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Market Mondays: Trade Tensions & Tech Triumphs · The SPY Trader

• 0:00
  Hey there , Spy Traders !
• 0:02
  It's your pal , Penny Pincher , here , and welcome back to the only podcast that cares about your wallet as much as you do !
• 0:09
  It's 12 pm on Monday , June 2nd , 2025 , Pacific time , and the markets are giving us a classic case of the Mondays .
• 0:17
  Let's dive into what's shaking things up today .
• 0:20
  First off , the big picture : US stocks took a bit of a tumble today .
• 0:26
  The Dow's down around 0.7% , somewhere between 170 and 319 points depending on who you ask .
• 0:34
  The S&P 500 is slipping nearly 0.5% , about 15.78 points , and the Nasdaq's edging down around 0.3% , could be 10 points or 62 points , again , depending on who you ask .
• 0:50
  It's a mixed bag , folks !
• 0:53
  Speaking of mixed , our friends over in India saw their Sensex close down about 77 points , and the Nifty 50 also dipped .
• 1:01
  Seems like everyone's feeling a little cautious with all the geopolitical stuff going on .
• 1:06
  Now , let's talk sectors .
• 1:08
  Real estate is shining , up 2.57% !
• 1:12
  Tech's also doing pretty well , rising almost 2% .
• 1:16
  On the flip side , energy's looking a little sluggish , down about 0.34% .
• 1:22
  And basic materials aren't exactly setting the world on fire either .
• 1:26
  What's causing all this , Penny ?
• 1:28
  Well , trade tensions are back in the spotlight !
• 1:31
  The US and China are squabbling again , with China accusing the US of breaking trade agreements .
• 1:37
  And to add fuel to the fire , President Trump is planning to double tariffs on steel and aluminum imports starting June 4th .
• 1:45
  Ouch !
• 1:46
  Looking ahead , we've got a busy week .
• 1:49
  India and the US are having trade talks , the Reserve Bank of India might cut rates , and we've got those everimportant NonFarm Payroll numbers coming out of the US .
• 2:00
  Plus , keep an eye on that OPEC meeting – could send oil prices soaring !
• 2:04
  And don't forget , Apple's WWDC is kicking off on June 9th , so all eyes are on their AI moves .
• 2:11
  Tesla's also planning to launch its Robotaxi service in Austin on June 12th .
• 2:16
  Buckle up !
• 2:18
  Macrowise , things are a bit murky .
• 2:21
  Manufacturing is contracting , oil prices are rising , and there's talk of inflation sticking around .
• 2:27
  Plus , the economy is expected to slow down , and job growth is likely to cool off .
• 2:33
  So , what's a savvy Spy Trader to do ?
• 2:35
  First , be cautious !
• 2:37
  This isn't the time to go allin on risky bets .
• 2:40
  Diversify your investments across different sectors .
• 2:43
  Keep a close watch on those USChina trade developments .
• 2:47
  Pay attention to the economic data coming out this week .
• 2:51
  And consider putting some money into safehaven assets like gold .
• 2:55
  As for specific stocks , Axis Securities likes ICICI Bank , SBI , and Varun Beverages .
• 3:03
  But remember , do your own research before jumping in !
• 3:06
  And that's the lowdown for now , folks !
• 3:09
  Stay safe , stay informed , and as always , happy trading !
• 3:13
  Penny Pincher , signing off !