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Market Milestone: Dow 50K and the New Fed Era · The SPY Trader

• 0:00
  Hello everyone !
• 0:01
  This is Sunny Sideup , and you're listening to Spy Trader .
• 0:05
  It's 6 am on Saturday , May 16th , 2026 , here in sunny California .
• 0:11
  We are coming to you every few hours to keep you updated on this wild market rollercoaster .
• 0:16
  Man , what a week we just had !
• 0:18
  We saw history in the making as the Dow Jones actually cracked fifty thousand and the S&P 500 soared past seventyfive hundred midweek .
• 0:28
  It felt like a party , but then Friday rolled around and investors got a bit of a reality check .
• 0:34
  The S&P 500 , which you might track via the SPY or VOO ETFs , ended the week almost flat , up just a tiny pointone percent to finish at 7,408.50 .
• 0:47
  The Nasdaq , or QQQ , actually dipped slightly to 26,225.14 because of some profittaking in those AI chips we all love .
• 0:59
  It wasn't all bad news , though .
• 1:01
  While NVIDIA , ticker NVDA , took a fourpointfour percent hit on Friday after some news about China blocking chip sales , Microsoft — MSFT — actually rose over three and a half percent .
• 1:13
  That is because Bill Ackman’s Pershing Square took a big stake there .
• 1:16
  Healthcare was our safe haven this week .
• 1:19
  The XLV ETF did well , with Eli Lilly , that is LLY , jumping four percent on good clinical trial news , while Gilead Sciences also saw gains .
• 1:30
  We have a big change today .
• 1:32
  Jerome Powell is officially stepping down as Fed Chair , and Kevin Warsh is taking the wheel .
• 1:38
  With inflation sitting at threepointthree percent , people are worried Warsh might be a bit of a hawk on interest rates .
• 1:44
  We are already seeing it in the bond market .
• 1:47
  The tenyear Treasury yield hit fourpointsix percent , and that is putting a lot of pressure on growth stocks and longterm bond ETFs like TLT .
• 1:57
  Plus , with oil over a hundred dollars a barrel due to the conflict with Iran , things are definitely feeling a bit spicy .
• 2:04
  Keep an eye on Apple , AAPL .
• 2:07
  They are looking to shift some chip production to Intel or Samsung to avoid geopolitical risks .
• 2:13
  And how about that Cerebras Systems IPO ?
• 2:16
  Ticker CBRS skyrocketed seventyfive percent on its first day !
• 2:20
  So , what do we do with our hardearned money ?
• 2:24
  First , for your core portfolio , consider sticking with lowcost options like the Vanguard S&P 500 ETF , VOO , or the iShares Core S&P 500 , IVV .
• 2:36
  They are cheaper than SPY , which helps when inflation is high .
• 2:39
  Second , it might be time for a defensive pivot .
• 2:42
  Take a look at the Healthcare Select Sector fund , XLV , or international stocks through VXUS .
• 2:49
  Companies like Eli Lilly offer growth that isn't as tied to oil prices .
• 2:54
  For bonds , maybe skip the longterm TLT for now and look at the more diversified AGG .
• 3:00
  Finally , with NVIDIA reporting earnings on May 20th , it might be smart to trim your tech holdings in QQQ or XLK just a little bit .
• 3:10
  If you want an inflation hedge , check out real estate with VNQ or gold with GLD .
• 3:16
  Stay safe out there , and I will see you in a few hours !