Market Action For Last Week
- S&P 500 ETF (SPY)
- Last Friday's Closing Price (April 25, 2025): $550.64
- This Friday's Closing Price (May 9, 2025): $565.06
- Point Gain/Loss: +14.42
- Percent Gain/Loss: +2.62%
- Nasdaq-100 ETF (QQQ)
- Last Friday's Closing Price (April 25, 2025): $472.56
- This Friday's Closing Price (May 9, 2025): $488.29
- Point Gain/Loss: +15.73
- Percent Gain/Loss: +3.33%
- Russell 2000 ETF (IWM)
- Last Friday's Closing Price (April 25, 2025): $194.12
- This Friday's Closing Price (May 9, 2025): $201.18
- Point Gain/Loss: +7.06
- Percent Gain/Loss: +3.64%
Upcoming Major Economic Reports and Potential Market Moving Events
- Monday, May 12, 2025
- No major economic reports scheduled.
- Tuesday, May 13, 2025
- US Inflation Data: Consumer Price Index (CPI) for April.
- UK Economic Data: March output data and preliminary Q1 GDP figures.
- Wednesday, May 14, 2025
- Japan GDP: First-quarter GDP announcement.
- Thursday, May 15, 2025
- Fed Chair Jerome Powell Speech: Insights into future monetary policy.
- US Retail Sales Data: April retail sales report.
- Friday, May 16, 2025
- S&P Global Investment Manager Index: Insights into risk sentiment and sector preferences.
Upcoming Major Stock Earnings Reports
- Monday, May 12, 2025
- Sea Limited (SE): Time not specified.
- Nu Holdings (NU): Post-market.
- Simon Property Group (SPG): Post-market.
- Tuesday, May 13, 2025
- Cisco Systems (CSCO): Post-market.
- Wednesday, May 14, 2025
- Copart (CPRT): Post-market.
- Thursday, May 15, 2025
- Walmart (WMT): Before market open.
- Alibaba (BABA): Post-market.
- Deere & Company (DE): Post-market.
- Applied Materials (AMAT): Post-market.
- Take-Two Interactive (TTWO): Post-market.
Market Outlook
For the next 30 days, I am neutral on the market. While there are signs of recovery with recent gains in major indices, the market is still trading at a discount to its fair value. Key risks such as US-China trade policy uncertainty, potential economic slowdown, inflation concerns, and interest rate decisions by the Federal Reserve remain. These factors, along with upcoming economic data releases and earnings reports, will significantly influence market movements. Strategic vigilance is essential in navigating the current market landscape.