Good morning and happy Sunday!

Markets staged a surprising rebound last week, with the S&P 500 rallying 20% off April lows thanks to easing trade tensions between the U.S. and China. Hopes for tariff relief, bolstered by a “very good” call between Trump and Xi, gave investors reason to cheer—even if the details are still foggy. But not everyone’s riding the wave with full conviction.

Behind the scenes, a Congressman stepped away from Microsoft, a longtime Tesla insider offloaded a large chunk of his stock, and one low-profile fund just upped its stake in Amazon as consumer tech continues to roar back.

Here’s how it all went down.

P.S. This newsletter was drafted Friday. Want these trade alerts as they happen? Join Elite Insider here.

🏛️ Congressman Sells Microsoft

On May 11, 2025, Representative David Taylor (R-OH) sold his shares of Microsoft Corp. $MSFT ( ▲ 1.39% ) , a trade valued between $1,001 and $15,000 at a price of $449.26. The transaction was disclosed on June 3.

This comes at a time when Microsoft has been flying high—its AI momentum, dominance in cloud, and gaming sector wins have all helped push the stock to record levels. But with great growth comes great scrutiny. Some lawmakers may be wary of appearing too cozy with Big Tech, especially as Congress continues to circle issues like antitrust and digital privacy.

Given the modest size of the trade, Taylor’s move may be more about optics or routine portfolio management than market timing. Still, when a politician trims a tech darling just as AI hype hits a new peak, it's always worth noting.

🚗 Ehrenpreis Dumps $170M in Tesla Stock

On May 27, 2025, Ira Ehrenpreis, a director at Tesla Inc. $TSLA ( ▼ 0.65% ) and one of Elon Musk’s longest-standing allies, sold a staggering 477,572 shares at $357.30 each—totaling roughly $170.6 million. The trade was disclosed on May 29.

This isn’t your average trim. Ehrenpreis has been on Tesla’s board since the early days and has rarely made moves this large. The sale arrives just as the EV giant battles slowing global demand, aggressive pricing wars, and regulatory hurdles in both the U.S. and EU.

To be clear, Ehrenpreis is still deeply tied to the company, but the size of this offload is hard to ignore. Whether it’s portfolio rebalancing or a shift in conviction, the move is noteworthy for this reason: it might be the biggest insider sell Tesla has seen in months, and it’s happening at a time when questions about growth are louder than ever.

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📦 Amazon Gets a Quiet Vote of Confidence

On March 31, 2025, Invst, LLC added to its position in Amazon, Inc. $AMZN ( ▲ 1.45% ) , with the trade disclosed on June 2. The firm now holds 45,582 shares, quietly growing its stake in one of the most dominant players in tech and retail.

Amazon’s stock has benefited from the recent rally, riding high on improved consumer sentiment and resilient AWS growth. For Invst, this could be a play on the company’s long-term strength.

With all eyes on Big Tech’s next act, this quiet accumulation suggests Invst sees Amazon as a foundational bet in an increasingly volatile market.