Mark Minervini shares what's worked for him over his long trading career and talks about how to invest in the stock market now.
US stock futures have been searching for direction ahead of full Wall Street trading beginning on Monday after President Trump authorised the 'bunker buster' bombs being dropped on three nuclear sites in Iran. Stock index futures gapped lower overnight on the news, with S&P 500 futures sinking towards 5,900, the index's lowest level since the beginning of the month.
Important news on taxes and spending, tariffs, and what role the U.S. will play in the Israel-Iran war could land as the market heads into earnings season.
Like Q1 earnings, which were pretty strong, the 2nd quarter 2025 could also be above average, but with the reciprocal tariffs set to expire July 8th, perhaps we are looking at another very cautious quarter of guidance for Q3 '25 earnings. In addition, Q2 '24 is facing slightly easier compares against Q2 '24 from last year. While the Q2 '25 and Q3 '25 expected S&P 500 EPS growth rate have been revised sharply lower, Q3 '25 EPS is still holding up slightly better.
Tariffs and the widening Middle East conflict are casting clouds over the stock market's June gains, with a potentially turbulent summer ahead after the S&P 500's recent push toward its record high.
The S&P 500 posted its second straight weekly loss, finishing down 0.2% from the previous Friday. The index is now sitting 2.87% below its record close from February 19th, 2025.
The index has soared, regardless of considerable economic and policy risks.
Semiconductor stocks, led by Micron, are among the month's best performers, while Coinbase shares have benefited from the craze over stablecoins.
Citi thinks the impact of the Israeli-Iranian conflict is short-term and the S&P 500 will ride it out, as it has previous conflicts.
These companies have reduced their share counts the most over the past 10 years
The Vanguard S&P 500 Index ETF provides unhedged currency exposure to the S&P 500 for Canadian investors. Measured in Canadian dollars, VFV is marginally down so far in 2025, trailing the performance of large-cap Canadian stocks. Despite recent underperformance, the S&P 500 still trades at a 25% higher trailing P/E multiple relative to stocks held in the FTSE Canada Domestic Index.
The S&P 500 fell 1.1% on Friday amid geopolitical tensions, resulting in a 0.4% loss for the week. The index is now sitting 2.72% below its record close from February 19th, 2025.