SPDR Portfolio S&P 500 ETF

SPLG

Market cap $88.4B

Wall Street's biggest financiers say the economy remains healthy.

The three major US indices all look to recover in the early hours of Wednesday, as we continue to see a lot of volatility out there.

You can catch Trader Talk on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Is the market rally running out of steam?

The three major indices in the US all look a bit soft in the premarket hours of Tuesday, and as a result, we could have a bit of buying opportunity presenting itself with just a bit of help.

Is past and present stock market performance a good predictor of how the market will perform in the future? It can be sometimes.

The U.S. stock market has been abnormally volatile this year. The S&P 500 (^GSPC 1.56%) crashed when President Donald Trump announced sweeping tariffs in April, falling 10.5% to record its fifth biggest two-day drop in history.

I hope you had a nice weekend despite that nasty turn lower on stocks we saw on Friday. As you know, the move came after Trump threatened to impose new tariffs on China, following China's own restrictions and tighter export controls on rare earth metals, which are crucial for the tech sector.

The trading week ending on Friday, 10 October 2025, saw the S&P 500 (SPX) drop over 2.4% from its previous week's close. All of that loss came on Friday, 10 October 2025, which fully qualified as interesting after President Trump indicated he was considering breaking off a meeting with China's premier and was considering new, large tariffs on China.

According to LSEG, there will be 35 S&P 500 companies reporting this week, a lot of them from the financial sector. The forward 4-quarter estimate this week fell one thin dime to $293.87, from $293.97 last week. The energy sector has become almost completely irrelevant to the S&P 500.

Morgan Stanley warned that a fresh round of trade tensions, if not resolved, will cause a bigger drop for stocks than expected.