Wholesale and retail inventories for March remained unchanged from the previous month. At 9 a.m., the House Price Index will be released, followed by Job Openings and Consumer Confidence data at 10 a.m. However, these are lagging indicators and are expected to have limited impact on the broader market — unless the results are exceptionally strong or weak.
Trump marks his 100th day in office, and the White House plans to announce a series of achievements. That said, the market has already made its judgment: the S&P has recorded its worst 100-day performance in history. Media reports suggest Trump may soften his stance on tariffs related to automobiles and parts.
Following the strong rebound in the previous week, the market is now approaching a key medium-to-long-term resistance zone. For SPY, intraday key levels remain consistent with yesterday’s pre-market guidance. The upside resistance remains in the $550–555 area, while yesterday’s low around $545 continues to serve as a key downside level to watch.
Among earnings reports:
• SPOT -7%
• GM -3%
• HON +5%
• In healthcare, REGN -6%.
Looking ahead, Microsoft (MSFT) and Meta (META) report after the close on Wednesday and again on Thursday — these will be major focal points for the market this week.
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