capitalization of $4 trillion on 7/9. It’s the first public company in the world to reach the milestone, and proves the demand for AI hasn’t lost steam. (Source: Reuters)

3

Somebody check their couch cushions, too – Two wallets containing 10,000 bitcoin each were moved on the blockchain on July 4 after being dormant for 14 years. The 20,000 bitcoins were originally deposited in 2011 when Bitcoin was just $0.78. With the cryptocurrency currently trading at more than $100,000, the value of those two wallets is now over $1.09 billion each. (Source: MarketWatch)

4

First Brexit, now Wexit – As new tax rules targeting non-domiciled British residents (people who live in the UK but have another permanent home for tax purposes) reshape the country’s appeal, a record 16,500 millionaires are expected to leave the UK in 2025. Taking nearly $92 billion in wealth with them (hence: Wexit), many are heading to tax havens such as the United Arab Emirates, Monaco, and Malta, although rising geopolitical tensions could complicate those plans. (Source: Barron's)

5

Love it or list it, but don't buy it – As affordability challenges continue to push traditional buyers to the sidelines, nearly 27% of all homes sold in the first quarter were snapped up by investors—the highest share in at least five years. Investors accounted for only 18.5% of purchases on average between 2020 and 2023, for comparison. (Source: AP News)

6

C’est la vie – French air traffic controllers walked out to protest staff shortages and outdated equipment on July 5. Since France is a major hub for European travel, the strike forced airlines to cancel hundreds of flights, disrupting travel across the continent during one of the heaviest travel weeks of the summer. (Source: Reuters)

7

Not beans, not good for your heart – A recent study found that cannabis users may double their risk of dying from heart disease. They also have a 29% higher risk for heart attacks and 20% higher risk of stroke compared to nonusers. Cardiovascular disease is a top cause of death in the US. (Source: CNN)

8

And they didn't even factor in the gators – Despite its reputation as a hot spot for retirees, Florida scored poorly across multiple categories in a new national study for aging in place. In fact, Florida was deemed the worst out of all 50 states for aging in place. The report analyzed 10 key factors, including home-care access, emergency response times, housing costs, and weather safety. (Source: Seniorly)

9

They did, indeed, getcha real good – Not only are fans loving the movie itself, but the soundtrack to animated Netflix hit "K-Pop Demon Hunters" has surpassed the Wicked soundtrack to become the highest-charting soundtrack of 2025. Songs from the movie’s fictional music groups, Huntr/x and Saja Boys, have also beaten Spotify streaming records for real K-pop groups Blackpink and BTS. (Source: Variety and Billboard)

10

My tummy hurts just reading this – One year after being banned due to a sponsorship conflict with Impossible Foods, Joey Chestnut returned to the annual Nathan's Hot Dog Eating Contest and solidly beat the competition—by 24 hot dogs, no less. Chestnut has won every annual competition since 2007 except for two years: 2024, the year he was banned, and 2015, when he lost to another competitor. (Source: Yahoo Sports)

 

 

Past performance does not guarantee future results. 

Hartford Funds may or may not be invested in the companies referenced herein; however, no particular endorsement of any product or service is being made. 

Investing involves risk, including the possible loss of principal.• Investments in the commodities market may increase liquidity risk, volatility and risk of loss if adverse developments occur.

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