Good evening. The S&P 500 ended the week up 1.5%. 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

• $DKNG
Break above 35.88 🎯 37.08 & 38.12
• $PLTR
Break below 119.91 🎯 112.07 & 106.91
• $DIS
Break above 115.70 🎯 118.20 & 120.40
• $JPM
Break above 269.52 🎯 278.74 & 281.13
• $NKE
Break above 63.75 🎯 64.96 & 66.59
• $TSLA
Break above 310.37 🎯 324.55 & 332.05

KV’s S&P 500 Levels

Weekly Market Recap

Steady Job Growth

May’s jobs report offered relief, with 139,000 jobs added and unemployment steady at 4.2%, signaling a cooling but resilient labor market. Strength in health care and hospitality offset losses in manufacturing and government jobs. Despite some downward revisions and participation rate dips, wage growth is outpacing inflation. This steady data gives the Fed room to stay patient on rates.

Markets Regain Momentum

The MSCI All Country World Index hit a record, while the S&P 500 surged nearly 20% off April lows. Trade tensions have eased, economic data held firm, and earnings continue to grow. Though valuations have risen and global equities may face volatility, optimism for 2026 stimulus, both fiscal and monetary, is helping investors look ahead. Resilient fundamentals remain the rally’s backbone.

Earnings Stay Strong

S&P 500 earnings rose 12.5% in Q1, with tech and communication services leading. AI-related capex continues fueling gains, while forecasts remain positive into 2026. Still, upcoming tariff deadlines, Fed policy meetings, and debt-ceiling debates may bring volatility. But strong GDP estimates and moderating inflation suggest room for growth ahead, with both stocks and bonds playing key roles.

Coming Up…

Important economic releases this week include Core CPI and Core PPI data. On the earnings front, ADBE, ORCL, GME, CHWY, and VSCO are expected to report this week.

Key Headlines We’ve Been Reading

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

• A fatal Tesla crash shows the limits of full self-driving.
• Trump obscures medicaid cuts in bid to pass massive tax bill.
• BYD’s misfire with price cuts sparks $20 billion stock selloff.
• Ukraine’s drone arsenal shocked Russia, changed modern warfare.
• Big tech is back in S&P 500 driver’s seat as profit engines hum.

Trading Quote Of The Week

That was it for this week!

Stay safe,
KV 👋

Week #23 | June 8, 2025

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