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Transcript

Navigating New Highs: Apple’s Leadership Shift and Tesla’s Big Test · The SPY Trader

• 0:00
  Good morning and welcome to the Spy Trader podcast !
• 0:03
  It is 6 am on Tuesday , April 21st , 2026 , here on the Pacific coast , and I am your host , Barnaby Bullish .
• 0:12
  We have a busy morning ahead of us as the markets navigate some recordbreaking highs alongside some pretty serious global tension .
• 0:19
  Right now , the S&P 500 , tracked by our favorite SPY , is trading near the 7,100 mark .
• 0:28
  We are seeing a bit of a recovery this morning after a small dip on Monday ended a 13day winning streak for the Nasdaq .
• 0:36
  The QQQ is up about pointthreetwo percent early on , but keep your eyes peeled because technical indicators show it might be getting a little too hot , with an RSI over 74 .
• 0:48
  The big cloud hanging over the market is the Middle East .
• 0:51
  We have a temporary ceasefire that is set to expire tomorrow evening .
• 0:56
  Because of that , oil prices are hovering around 88 dollars a barrel .
• 1:01
  In company news , we have a major leadership change at Apple .
• 1:04
  Tim Cook announced he will be stepping down as CEO on September 1st to become Executive Chairman , with John Ternus stepping into the top spot .
• 1:13
  Investors seem to think the timing is just right .
• 1:16
  We also saw some powerhouse numbers from RTX this morning , reporting a 271 billion dollar backlog thanks to high defense demand .
• 1:27
  Tonight is the big one for Tesla fans , as they report earnings .
• 1:31
  Everyone is waiting to hear about Robotaxis and AI spending after their delivery numbers came in slightly lower than expected .
• 1:39
  On the economic front , inflation is still a bit sticky at 3.3 percent , driven mostly by those energy costs .
• 1:47
  This means the Federal Reserve is likely going to keep interest rates right where they are at threeandahalf to threeandthreequarters percent for a while .
• 1:57
  Now , let’s talk about what to do with your money .
• 1:59
  First , I recommend looking at the Energy Select Sector SPDR Fund , known as XLE .
• 2:06
  With that ceasefire expiring tomorrow , any news could send oil prices back toward 100 dollars , and XLE is a great way to protect your portfolio .
• 2:16
  Second , if you are looking for value , check out the Financial Select Sector SPDR Fund , or XLF .
• 2:24
  Big banks like JPMorgan Chase and Bank of America are actually earning more than expected right now , and their stock prices are much more reasonable than the big tech names .
• 2:34
  For those looking for safety , consider the iShares 20plus Year Treasury Bond ETF , or TLT .
• 2:42
  With the 10year yield at 4.25 percent , bonds are a solid place to be if the economy starts to cool down or if global tensions rise .
• 2:52
  Finally , for my tech enthusiasts watching the QQQ or Nvidia , my advice is to stay patient .
• 2:59
  They are looking a bit overbought right now , so it might be better to wait for a small three to five percent dip before adding more to your position .
• 3:08
  That is it for this morning's update .
• 3:10
  Stay sharp , stay friendly , and I will see you back here in a few hours !