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Happy Sunday
Futures are pointing towards a gap up after the Trump administration announced that tariffs will not be implemented on Mexico. President Trump tweeted after the close on Friday that the tariffs have been "suspended indefinitely" which means, we should be good for at least a couple of months before he changes his mind and threatens tariffs again. I am being sarcastic but one thing Trump has consistently been is unpredictable. China will continue to be the main concern for markets and there is some focus on the Fed and potential rate cuts after the weak employment data. The ECB floats rate cut scenario The ECB is open to lowering rates if growth weakens and/or a strong euro hurts the eurozone, according to two sources cited by Reuters. We could expect to see the same if the economy continues to show signs of softening.
Gap up days can be very challenging and after last weeks run we need to be careful not to chase. Watch this weeks to see what I will be watching.
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Last weeks Pro member stocks to watch and their performance for the week
This Weeks video
$LOVE $LOV $SPCB $AZRE $LULU $CULP $LIVX $TUFN Lots of love in this weeks video
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Economic Calendar
SourceMarketwatch.com
Highly anticipated earnings for next week
Source Earnings Whispers .com
