Key Developments:
Fed Politics: Treasury Secretary Scott Bessent called for a review of the Fed’s $2.5B HQ renovation, continuing political pressure on Jerome Powell. This adds to the uncertainty around Fed independence and rate path.
Meme Stock Surge:
Opendoor soared 121% amid a retail-driven frenzy.
Major institutional investors are also chasing the rally, pushing broader equities to record highs.
However, upcoming Alphabet and Tesla earnings could be a turning point for momentum.
Corporate News:
Hewlett Packard Enterprise suffered a $985M loss in the Autonomy case—corporate governance and M&A risks in spotlight.
Sarepta paused drug shipments amid backlash—biotech volatility rising.
LA Times plans IPO—media valuations may resurface.
Crypto Moves:
Trump Media bought $2B in Bitcoin and related assets, aiming to become a crypto treasury.
JPMorgan may lend against crypto, signaling broader institutional adoption.
Tech & AI:
MIT’s Andrew Lo predicts AI will make real investment decisions in 5 years.
OpenAI–Oracle to expand US data center capacity by 4.5 GW—significant tech infrastructure tailwind.
Conclusion for S&P 500 Trading:
The S&P 500 remains supported by strong risk appetite, AI optimism, and crypto momentum, but faces near-term tests from key tech earnings (Alphabet, Tesla). Political noise around the Fed and signs of speculative froth (meme stocks) could introduce volatility. Stay bullish with caution—watch earnings and Fed commentary closely for market direction.
Key Support and Resistance Levels
Resistance Level 1: 6340
Resistance Level 2: 6390
Resistance Level 3: 6457
Support Level 1: 6270
Support Level 2: 6224
Support Level 3: 6156
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Fed Politics: Treasury Secretary Scott Bessent called for a review of the Fed’s $2.5B HQ renovation, continuing political pressure on Jerome Powell. This adds to the uncertainty around Fed independence and rate path.
Meme Stock Surge:
Opendoor soared 121% amid a retail-driven frenzy.
Major institutional investors are also chasing the rally, pushing broader equities to record highs.
However, upcoming Alphabet and Tesla earnings could be a turning point for momentum.
Corporate News:
Hewlett Packard Enterprise suffered a $985M loss in the Autonomy case—corporate governance and M&A risks in spotlight.
Sarepta paused drug shipments amid backlash—biotech volatility rising.
LA Times plans IPO—media valuations may resurface.
Crypto Moves:
Trump Media bought $2B in Bitcoin and related assets, aiming to become a crypto treasury.
JPMorgan may lend against crypto, signaling broader institutional adoption.
Tech & AI:
MIT’s Andrew Lo predicts AI will make real investment decisions in 5 years.
OpenAI–Oracle to expand US data center capacity by 4.5 GW—significant tech infrastructure tailwind.
Conclusion for S&P 500 Trading:
The S&P 500 remains supported by strong risk appetite, AI optimism, and crypto momentum, but faces near-term tests from key tech earnings (Alphabet, Tesla). Political noise around the Fed and signs of speculative froth (meme stocks) could introduce volatility. Stay bullish with caution—watch earnings and Fed commentary closely for market direction.
Key Support and Resistance Levels
Resistance Level 1: 6340
Resistance Level 2: 6390
Resistance Level 3: 6457
Support Level 1: 6270
Support Level 2: 6224
Support Level 3: 6156
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.