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๐๐ After its best May since 1989, the S&P 500 is staring down a minefield of macro risk.
Hereโs your June 3โ7 weekly outlook:
๐ Market Snapshot:
S&P 500: +6% in May
Nasdaq: +10%
Dow: +4%
๐งจ Whatโs Moving the Market:
โ
Trumpโs tariff rollercoasterโpause, un-pause, now tech sanctions?
โ
May jobs report drops Fridayโwatch wage growth + labor force trends
โ
Tech earnings taper off, but $CRWD, $AVGO, and $LULU still in play
โ
The โMagnificent Sevenโ are dominating earnings againโup 27.7% YoY
โ
Key levels: S&P faces resistance at 5,950
โ ๏ธ What to Watch:
Will weaker jobs data bring Fed rate cuts back into focus?
Will China tensions weigh on growth stocks?
Will Big Tech continue to float the entire market?
๐ฎ T&G Takeaway:
Caution is king this week. Tighten your stops. Let the data do the talking.
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