Market is Closed So Do This

The markets might be closed for Memorial Day 🇺🇸, but the week ahead is anything but quiet. Here are the top 4 stories that will shape the market outlook — and what you should be watching:

🔎 1. Fed Signals + PCE Inflation: A Critical Macro Week

It’s a short week, but macro data takes center stage. FOMC minutes drop Wednesday, and PCE inflation data lands Friday. These will heavily shape rate expectations heading into H2. If the Fed’s tone leans hawkish or inflation surprises hot, expect volatility. The market’s soft-landing narrative is getting tested again.

📊 Investor takeaway: Watch for Treasury yield reactions — tech and growth stocks will feel it first.

🚨 2. EU Tariff Tensions: 50% Threat Delayed (For Now)

Trump spooked markets over the weekend with a surprise 50% tariff threat on the EU — then backed off slightly, announcing a delay until July 9 after a call with EU leadership. Still, the tone is clear: trade friction is back. Investors will be watching for EU retaliation and its potential hit on multinational earnings.

🌍 Investor takeaway: Tariff risks are back on the board — stay cautious on global-exposed names, especially in autos and luxury.

🤖 3. Nvidia Earnings Wednesday: The AI Trade’s Next Big Test

All eyes are on $NVDA this Wednesday. Analysts expect 65% YoY revenue growth and strong AI infrastructure demand to continue. But here’s the twist: Nvidia is preparing a downgraded Blackwell-based AI chip for China, after the U.S. banned its high-end Hopper chips. A lower-priced chip may help retain market share — but could squeeze margins.

💥 Investor takeaway: Blowout numbers might already be priced in — guidance and China strategy could move the needle.

🚀 4. Musk Goes All-In (Again): XAI, Tesla, and Starship

After weekend outages likely tied to a data center fire, Elon Musk is back sleeping on floors — literally. He says he’s “back to 24/7 at work” to fix XAI and Tesla operations. It’s vintage Elon: intense, chaotic, and probably leading to some massive rollout announcements in the near future.

⚡ Investor takeaway: Don’t be surprised if Tesla/XAI news flow ramps up fast — Starship launches next week, and optimism could lift sentiment.

🧠 Final Thoughts:

Between inflation prints, AI hype, geopolitical risks, and Musk’s work marathon, this week might be short on days but long on market-moving moments. I see the market recovery as intact but it will be choppy along the way.

📉 Markets Closed Today? Let’s Still Make It Count 💥

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Invest with Pete

🚨‼️ By the way, I’ll never PM anyone on telegram or any other social media platforms. If you receive any “Pete” messaging you, these are scammers impersonating me. Pls beware!

The information provided in this newsletter is for informational purposes only and does not constitute financial advice. Readers should seek their own independent financial advice before making any investment decisions. Please note that while Pete is a portfolio manager, the opinions expressed in this newsletter are his own and do not represent the views of any organization. Always perform your own research and due diligence before investing.