Markets Pull Back Aggressively Into CPI Week — What's next + Free Trade Idea
Hey Traders,
Markets pulled back this week as stronger-than-expected economic data raised concerns that interest rates may remain elevated for longer. The S&P 500 closed at 7,383.74, down 2.6% and ending its nine-week winning streak, while QQQ finished at $705.06, falling 4.8% as AI and semiconductor names led the downside.
May’s jobs report came in above expectations, pushing Treasury yields higher and driving a rotation out of growth stocks into more defensive areas of the market.
⚠️ What I’m Watching This Week
All eyes are on inflation data with CPI on Wednesday and PPI on Thursday, both key inputs for Fed policy expectations. We also get Oracle earnings Thursday (6/10) after the close, which could be an important read-through for enterprise demand and AI-related spending.
💡 FREE Trade Idea of the Week
Here’s a high-probability income setup I’m watching:
Ticker: NVDA
Current Price: $205.10
Strategy: Cash-Secured Put (CSP)
Strike Price: $190 (Near the 200-day MA support level)
Expiration Date: 7/2/2026
Premium Collected: $335
This setup allows us to collect premium while targeting a lower entry near a major support zone if assigned.
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- Real time weekly and monthly income trade alerts
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If you’re ready to trade with structure instead of emotion, The Launchpad is built for you.
Talk soon,
Gautam
⚠️ Disclaimer: Options involve risk and are not suitable for all investors. Returns are not guaranteed. This message is for educational purposes only and not financial advice.
