📬 JR28 Weekly Market Outlook
June 2nd – June 6th, 2025
“The edge isn't found in the noise. It's built in your process.”
✨ Weekly Inspiration
"Your job isn’t to predict the future—it’s to prepare your edge for whatever it brings."
This week: Clarity over control. Process over prediction.
⚠️ What Moved the Market in May 2025
Markets were volatile in May, driven by tariff headlines, inflation data, and a cautious Fed stance.
📈 Performance Recap:
SPY: +6.28% QQQ: +9.18% IWM: +5.24%
Tech led on AI/crypto optimism. Small caps rebounded late after lagging on trade concerns.
🔥 Key Drivers of Volatility
🇨🇳 China Tariffs: Trump’s May 30 accusation of trade violations (after April’s 145% tariff hike) triggered futures drop (S&P -0.5%, Nasdaq -0.7%).
🇪🇺 EU Tariffs: 50% tariffs announced May 23 (effective June 1) hit global markets. Delay to July 9 (May 26) sparked a rally.
📈 May 12 Relief Rally: A 90-day China tariff pause drove Nasdaq +4.35%, SPX +3.26%.
📊 Economic Data Highlights
CPI (Mid-May): 2.3%. Hot core reading sparked May 19 selloff (S&P -1%, Nasdaq -1.3%), quickly reversed by dip-buyers.
PCE (Late May): Core 2.6% (in-line), Headline 2.1% (below forecast).
→ Week ending May 30: SPX +1.88%, QQQ +2.01%
🏦 Federal Reserve’s Cautious Stance
May 7: Fed flagged sticky inflation + Q1 GDP -2.7% → Cut odds fell to 36.6%
VIX held elevated after April’s spike to 52.33
→ Result: No cuts in sight, risk remained high
🧩 Other Market Influences
May 28: Court overturned Trump tariffs → SPY +1.5%, QQQ +2%, IWM +1.9% premarket
Later reinstated during appealMay 19: Coinbase added to S&P 500 → Boosted crypto/tech sentiment
Macro Pressure:
• GDP: -2.7% • 10Y Yield: 4.39% by May 16
• Small caps pressured but recovered on tariff relief + retail flow
📅 Upcoming Economic Events (June 2–6, 2025)
📈 Key Earnings
Tue (Jun 3): CrowdStrike (CRWD)
Wed (Jun 4): MongoDB (MDB), Dollar Tree (DLTR)
Thu (Jun 5): Lululemon (LULU)
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📈 Index Forecast: Navigating SPX, QQQ & IWM
SPX Recap & Outlook
Last Week Recap:
Our game plan: “If 5762 holds, we could bounce back toward 5960–6009.”
→ SPX opened above 5767 and rallied straight to 5942 — bounce confirmed.
This Week’s Gameplan:
🔑 Key Level: 5866
Above: Target 6009
Below: Watch 5762, then open gap at 5691
QQQ Outlook
Holding above 504 keeps the trend bullish
Above 504: ATH retest near 540
Below: Gap fill likely toward 491
IWM Outlook
Still inside prior week — neutral until a break
🔍 Watching 210–214 zone
Breakout above: Rally to 221
221: Major resistance + trigger for small-cap strength
📌 A confirmed breakout above 221 could signal broad market rotation and upside momentum into June.
⚙️ Stocks to Watch: Trade Setups
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