Good evening. The S&P 500 ended the week up 4.6%. Here are the top stocks to watch this week, and what’s moving the markets.

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Top Stocks & Setups To Watch This Week

• $TSLA
Break below 259.51 🎯 237.97 & 221.86
• $MS
Break below 111.24 🎯 106.30 & 100.92
• $NKE
Break above 59.55 🎯 62.65 & 64.96
• $V
Break below 331.40 🎯 320.10 & 311.15
• $NVDA
Break above 112.20 🎯 118.84 & 124.92
• $SHOP
Break below 95.12 🎯 89.41 & 85.71

KV’s S&P 500 Levels

Weekly Market Recap

Tariff Relief Signs

After the sharp market selloff tied to the April 2 tariffs, there are now signs of softening from the U.S. administration. A 90-day pause, potential tariff cuts on China, and progress in talks with South Korea and India suggest peak trade uncertainty may be behind us. While volatility has cooled and optimism is creeping back, investors should expect some ongoing back-and-forth as trade negotiations continue.

Fed Patience Ahead

With threats to the Fed’s independence easing and growth forecast to slow toward 1.5%–1.7%, policymakers are in no rush to act. Inflation may rise near 4% but could fall later this year as demand softens. Markets are now pricing in two to three Fed rate cuts by year-end. Treasury yields have stabilized, but much will depend on how trade impacts the broader economy over the summer months.

Recovery With Risks

The S&P 500 has rallied 10% off the April lows, but remains 10% below its February peak. A full recovery will require more concrete trade deals, not just softer rhetoric. History suggests volatility could linger, but economic fundamentals like strong consumer balance sheets and low unemployment should help prevent a deep downturn. Earnings season and trade outcomes will set the tone for the rest of 2025.

Coming Up…

Important economic releases this week include PCE inflation data and first-quarter GDP. On the earnings front, MSFT, META, AMZN, AAPL, SOFI, PYPL, HOOD, RIOT, V, SBUX, UPS, PFE, RCL, XOM, SNAP, QCOM, SPOT, RBLX, ABNB, and CAT are expected to report this week.

Key Headlines We’ve Been Reading

This is what’s caught our eye over the past 7 days.

• U.S. slaps 3,521% tariffs on solar imports—SolarBank CEO shares growth strategy.
• Russia resumes fighting in Ukraine after 30-hour ‘Easter truce’.
• Japan’s biggest life insurer to reduce Its Yen-bond holdings.
• European stocks recover as sentiment improves.
• Chinese tech companies eye US listings amid market turmoil, trade war.

Trading Quote Of The Week

That was it for this week!

Stay safe,
KV 👋

Week #17 | April 27, 2025

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