June 6, 2025

Markets:

Stock market futures rose Friday ahead of a key jobs report that is expected to shed light on the health of the U.S. economy.

The May nonfarm payrolls report is due out before the opening bell on Friday. Economists expect growth of 125,000 jobs, according to Dow Jones, which would represent a decline from the prior month but likely not enough of one to cause a surge in recession fears.

Some recent economic data has pointed to a slowdown in the U.S., raising questions about the impact of the multi-front tariff negotiations and the next steps for the Federal Reserve.

On Thursday, the S&P 500 fell 0.5% and the Nasdaq Composite slid 0.8%. Those indexes were weighed down by Tesla, which tumbled 14% as CEO Elon Musk sparred with President Donald Trump on social media. The Dow, which does not include Tesla, was off by 108 points, or less than 0.3%.

Earnings reports could also be a key theme on Friday. Broadcom, Lululemon and Docusign all moved lower in extended trading after releasing their quarterly reports.

Portfolio:

What a wild session yesterday headline by an online feud between President Trump and Elon Musk.  But, this has generated massive opportunity across a number of sectors.  Now this morning we have the headline:  TRUMP AIDES SCHEDULED FRIDAY CALL WITH MUSK: POLITICO

Let's jump into the technical of it.  SPY 595 needs to be reclaimed soon for 600. Market overall looks bullish inspire of the shenanigans that we saw between Trump and Elon.  600 breaks and we could see a massive flow run / rally.

Right now staying patient.  We like our holdings over the next week and feel we are positioned well (TSLL and PCT).  One positive headline from Musk / Trump and this market runs hard short term.  It almost seems planned…