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Goldilocks Markets and the Bank Earnings Kickoff · The SPY Trader

• 0:00
  Good morning , market friends !
• 0:02
  It is 6 am on Sunday , April 5th , 2026 , here in the Pacific time zone .
• 0:08
  I am your host , Sunny Daye , and you are listening to Spy Trader .
• 0:13
  We produce this show every few hours to keep you updated on the pulse of the market .
• 0:18
  Grab your coffee and let's get ready for a big week ahead as we transition from the busy end of the first quarter into the highly anticipated earnings season .
• 0:27
  Last Friday , we got the March Jobs Report , and honestly , it was a total Goldilocks situation .
• 0:34
  Hiring stayed steady while wage growth cooled down .
• 0:37
  That has investors feeling cautiously optimistic , even though we are currently bumping up against alltime highs and looking at a week that might see some highvolume consolidation .
• 0:48
  Our first big focus this week is the macroeconomic narrative which we are calling the final mile of disinflation .
• 0:55
  The Federal Reserve is watching the data closely .
• 0:59
  On Wednesday , April 8th , we get the FOMC Minutes .
• 1:03
  We will be looking for clues on whether a summer interest rate cut is on the table .
• 1:08
  If the Fed sounds a bit too hawkish , we might see the iShares 20 plus Year Treasury Bond ETF , also known as TLT , face some pressure as yields rise .
• 1:18
  Then on Thursday , the Producer Price Index or PPI comes out .
• 1:23
  This is a huge deal for our big tech companies in the Invesco QQQ Trust .
• 1:28
  If PPI is lower than expected , it means lower costs for manufacturers and higher margins for tech .
• 1:35
  Speaking of tech , the Technology Select Sector SPDR Fund , ticker XLK , is still leading the way .
• 1:43
  We are seeing the AI cycle shift from hardware like chips toward software integration .
• 1:48
  Keep an eye on Microsoft and ServiceNow this week as analysts start buzzing before their earnings .
• 1:54
  If you are feeling a bit risky , NVIDIA is still the bellwether .
• 1:59
  Their new Rubin architecture is ramping up production , making any dip in the stock or the VanEck Semiconductor ETF , SMH , a tactical opportunity .
• 2:09
  On Friday , April 10th , the bank earnings kick off with heavyweights like JPMorgan Chase and Wells Fargo .
• 2:16
  The Financial Select Sector SPDR Fund , XLF , will likely be the most volatile spot in the market .
• 2:23
  Everyone wants to see if JPMorgan raises guidance on their interest income .
• 2:29
  If they do , XLF could finally break out of its recent range .
• 2:33
  If all this volatility makes you nervous , there is a defensive rotation happening in healthcare .
• 2:40
  The Health Care Select Sector SPDR Fund , XLV , has been seeing quiet inflows , especially with Eli Lilly dominating the news regarding their drug manufacturing capacity .
• 2:53
  For our trading recommendations this week , I suggest keeping the Vanguard S&P 500 ETF , VOO , or the SPDR S&P 500 ETF Trust , SPY , as your core holding .
• 3:06
  The jobs report gave us a nice cushion against recession fears , so staying diversified here is a smart move .
• 3:13
  If you want income and stability , the iShares Core U.S.
• 3:17
  Aggregate Bond ETF , or AGG , is offering a nice yield of over 4 percent right now .
• 3:24
  It is a great hedge against the bank volatility we expect on Friday .
• 3:28
  Finally , keep an eye on Real Estate through the Vanguard Real Estate ETF , VNQ .
• 3:34
  If that PPI data on Thursday is cool , companies like Prologis could see a massive rally .
• 3:40
  To recap our checklist : Monday and Tuesday might be sideways , so use VTI for broad exposure .
• 3:47
  Wednesday focus on TLT during the Fed minutes .
• 3:51
  Thursday watch XLK and VNQ after the PPI report .
• 3:56
  And Friday , it is all about the big banks like JPMorgan .
• 4:00
  If you are a bit heavy on tech , maybe this is the week to diversify into healthcare with XLV or international markets with VXUS .
• 4:09
  Stay smart , stay friendly , and I will see you back here in a few hours .
• 4:15
  This is Sunny Daye signing off for Spy Trader .