Stocks took a breather after a 9-day win streak. Kevin Green cites headline risk and technical pullback as key drivers. Despite this, he notes the S&P 500 (SPX) 50-day moving average remains a crucial support level. Kevin also weighs in on the E.U.'s plan to tariff $100B in U.S. goods if trade talks fail and the potential impact on markets. He expects a "very difficult" FOMC meeting, with a focus on June rate cuts and quantitative easing. KG also breaks down Palantir's (PLTR) earnings, which saw strong commercial growth but a miss on guidance, leading to a 8% pre-market drop.
Morning Movers
06 May 2025
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