Weekly Stock Market Update & SPY Technical Analysis Investors are eager to return to the markets this week after the White House signaled that phones, computers, and chips will be excluded from Trump’s tariffs—a move that could push markets back toward their all-time highs. The technology sector accounts for more than 30% of the S&P 500, and that 30% played a major role in the 2024 rally, contributing to over 50% of the total gains. What’s important to note about this market correction is that it wasn’t caused by economic weakness or a black swan event—it was politically driven. Great stocks found themselves caught in political rhetoric, which also came as a shock to the economic outlook but hasn’t had...
Weekly Stock Market Update & SPY Technical Analysis Markets booked their fastest correction on record last week, leaving two major indexes in bear market territory heading into the weekend. The Nasdaq Composite Index and the Russell 2000 are now both more than 20% below their all-time highs, with the S&P 500 and Dow Jones catching up quickly. The sell-off that began earlier this year intensified after Trump’s “Liberation Day” announcement of unprecedented tariffs encompassing all major global trading partners. Markets around the world trembled in response, and analysts quickly adjusted their economic outlook. Most notably, JPMorgan raised the odds of a recession to 100% this year. Previous tariff announcements from Trump were often followed by quick reversals, but this time,...
Weekly Stock Market Update & SPY Technical Analysis Investors are eager to close out a highly volatile March on Monday and move into a new month, hoping for a turnaround. April marks the start of the second quarter, which means many companies will begin reporting earnings, starting with financial institutions in the second week of the month. For now, let’s focus on what’s coming up in the first week, beginning with this week’s economic data. This week brings key reports on construction spending, ISM Manufacturing, and labor market data. The construction spending report is significant because it serves as a key economic indicator, reflecting the health of the construction industry and the broader economy. Policymakers use this data to shape...
Weekly Stock Market Update & SPY Technical Analysis Markets attempted a rebound last week as tariff concerns took a backseat and attention shifted toward monetary policy and interest rates. The Federal Reserve’s FOMC meeting sparked strong buying activity after policymakers decided to leave rates unchanged—an outcome widely expected by investors. Fed Chair Jerome Powell reaffirmed the central bank’s commitment to bringing inflation down to its 2% target, a battle that has persisted for over two years and remains a key market focus. The Fed emphasized that future rate decisions will be data-driven, making this week’s Personal Consumption Expenditures (PCE) Price Index a critical report, as it will provide the latest inflation reading for the U.S. economy. Over the past 12...
Weekly Stocks Market Update & SPY Technical Analysis After falling 10% from its recent all-time highs, the S&P 500 officially entered correction territory last week. Historically, investors who buy the market at a 10% correction have typically seen double-digit returns on their purchases within the following two years. However, uncertainty is higher this time, leaving many to wonder whether it's too early to buy the dip. In reality, no one truly knows the perfect time to buy, so perhaps the real question is not when to buy, but what to buy. If you’re looking to take advantage of this market pullback, consider adding strong index funds like SPY or VOO to your portfolio. You can also follow our weekly watchlists,...
