Morning Market Notes 04-30-25
Market Calendar
$SPX & $QQQ
On Monday and yesterday’s notes, we wrote that the Liberation gap was likely this week—and that’s exactly what we got in the last intraday session.
We also mentioned our longer-term view on a Bear Market level retest hasn’t changed, and today we’re seeing a contracted GDP print bringing S&P futures down almost -1.5% pre-market.
Is it the beginning? I wouldn’t jump to that conclusion just yet—we still need to see what kind of earnings we get from the big guys and how the U.S. Jobs numbers come in on Friday with NFP. ADP printed badly, but remember—we stopped trusting them a long time ago.
Oh, and by the way—yeah, unc2.0 is my play for the day.
Let's have a sesh.
