Nightly $SPY / $SPX Scenarios for May 29, 2025

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🔮 Nightly SPY / SPX Scenarios for May 29, 2025 🔮
🌍 Market-Moving News 🌍

🚫 U.S. Trade Court Blocks Tariffs
A federal trade court struck down key sections of President Trump’s steel and aluminum tariffs, sending U.S. stock futures sharply higher as investors anticipate reduced input costs for industrials and manufacturers

🌐 Markets Drift on Lack of Fresh Catalysts
Global equity markets showed muted moves today—stocks dipped and bond yields rose—as traders awaited new drivers of direction, with Nvidia’s (NVDA) mixed earnings doing little to spark a decisive trend

📈 Bond Yields Climb, Pressuring Equities
The U.S. 10-year Treasury yield pushed above 4.6%, its highest in a month, on concerns over federal borrowing and fading rate-cut expectations, dragging the S&P 500 down more than 1% by midday

📊 Key Data Releases 📊
📅 Thursday, May 29:

8:30 AM ET: Advance Q1 GDP
Provides the first estimate of U.S. economic growth in Q1, a critical gauge of recession risk and Fed policy direction.

8:30 AM ET: Personal Income & Spending (April)
Tracks household earnings and outlays, offering insight into consumer resilience amid rising living costs.

⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.

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