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Fed Fallout and the Big Tech Earnings Storm · The SPY Trader

• 0:00
  Good morning , traders !
• 0:02
  Welcome back to Spy Trader , your quickhit guide to navigating these wild markets .
• 0:07
  I am your host , Barnaby Bullish , and it is exactly 6 am on Wednesday , April 29th , 2026 , out here on the Pacific Coast .
• 0:16
  We are just hours away from some massive market movers , so let us get you prepped .
• 0:21
  The S&P 500 , or the SPY , is currently sitting right around 7,138 .
• 0:28
  It took a little breather yesterday , slipping about half a percent as everyone holds their breath for the Federal Reserve .
• 0:35
  Over in the tech world , the Nasdaq100 , that is the QQQ , had a tougher time , dropping nearly one percent to 24,663 .
• 0:46
  Why the long face in tech ?
• 0:48
  Well , news leaked that OpenAI missed its internal growth targets , which has everyone asking if the billions spent on artificial intelligence are actually paying off .
• 0:59
  This sent Nvidia down 1.6 percent and caused a massive 8 percent slide for Arm Holdings .
• 1:05
  But it is not all gloom !
• 1:07
  The energy sector is absolutely on fire .
• 1:10
  Crude oil has jumped past 103 dollars a barrel because the United Arab Emirates just announced they are leaving the OPEC cartel this Friday .
• 1:18
  Meanwhile , financials are holding steady thanks to a great report from SoFi , which pulled in record revenue of 1.1 billion dollars .
• 1:29
  Looking at the big picture , we are in a bit of a stagflationary tightrope walk .
• 1:33
  The Fed is expected to keep interest rates between 3.5 and 3.75 percent this afternoon , but Chair Jerome Powell has a tough job .
• 1:42
  Economic growth slowed to pointfive percent last quarter , but inflation is still hot at 3.3 percent .
• 1:49
  On top of that , we have a major earnings storm tonight .
• 1:53
  Alphabet , Microsoft , Meta , and Amazon are all reporting after the bell .
• 1:59
  Investors want to see that AI is making money , not just costing money .
• 2:03
  If these big players disappoint , the QQQ could be in for a bumpy ride .
• 2:08
  So , what is the game plan ?
• 2:10
  First , it might be time to trim some of those heavy tech positions in the QQQ and rotate into something a bit more stable , like the Vanguard FTSE Developed Markets ETF , ticker VEA .
• 2:23
  International markets are looking a bit cheaper right now .
• 2:26
  Second , lean into energy as a hedge against inflation and global drama .
• 2:31
  I like the Energy Select Sector SPDR , or XLE , and individual names like ExxonMobil .
• 2:38
  With the UAE shaking up OPEC , oil prices likely have more room to run .
• 2:43
  For a defensive move , check out healthcare .
• 2:47
  The XLV ETF is a solid pick , especially with Regeneron posting a huge 19 percent jump in revenue today .
• 2:56
  Healthcare is great because it does not care as much about what the Fed does with interest rates .
• 3:01
  Finally , be very careful with longterm bonds like the TLT ETF .
• 3:06
  If oil prices keep pushing inflation higher , bonds could lose more value .
• 3:11
  Stick to shorterterm stability for now .
• 3:13
  Today is going to be a wild one , so keep your eyes on the screen and your feet on the ground .
• 3:18
  We will see what the Fed and Big Tech have to say later today .
• 3:22
  Until next time , happy trading !