Market Update: Tech Surges, Fed Eyes Cuts

Fresh news and strategies for traders. SPY Trader episode #1330.
This episode covers the latest market movements, with major US indices closing higher, led by strong performance in technology and communication services, especially in AI and cloud computing sectors. It details the impact of new 'reciprocal' tariffs, Q2 earnings reports from key companies like Apple, Nvidia, Eli Lilly, and Duolingo, and macroeconomic factors including the 'concerning' July jobs report, rising inflation, and strong expectations for Federal Reserve rate cuts. The episode concludes with investment strategies, recommending diversified portfolios with a focus on resilient technology, strategic defensive plays like bonds, and a cautious approach to overvalued sectors.