🎩 Buffett Out, Powell On Deck, and Markets on Mute: Welcome to May Madness
Earnings, egos, and economic chaos collide — this week, Wall Street’s pretending it’s calm while chugging espresso behind the curtain.
We’re kicking off the week with billionaire farewells, a possibly delusional Fed, and another firehose of earnings. Sprinkle in some trade war tantrums and you’ve got the recipe for another perfectly unhinged week on Wall Street.
👋 Buffett’s Swan Song (Kinda)
🔹 The Oracle of Omaha passed the mic (softly) to Greg Abel this weekend — no drama, just Buffett-style succession planning… with 1.1 trillion market cap implications.
🔹 Berkshire stock hit a record Friday. 17% YTD gains while the S&P stumbled. The man could’ve retired on top... but chose to hover like a ghost on the board instead. Classic Warren.
📌 Why It Matters:
$BRK is the 7th-largest S&P component. Any wobble in that stock is gonna ripple.
Buffett’s calm talk on tariffs ≠ bullish. More like: “Don’t panic, but maybe brace.”
🏛️ Fed Week: All Eyes on Jay (Again)
🔹 Fed decision hits Wednesday. No change expected — but Powell’s press conference could make or break the rally.
🔹 The jobs report gave him a “hold” pass. GDP is down. Inflation is up. The Fed has one job and two mandates. Good luck with that, Jay.
📌 Watch For:
Any dovish tilt = green light for risk-on trades 🚀
Hawkish lean = get your puts and your popcorn 🍿
Trump yelling “CUT RATES NOW” on Truth Social again 📉
🧨 Earnings Blitz: AI, Autos & Mouse Ears
🔸 $PLTR, $DIS, $AMD, $COIN, $SHOP, $UBER — it’s a Murderers’ Row of market movers.
🔸 Analysts are trimming Q2 EPS forecasts (-2.4%) faster than McDonald’s trims lettuce from burgers. Blame tariffs. Blame the Fed. Just don’t blame the CEOs.
📌 Key Setups:
$DIS: Will streaming revive or sink?
$PLTR: Meme magic or govtech moat?
$AMD/$SMCI/$NVDA: Is AI still hot or just hype?
$COIN: Bitcoin bounce = options explosion?
🔄 Sell in May? Or Just Cry in May?
🔹 The old adage says “Sell in May and go away.” But this isn’t 1995.
🔹 Tariffs. Election noise. Powell. China. Oil. None of these care about seasonal patterns.
📌 What the Pros Say:
“Seasonality is vibes, not gospel.” — Probably someone at LPL
“It’s not May’s fault. It’s the macro’s.” — Definitely someone in a fleece vest
🗓️ Weekly Macro & Earnings Calendar
Monday
📈 ISM Services PMI (expected: 50.3) 💼 Earnings: $F, $PLTR, $CLX, $HIMS
Tuesday
🧾 Earnings: $AMD, $CELH, $SMCI, $RIVN, $WYNN, $DOCN
Wednesday
🏦 FOMC Decision 📝 (No rate cut expected... but never say never) 💼 Earnings: $DIS, $UBER, $OXY, $APP, $CVNA
Thursday
📊 Initial Jobless Claims (expected: 230K) 📉 Productivity & Labor Costs 💼 Earnings: $COIN, $SHOP, $WBD, $TTD, $DKNG, $COP
Friday
🌬️ No major economic data or earnings. Finally, a breather (probably not).
🔮 Trades & Gains Takeaways
✅ Buffett transition is a vibe check — watch $BRK closely ✅ Powell’s press Q&A will shake up risk assets ✅ Earnings roulette: Tech is still in play, but less forgiving ✅ Tariffs + Fed = every day is a macro day ✅ “Sell in May” may get wrecked by AI FOMO and dark pool flow
Get your caffeine, check your charts, and remember — just because the market looks calm doesn’t mean it isn’t quietly on fire.