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Market Movers: Tariffs, Tech, and Trading Tips · The SPY Trader

• 0:00
  Alright , alright , alright , Spy Traders , it's your pal Finny the Finance Ferret here , and it's 6 am on Wednesday , June 4th , 2025 , Pacific time .
• 0:11
  Time to dive into what's shakin ' in the stock market this fine morning !
• 0:15
  Let's get this bread !
• 0:17
  So , the big picture : the market's been on a bit of a tear lately .
• 0:21
  Tuesday saw the S&P 500 jump 0.58% , the Nasdaq popped 0.81% , and even the Dow Jones had a good day , adding 0.51% for its fourth straight win .
• 0:35
  We are seeing green , folks !
• 0:37
  In fact , the S&P 500 had its best month in May in about a year and a half .
• 0:43
  The Nasdaq is finally in positive territory for the year .
• 0:47
  Some folks over at Deutsche Bank are even saying the S&P 500 could hit a record high by the end of the year , projecting a 10% upside from where we were on Tuesday .
• 0:58
  But don't get too excited just yet .
• 1:01
  Some believe the optimism might already be baked into the price , so the summer gains might be limited .
• 1:07
  Keep your powder dry !
• 1:10
  Tech stocks are leading the charge , and you know who's the king of the hill again ?
• 1:14
  NVIDIA !
• 1:15
  Yep , they've reclaimed their spot as the world's most valuable company .
• 1:19
  The chip sector in general is looking strong , with Nvidia , Broadcom , ON Semiconductor , Microchip Technology , Micron , and Intel all seeing gains .
• 1:30
  Energy stocks are also contributing to the upside , so there is more than just tech driving the market today .
• 1:37
  On the other hand , on May 30th , the energy and consumer discretionary sectors lagged .
• 1:44
  Now , let's talk about the stuff that's making headlines .
• 1:47
  Trade tensions are still a big deal , with President Trump planning to double tariffs on steel and aluminum .
• 1:54
  The OECD even downgraded its growth forecasts , blaming tariffs .
• 1:59
  And it looks like court rulings on tariffs aren't helping either , with one ruling getting stayed by an appeals court .
• 2:06
  It's a big mess .
• 2:09
  Earnings season has been pretty good overall , especially for tech and healthcare .
• 2:14
  NVIDIA's earnings confirmed that AI chips are still hot property .
• 2:18
  Dollar General also surprised everyone with betterthanexpected results .
• 2:23
  Speaking of companies , Hewlett Packard jumped in afterhours trading on strong quarterly results , while CrowdStrike took a tumble after giving some weaker revenue guidance .
• 2:34
  That's the way the cookie crumbles !
• 2:36
  On the macro side , the OECD isn't too optimistic , downgrading growth forecasts for the U.S.
• 2:43
  to 1.6% and global growth to 2.9% , all thanks to those pesky tariffs .
• 2:49
  They also think inflation could creep up to almost 4% by the end of the year .
• 2:54
  The job market is still looking good , but there's a worry that tariffs might put a damper on hiring .
• 3:00
  Inflation is inching closer to the Fed's target , but some folks think tariffs could push it up again .
• 3:06
  So , what should you do with all this info ?
• 3:09
  Well , first off , stay invested and diversified .
• 3:12
  Don't put all your eggs in one basket !
• 3:15
  Consider overweighting U.S.
• 3:16
  largecap and midcap stocks , as they might benefit from higher earnings .
• 3:20
  Keep a close eye on those tariff developments – they're a real mood killer .
• 3:24
  Also , watch out for those key economic reports like the jobs report and inflation data .
• 3:30
  For your sectors you should look at , keep betting on tech , especially the semiconductor and AI plays .
• 3:37
  Consider bulking up on defensive sectors like consumer staples and utilities in case things get rocky .
• 3:44
  And keep an eye on the energy sector , given all the geopolitical stuff going on .
• 3:51
  And hey , don't forget that some analysts think international markets might keep outperforming , so maybe spread the love around the globe a bit .
• 3:59
  Remember , I'm just a financial ferret , not your financial advisor .
• 4:04
  This is just my take on things , so chat with a pro before making any big moves .
• 4:10
  Happy trading , and may the odds be ever in your favor !