Wall Street’s Wild Ride: Trade Wars, Tech Wins, and What’s Next

The SPY Trader

Fresh news and strategies for traders. SPY Trader episode #1215. Hey everyone, it's your pal Bubba Buckets here, and welcome to another edition of Spy Trader! It's 6 pm on Wednesday, June 4th, 2025, Pacific Time, and the markets have been keeping us on our toes. Let's dive right into what's been shaking Wall Street. First up, we've seen a bit of a mixed bag lately. The S&P 500 and Nasdaq have been feeling pretty good, racking up some wins, but the Dow? Well, it's been a bit of a rollercoaster. Overall, the market's been relatively calm, but don't get too comfy – experts are saying we should expect some more bumps in the road coming up. Now, onto the juicy news! Trade deals are still the talk of the town. Everyone's waiting to see what happens with those negotiations, especially with China. Remember President Trump's tariff plans? Well, the market's not quite as worried about them as it was before, but tensions are still simmering, so keep an eye on this space. On the employment front, things got a little shaky. The ADP report showed hiring slowed down more than expected. Apparently only 37,000 jobs were added in May, which is the lowest in over two years! This has people worried about what those trade uncertainties are doing to the job market. And speaking of Trump, he doubled tariffs on steel and aluminum imports, and he's still nudging the Fed to cut those interest rates. In company news, Nvidia is still making waves. Their earnings were fantastic, proving that demand is super strong. In fact, Nvidia got so pumped up, it even overtook Microsoft for a hot second as the most valuable company! Talk about a flex. Tesla is expecting sales to climb, especially in the U.K., with their new Model Y hitting the scene. Okay, let's talk sectors. Tech was the star of May, but now it's looking pretty fairly valued. Communication Services, on the other hand, might be the underdog we're all looking for. Experts think Meta and Alphabet could be diamonds in the rough. Now, let's break it down. Even though things might get a little wild, experts say to stick with your investments and keep things diverse. Consider going marketweight overall, but maybe give those value stocks a little extra love. And keep a close watch on those trade talks and economic numbers. As for specific stocks, Communications Services look undervalued and might be a good buy. Remember this is just a high level overview, and I'm not a financial advisor. That's all for today's Spy Trader! Stay safe, stay informed, and I'll catch you on the next one!