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Market Humdinger: Tariffs, Tech, and Tangled Lines · The SPY Trader

• 0:00
  Alright , alright , settle down folks , it's your pal Bubba Butters , comin ' at you live from the Spy Trader podcast .
• 0:07
  It's 6 am on Tuesday , June 3rd , 2025 , Pacific time , and we're here to break down what's shakin ' in the market .
• 0:16
  Let's dive right into it .
• 0:18
  So , May was a real humdinger , best month since November '23 !
• 0:23
  But June's startin ' a little mixed , ya know ?
• 0:25
  Monday saw the S&P 500 up 0.41% , Nasdaq doin' a jig with a 0.67% increase , and the Dow just barely wiggled up 0.08% .
• 0:39
  But futures are lookin ' a little droopy this mornin ' , everything's down a tad .
• 0:45
  Now , let's talk sectors .
• 0:46
  Realty , Capital Markets , and PSU Banks were struttin ' their stuff yesterday , all up over 2% .
• 0:52
  Tech's been lookin ' strong , Palantir ( PLTR ) even hit a record high .
• 0:57
  Steel stocks ?
• 0:59
  Woowee , they surged after President Trump floated doubling steel tariffs .
• 1:03
  ClevelandCliffs ( CLF ) and Nucor ( NUE ) were leading the charge there .
• 1:09
  But , uh oh , automakers like General Motors ( GM ) , Ford ( F ) , and Stellantis ( STLA ) took a tumble 'cause of those potential tariffs .
• 1:19
  Macrowise , things are a bit like a tangled fishing line .
• 1:23
  The OECD's trimmed growth forecasts 'cause of tariff worries .
• 1:27
  Plus , rising Treasury yields got folks gettin ' antsy about U.S.
• 1:32
  fiscal policy .
• 1:34
  The market's expectin' a rate cut around September .
• 1:37
  Fed Governor Waller even hinted a cut's still possible this year .
• 1:42
  Trade tensions ?
• 1:43
  Still a thing .
• 1:44
  China and the U.S.
• 1:46
  are still givin ' each other the sideeye .
• 1:48
  And that tariff talk from Trump ?
• 1:50
  The EU ain't too happy , says it could mess with negotiations .
• 1:53
  Speaking of Trump , he's supposed to chat with President Xi this week .
• 1:57
  Dollar General ( DG ) shares jumped after reporting good results and raising their guidance .
• 2:03
  On the flip side , Yes Bank shares took a nosedive after some rumors about Sumitomo Mitsui Bank but the bank has denied those discussions .
• 2:12
  Keep an eye on Nike ( NKE ) earnings , tariffs might be makin ' 'em sweat .
• 2:18
  So , what's Bubba think ?
• 2:19
  Well , the market's got a case of the ' maybe's ' .
• 2:22
  There's opportunities in tech , especially AI .
• 2:25
  But I'd be real careful with anything that gets hit hard by tariffs , like those automakers .
• 2:30
  Watch those steel stocks close , they're jumpy with every tariff tweet .
• 2:34
  And remember , folks , keep an eye on those economic reports and central bank meetings .
• 2:39
  Diversify , my friends , diversify !
• 2:42
  Play it safe with some gold , Bitcoin , Swiss francs , or the Japanese yen .
• 2:47
  Now , I ain't no fortune teller , and this ain't financial advice .
• 2:51
  Just Bubba Butters givin ' ya the lowdown .
• 2:54
  Talk to a real financial pro before makin ' any big moves .
• 2:59
  This has been Spy Trader , y'all stay classy !