**Podcast Summary:**
Welcome to "Next Day Prep - What We Are Watching Tomorrow" by WaveRider.ai, where we dissect today’s market movers and anticipate tomorrow’s trading opportunities.
**(01:08) Key Market Recap:**
- Markets react to positive May employment report, pushing S&P 500 above key level.
- Treasury yields spike, impacting Fed rate cut expectations.
- Dollar strengthens with rising rates, leading to broad market strength.
- S&P sectors show strong performance with notable stock movements.
**(03:54) Index Insights:**
- SPY and QQQ indicating consolidation with key levels for support and resistance.
- VXX stability hints at prevailing calmness amidst slight fluctuations.
**(05:42) Sectoral Analysis:**
- Materials and Real Estate show interest, while Utilities hint at defensive posturing.
- Sector rotation with no clear dominance observed.
**(07:05) Detailed Market Data Analysis:**
- Delve into the nuances of the employment report and consumer credit numbers.
- Impact of economic data on Fed rate cut expectations and consumer sentiment.
**(09:36) Macroeconomic Landscape:**
- US-China trade talks and Elon Musk's market commentary influence investor sentiment.
- Mixed signals in global trade dynamics and economic outlook.
**(11:11) Earnings Snapshot:**
- LULU, DOCU down on guidance concerns, while TSLA, AVGO, RBRK register positive moves.
- Future earnings to watch for potential market impact.
**(13:04) Trading Insights:**
- Analysis of continuation breakouts in biotech and tech sectors.
- Stocks showing anticipation setups and those on the watchlist for potential moves.
**(14:58) Analyst Actions:**
- Noteworthy upgrades for DE, INVH, MTZ, and SRPT.
- Downgrades affecting LULU, DOCU, CRWD, MCD, among others.
- Company-specific news from AMZN and AAP.
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The post Next Day Prep: Market Signals S&P 500 Surges, Yields Spike – Friday 6/06/2025 first appeared on WaveRider Reads: Trading Books Unpacked.