{"id":77813,"date":"2025-06-06T14:57:52","date_gmt":"2025-06-06T18:57:52","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=77813"},"modified":"2025-06-06T14:59:42","modified_gmt":"2025-06-06T18:59:42","slug":"10-things-you-need-to-know-trump-musk-fight","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2025\/06\/06\/10-things-you-need-to-know-trump-musk-fight\/","title":{"rendered":"10 Things You Need to Know &#8211; Trump vs. Musk Edition"},"content":{"rendered":"<p>What a week! We just saw:<\/p>\n<ul>\n<li>President Trump and Elon Musk enter a war of very unkind words<\/li>\n<li>President Trump make nice with China<\/li>\n<li>A surprise catalyst for the &#8220;Ultimate Trump Trade&#8221;<\/li>\n<li>A better-than-expected jobs report<\/li>\n<li>A sign of life in a &#8220;left for dead&#8221; sector<\/li>\n<\/ul>\n<p>And a whole lot more! So let's dig into the 10 Things You Need to Know About Markets Right Now:<\/p>\n<h2>1. President Trump and Elon Musk Went to War<\/h2>\n<p><a href=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-77815\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7.png\" alt=\"\" width=\"580\" height=\"329\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7.png 1338w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7-300x170.png 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7-1024x581.png 1024w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7-150x85.png 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7-768x436.png 768w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7-80x45.png 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7-220x125.png 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7-176x100.png 176w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7-264x150.png 264w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7-420x238.png 420w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7-732x415.png 732w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7-859x487.png 859w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/1-7-1049x595.png 1049w\" sizes=\"(max-width: 580px) 100vw, 580px\" \/><\/a><\/p>\n<p>Elon Musk went to war with President Trump this week thanks to the &#8220;big beautiful bull&#8221; being stuffed with more pork than a bacon convention.<\/p>\n<p>Musk did not hold back, with these messages getting over 260 million views on Twitter.<\/p>\n<p><a href=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.20.47-PM.png\"><img decoding=\"async\" class=\"alignnone wp-image-77818\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.20.47-PM.png\" alt=\"\" width=\"405\" height=\"222\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.20.47-PM.png 611w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.20.47-PM-300x164.png 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.20.47-PM-150x82.png 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.20.47-PM-80x44.png 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.20.47-PM-220x121.png 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.20.47-PM-182x100.png 182w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.20.47-PM-274x150.png 274w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.20.47-PM-434x238.png 434w\" sizes=\"(max-width: 405px) 100vw, 405px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.19.51-PM.png\"><img decoding=\"async\" class=\"alignnone wp-image-77817\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.19.51-PM.png\" alt=\"\" width=\"453\" height=\"236\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.19.51-PM.png 614w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.19.51-PM-300x156.png 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.19.51-PM-150x78.png 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.19.51-PM-80x42.png 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.19.51-PM-220x115.png 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.19.51-PM-192x100.png 192w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.19.51-PM-280x146.png 280w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-1.19.51-PM-457x238.png 457w\" sizes=\"(max-width: 453px) 100vw, 453px\" \/><\/a><\/p>\n<p><strong>Tesla<\/strong> (TSLA) stock took a beating, dropping 14% this week while tech stocks were up.<\/p>\n<p>However, the President did not go scorched-earth in response, and news reports indicate that Trump and Musk might reconcile.<\/p>\n<p>And, <span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.cnn.com\/politics\/live-news\/trump-elon-musk-news-06-06-25\">a CNN source<\/a><\/strong><\/span> reported that President Trump told Vice President JD Vance to &#8220;speak diplomatically&#8221; about the mess.<\/p>\n<p>So in keeping with the news flow rollercoaster, maybe Trump and Musk will make nice a la Zoolander and Hansel:<\/p>\n<p><iframe title=\"Zoolander - I Was Wack\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/3NPGpUHWlXM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Tesla longs are hoping for that.<\/p>\n<h2><strong>2. We Need to Give Sami Abusaad a Shout-Out<\/strong><\/h2>\n<p>Last weekend, <span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/blog.t3live.com\/2025\/06\/02\/sami-abusaad-record-highs\/\">Sami said<\/a><\/strong><\/span> the market was heading back to all-time highs.<\/p>\n<p><iframe title=\"Actionable Swing Trade Ideas for June 2 \u2013 6, 2025 | Market Update\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/KvtNggGI9Uo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Sami said:<\/p>\n<ul>\n<li>Forget the news flow<\/li>\n<li>Forget bond yields<\/li>\n<li>Forget the futures markets<\/li>\n<\/ul>\n<p>And just focus on the price action.<\/p>\n<p>As we write this on Friday at 1:27 pm ET, <strong>SPY<\/strong> is up 1.5% for the week and <strong>QQQ<\/strong> is up over 2%.<\/p>\n<p>By the way, Sami put 54% of his IRA into a very unusual ETF.<\/p>\n<p><span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/blog.t3live.com\/2025\/06\/04\/invest-in-china-sami\/\">Get it here<\/a><\/strong><\/span>.<\/p>\n<h2>3. The Economy Is Alive and Kicking<\/h2>\n<p>While the doomsday crowd expects the US economy to fold because of tariff-related strife&#8230; things are humming along.<\/p>\n<p>Friday's nonfarm payrolls report was better-than-expected.<\/p>\n<p>Traders were bracing for a mess because of Wednesday's weak ADP report.<\/p>\n<p>But the US economy remains alive and kicking.<\/p>\n<p>Another positive sign: JOLTS Job Openings came in above expectations, meaning US companies are still looking to hire.<\/p>\n<h2><strong>4. The Mood Is Still Sour<\/strong><\/h2>\n<p>AAII Sentiment came in at 32.7% bullish this week, in-line with last week's reading.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GssIPfXX0AAmAoD?format=jpg&name=4096x4096\" alt=\"Image\" \/><\/p>\n<p>This is well off the February and March lows, which preceded &#8220;Liberation Day,&#8221; which sent the US-China conflict into high gear.<\/p>\n<p>However, we're still below the 37.5% long-term average.<\/p>\n<p>In fact, we haven't had an above-average reading since January 29.<\/p>\n<p>So the mood remains sour.<\/p>\n<h2><strong>5.\u00a0 The Ultimate Trump Trade Gets a New Catalyst<\/strong><\/h2>\n<p>We've talked extensively about the huge outperformance in stocks that benefit from financial market volatility, namely:<\/p>\n<ul>\n<li><strong>Robinhood<\/strong> (HOOD): +189% since the election<\/li>\n<li><strong>Interactive Brokers<\/strong> (IBKR): +34%<\/li>\n<li><strong>Coinbase<\/strong> (COIN): +32%<\/li>\n<li><strong>Charles Schwab<\/strong> (SCHW): +24%<\/li>\n<\/ul>\n<p><a href=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.10.46-PM.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-77820\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.10.46-PM.png\" alt=\"\" width=\"708\" height=\"575\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.10.46-PM.png 708w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.10.46-PM-300x244.png 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.10.46-PM-150x122.png 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.10.46-PM-80x65.png 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.10.46-PM-220x179.png 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.10.46-PM-123x100.png 123w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.10.46-PM-185x150.png 185w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.10.46-PM-293x238.png 293w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.10.46-PM-511x415.png 511w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.10.46-PM-600x487.png 600w\" sizes=\"(max-width: 708px) 100vw, 708px\" \/><\/a><\/p>\n<p>But a new catalyst for two of these names may be on the horizon.<\/p>\n<p>S&P Global will report new additions to the S&P 500 after the close on Friday.<\/p>\n<p>And <strong>Robinhood<\/strong> (HOOD) and<strong> Interactive Brokers<\/strong> (IBKR) both have a chance to be added by virtue of their large market caps &#8211; $67 billion for <strong>HOOD<\/strong> and $90 billion for <strong>IBKR<\/strong>.<\/p>\n<h2><strong>6. Left-for-Dead Biotech Shows a Sign of Life<\/strong><\/h2>\n<p>Biotech has been a mess for over a decade.<\/p>\n<p>Over the last 10 years, SPY is up 240%. And XBI is up 5%&gt;<\/p>\n<p><strong><a href=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.16.21-PM.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-77821\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.16.21-PM.png\" alt=\"\" width=\"709\" height=\"577\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.16.21-PM.png 709w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.16.21-PM-300x244.png 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.16.21-PM-150x122.png 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.16.21-PM-80x65.png 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.16.21-PM-220x179.png 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.16.21-PM-123x100.png 123w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.16.21-PM-184x150.png 184w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.16.21-PM-292x238.png 292w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.16.21-PM-510x415.png 510w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.16.21-PM-598x487.png 598w\" sizes=\"(max-width: 709px) 100vw, 709px\" \/><\/a><\/strong><\/p>\n<p>BUT&#8230; XBI managed to rally over 6% this week.<\/p>\n<p>Traders have been burned for years buying biotech dips.<\/p>\n<p>Could this be the turning point?<\/p>\n<p>It's hard to say &#8211; but keep this group on your radar.<\/p>\n<h2><strong>7. Q2 Earnings Expectations Are Crazy Low<\/strong><\/h2>\n<p>Q1 earnings season was an unqualified success, with 78% of S&P 500 companies exceeding earnings expectations, according to <span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/advantage.factset.com\/hubfs\/Website\/Resources%20Section\/Research%20Desk\/Earnings%20Insight\/EarningsInsight_060625A.pdf?hsCtaTracking=31d0f488-5c02-4193-b93b-f1708067f4fa%7Cb994622e-6b82-4c98-ad34-76c848088314\">FactSet<\/a><\/strong><\/span>.<\/p>\n<p>And here's the good news for Q2 &#8211; estimates are dropping like a rock.<\/p>\n<p>On March 31, analysts forecast 9.3% EPS growth for Q2.<\/p>\n<p>Today it's 4.9%.<\/p>\n<p>Is that crazy low? Yes.<\/p>\n<p>Is it convenient? Yes, again.<\/p>\n<p>When the bar is low, it's easy for companies to beat expectations.<\/p>\n<h2>8. Bitcoin Is Taking a Nap<\/h2>\n<p>Bitcoin went on a wild rally off the April lows.<\/p>\n<p>Last week, <span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/blog.t3live.com\/2025\/05\/30\/10-things-you-need-to-know-not-winning-bigly\/\">we asked whether Bitcoin needed a nap<\/a><\/strong><\/span> because of weakness in MicroStrategy (MSTR) and GameStop's (GME) Bitcoin purchase announcement, which spurred a sell-the-news reaction.<\/p>\n<p>Turns out, we should have shorted Bitcoin because it's under pressure:<\/p>\n<p><a href=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.26.11-PM.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-77822\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.26.11-PM.png\" alt=\"\" width=\"708\" height=\"572\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.26.11-PM.png 708w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.26.11-PM-300x242.png 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.26.11-PM-150x121.png 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.26.11-PM-80x65.png 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.26.11-PM-220x178.png 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.26.11-PM-124x100.png 124w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.26.11-PM-186x150.png 186w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.26.11-PM-295x238.png 295w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.26.11-PM-514x415.png 514w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06-at-2.26.11-PM-603x487.png 603w\" sizes=\"(max-width: 708px) 100vw, 708px\" \/><\/a><\/p>\n<p>Is this a disaster?<\/p>\n<p>Nah.<\/p>\n<p>Bitcoin went up 50% in a straight line. It deserved a nap.<\/p>\n<h2><strong>9. It's Still a Trader's Market<\/strong><\/h2>\n<p>David Prince of T3 Live's Inner Circle community argues that you need to have your trader hat on.<\/p>\n[<strong>IMPORTANT<\/strong>: David is hosting a webinar which <span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/secure.t3live.com\/david-prince-webinar-registration\/\">you can sign up for here.]<\/a><\/strong><\/span><\/p>\n<p>And with the market grinding higher, the best opportunities are &#8220;under the hood.&#8221;<\/p>\n<p>See what he means:<\/p>\n<p><iframe title=\"Jobs Report Looms LIVE with David Prince\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/dYg7XPTbj9g?start=1304&#038;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2><strong>10. You Need Some Gratitude!<br \/>\n<\/strong><\/h2>\n<p>Friday marked the 81st anniversary of the <span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.nationalww2museum.org\/sites\/default\/files\/2019-03\/D-Day-75-Fact-Sheet_0.pdf\">D-Day landing on the beaches of Normandy, France<\/a><\/strong><\/span>.<\/p>\n<p>If not for the 150,000+ brave souls from around the world that risked it all, we might not be here.<\/p>\n<p>Be grateful!<\/p>\n<p>And watch <em>Saving Private Ryan<\/em> this weekend.<\/p>\n<p>I once worked for a former Army Officer who survived the assault. He said it was the most realistic depiction of Normandy that he ever saw.<\/p>\n<p>Rest in peace, Mr. Duffy.<\/p>\n<p><iframe title=\"Saving Private Ryan (1998) Trailer #1 | Movieclips Classic Trailers\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/9CiW_DgxCnQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p>Have a great weekend folks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What a week! We just saw: President Trump and Elon Musk enter a war of very unkind words President Trump make nice with China A surprise catalyst for the &#8220;Ultimate Trump Trade&#8221; A better-than-expected jobs report A sign of life in a &#8220;left for dead&#8221; sector And a whole lot more! So let&#8217;s dig into the 10 Things You Need to Know About Markets Right Now: 1. President Trump and Elon Musk Went to War Elon Musk went to war with President Trump this week thanks to the &#8220;big beautiful bull&#8221; being stuffed with more pork than a bacon convention. Musk did not hold back, with these messages getting over 260 million views on Twitter. Tesla (TSLA) stock took a beating, dropping 14% this week while tech stocks were up. However, the President did not go scorched-earth in response, and news reports indicate that Trump and Musk might reconcile. And, a CNN source reported that President Trump told Vice President JD Vance to &#8220;speak diplomatically&#8221; about the mess. So in keeping with the news flow rollercoaster, maybe Trump and Musk will make nice a la Zoolander and Hansel: Tesla longs are hoping for that. 2. We Need to Give Sami Abusaad a Shout-Out Last weekend, Sami said the market was heading back to all-time highs. Sami said: Forget the news flow Forget bond yields Forget the futures markets And just focus on the price action. As we write this on Friday at 1:27 pm ET, SPY is up 1.5% for the week and QQQ is up over 2%. By the way, Sami put 54% of his IRA into a very unusual ETF. Get it here. 3. The Economy Is Alive and Kicking While the doomsday crowd expects the US economy to fold because of tariff-related strife&#8230; things are humming along. Friday&#8217;s nonfarm payrolls report was better-than-expected. Traders were bracing for a mess because of Wednesday&#8217;s weak ADP report. But the US economy remains alive and kicking. Another positive sign: JOLTS Job Openings came in above expectations, meaning US companies are still looking to hire. 4. The Mood Is Still Sour AAII Sentiment came in at 32.7% bullish this week, in-line with last week&#8217;s reading. This is well off the February and March lows, which preceded &#8220;Liberation Day,&#8221; which sent the US-China conflict into high gear. However, we&#8217;re still below the 37.5% long-term average. In fact, we haven&#8217;t had an above-average reading since January 29. So the mood remains sour. 5.\u00a0 The Ultimate Trump Trade Gets a New Catalyst We&#8217;ve talked extensively about the huge outperformance in stocks that benefit from financial market volatility, namely: Robinhood (HOOD): +189% since the election Interactive Brokers (IBKR): +34% Coinbase (COIN): +32% Charles Schwab (SCHW): +24% But a new catalyst for two of these names may be on the horizon. S&#038;P Global will report new additions to the S&#038;P 500 after the close on Friday. And Robinhood (HOOD) and Interactive Brokers (IBKR) both have a chance to be added by virtue of their large market caps &#8211; $67 billion for HOOD and $90 billion for IBKR. 6. Left-for-Dead Biotech Shows a Sign of Life Biotech has been a mess for over a decade. Over the last 10 years, SPY is up 240%. And XBI is up 5%&gt; BUT&#8230; XBI managed to rally over 6% this week. Traders have been burned for years buying biotech dips. Could this be the turning point? It&#8217;s hard to say &#8211; but keep this group on your radar. 7. Q2 Earnings Expectations Are Crazy Low Q1 earnings season was an unqualified success, with 78% of S&#038;P 500 companies exceeding earnings expectations, according to FactSet. And here&#8217;s the good news for Q2 &#8211; estimates are dropping like a rock. On March 31, analysts forecast 9.3% EPS growth for Q2. Today it&#8217;s 4.9%. Is that crazy low? Yes. Is it convenient? Yes, again. When the bar is low, it&#8217;s easy for companies to beat expectations. 8. Bitcoin Is Taking a Nap Bitcoin went on a wild rally off the April lows. Last week, we asked whether Bitcoin needed a nap because of weakness in MicroStrategy (MSTR) and GameStop&#8217;s (GME) Bitcoin purchase announcement, which spurred a sell-the-news reaction. Turns out, we should have shorted Bitcoin because it&#8217;s under pressure: Is this a disaster? Nah. Bitcoin went up 50% in a straight line. It deserved a nap. 9. It&#8217;s Still a Trader&#8217;s Market David Prince of T3 Live&#8217;s Inner Circle community argues that you need to have your trader hat on. [IMPORTANT: David is hosting a webinar which you can sign up for here.] And with the market grinding higher, the best opportunities are &#8220;under the hood.&#8221; See what he means: 10. You Need Some Gratitude! Friday marked the 81st anniversary of the D-Day landing on the beaches of Normandy, France. If not for the 150,000+ brave souls from around the world that risked it all, we might not be here. Be grateful! And watch Saving Private Ryan this weekend. I once worked for a former Army Officer who survived the assault. He said it was the most realistic depiction of Normandy that he ever saw. Rest in peace, Mr. Duffy. &nbsp; Have a great weekend folks.<\/p>\n","protected":false},"author":2,"featured_media":67239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-77813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/77813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=77813"}],"version-history":[{"count":7,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/77813\/revisions"}],"predecessor-version":[{"id":77826,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/77813\/revisions\/77826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/67239"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=77813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=77813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=77813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}