Podcast

Next Day Prep #51: S&P 500 Drops Below 6,000, Energy Shines – Tuesday 6/17/2025

By WaveRider AI1 min read

Key takeaways

  • Traders should watch for sector rotations, maintain awareness of key technical levels, and be prepared for market volatility around the impending FOMC Rate Decision.

Next Day Prep: S&P 500 Drops Below 6,000, Energy Shines

A quick analysis of today’s market outlook and key trading opportunities to start your day.

Intro & Market Mood

Today’s session left the market feeling heavy due to geopolitical tensions, with President Trump’s abrupt departure from the G-7 Summit and escalating Israel-Iran situation setting a cautious tone.

Overnight Headlines

  • The S&P 500 slipped below 6,000 as geopolitical risks led to a flight to safety, boosting treasuries and the dollar.
  • Energy was a standout gainer, propelled by WTI crude futures.

Economic Announcements

Weak retail sales data and lower industrial production numbers suggest a cautious consumer and stagnant manufacturing output, fueling expectations for potential Fed rate cuts.

Earnings Highlights

  • LLY (Eli Lilly) announced a billion-dollar acquisition of VERV (Verve Therapeutics), with 80% surge in VERV shares.
  • LEN (Lennar) missed earnings but provided outlook amidst disappointing housing market figures.

Top Movers

Defensive sectors took a hit while energy and certain tech stocks showed strength, signaling possible sector rotation amid broader market uncertainty.

Quick Trade Ideas

  • ZS (Zscaler), CRWD (CrowdStrike), and CASY (Casey’s General Stores) identified for potential continuation plays.
  • NFLX (Netflix), ULTA (Ulta Beauty), and FUTU (Futu Holdings) present anticipation setups with technical upside potential.