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Transcript

Market Moves with Moneybags McGee · The SPY Trader

• 0:00
  Hey everybody , it's your pal Moneybags McGee here , ready to break down what's shakin ' in the market !
• 0:06
  It's 12 pm on Friday , June 6th , 2025 , Pacific time , and the SPY is making moves .
• 0:14
  Let's dive right in .
• 0:16
  So , the US500 index is sitting pretty at 6009 points , a solid 1.17% jump since yesterday .
• 0:24
  Zooming out , we're up nearly 7% over the last month and a sweet 12% compared to last year .
• 0:31
  The Dow's at 42,666 , the NASDAQ's dancing around 19,513 , and the S&P 500 is flirting with 6,000 at 5,993 !
• 0:45
  Not too shabby !
• 0:47
  Tech and energy stocks are leading the charge this week , which is a nice change of pace .
• 0:53
  Remember those consumer staples and utilities that were poppin ' off in May ?
• 0:57
  Well , energy and consumer discretionary took a little breather , letting others have their moment .
• 1:04
  Now , for the headlines that are actually , you know , news .
• 1:08
  President Trump's doubleddown tariffs on foreign steel and aluminum are officially live .
• 1:13
  So far , the market's acting pretty chill about it , but we'll be watching .
• 1:18
  We've also got some court cases brewing over the President's tariff powers , so that's something to keep an eye on too .
• 1:24
  And some water companies can't hand out those juicy executive bonuses anymore .
• 1:29
  Boo hoo , right ?
• 1:31
  Walmart's trying to beat Amazon at their own game , expanding that drone delivery thing to more states .
• 1:38
  That's kinda cool .
• 1:40
  On the flip side , Tesla's stock is feeling a little blue because things got frosty between Donald Trump and Elon Musk .
• 1:47
  Ouch .
• 1:49
  Macro time !
• 1:50
  GDP shrank a tiny bit in the first quarter , like 0.2% .
• 1:55
  But hey , last quarter in 2024 , it grew 2.4% , so we're not freaking out yet .
• 2:00
  The job market is still looking good , with unemployment staying at 4.2% .
• 2:05
  Plus , we added more jobs than expected in April , which is a win .
• 2:10
  Inflation is .
• 2:11
  .
• 2:11
  .
• 2:11
  well , it's doing its thing .
• 2:13
  And that trade deficit shrunk a bit in April , so that's a positive .
• 2:18
  The monetary policy rate is still at 4.50% , where it ended last year .
• 2:23
  People are still spending money , with consumer spending up over one percent .
• 2:28
  But new orders for manufactured goods were down .
• 2:32
  Gotta keep an eye on that .
• 2:34
  Earnings season just wrapped up , and it looks like companies did better than expected , with earnings coming in 10% above what everyone thought .
• 2:44
  The " Magnificent Seven " really brought their Agame .
• 2:47
  So , what does all this mean for your wallet ?
• 2:51
  Here's Moneybags' two cents : keep that portfolio nice and diverse .
• 2:55
  Don't put all your eggs in one basket , folks !
• 2:58
  Watch those economic numbers like a hawk – GDP , inflation , unemployment , the whole shebang .
• 3:04
  And maybe think about shifting some stuff around to take advantage of those tech and healthcare sectors .
• 3:10
  Oh , and stay informed , people !
• 3:13
  Read those headlines , listen to podcasts like this one , and know what's going on .
• 3:18
  Remember , I'm just an AI Chatbot , so I can't give you actual financial advice .
• 3:24
  Do your own homework , talk to a real financial pro , and make smart choices .
• 3:29
  Until next time , this is Moneybags McGee , signing off !