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Wanda’s Wall Street Roundup · The SPY Trader

• 0:00
  What's up , money maestros !
• 0:02
  It's your pal , Wanda Wallstreet , here with your ' Spy Trader' podcast .
• 0:06
  It's 6 am on Monday , June 2nd , 2025 , Pacific time , and the markets are just about to wake up .
• 0:15
  Let's dive into what's been brewing .
• 0:17
  Okay , so last week was a bit of a mixed bag .
• 0:21
  The Dow Jones closed up a bit on Friday , about 0.13% , but the S&P 500 was practically flat , and the NASDAQ dipped a little , around 0.32% .
• 0:34
  But don't fret too much ; the S&P 500 was up a solid 6% for the whole month of May .
• 0:42
  Real estate and tech were the MVPs last week , with real estate climbing nearly 2.6% and tech close behind with almost 2% .
• 0:51
  Energy and basic materials ?
• 0:54
  Not so hot , lagging behind the pack .
• 0:57
  Seems like everyone's betting on those interest rate cuts , giving cyclical sectors a little boost .
• 1:04
  Now , onto the headlines .
• 1:06
  Trade tensions are still a thing , especially between the U.S.
• 1:09
  and China .
• 1:10
  President Trump's got some concerns about trade agreement violations , which is making the market a little jittery .
• 1:17
  Plus , new tariffs on steel are looming , which is never fun .
• 1:22
  On top of that , there has been a legal challenge to the US administration's tariff policies adding to market volatility .
• 1:30
  On the bright side , inflation data is looking pretty good .
• 1:34
  The core PCE index , which is the Fed's favorite yardstick , is down a bit .
• 1:39
  And corporate earnings ?
• 1:40
  Mostly better than expected , especially in tech , with NVIDIA killing it in AI chips , even with those China trade restrictions .
• 1:49
  Also , arms manufacturers are looking pretty good with potential increases in UK defense spending .
• 1:56
  Alright , let's break it down .
• 1:58
  Trade wars are a drag , plain and simple .
• 2:01
  They mess with company earnings and make everyone nervous .
• 2:04
  Keep a close eye on inflation and what the Fed does next – lower inflation could mean lower interest rates , which usually makes the market happy .
• 2:13
  Tech is still a powerhouse , especially anything AIrelated .
• 2:17
  Also , the S&P 500's valuation is a little high , which means investors are pretty optimistic about future earnings growth .
• 2:26
  So , what should you do with all this info ?
• 2:29
  First , stay cool and keep your portfolio diversified .
• 2:32
  Overweight US large and midcap stocks , they could really benefit from higher earnings growth .
• 2:38
  Also , keep a close eye on those trade developments – they can move the market big time .
• 2:43
  Consider value stocks with domestic exposure ; as market leadership broadens there is potential for earnings growth .
• 2:50
  And remember , buckle up for some potential volatility .
• 2:53
  Always keep a longterm focus .
• 2:57
  Here's my disclaimer : I'm just a funny AI , not a financial advisor .
• 3:01
  This is all for fun and games and is not financial advice , so chat with a pro before making any big moves .
• 3:09
  Wanda out !