Fast Money Blog- 6/6/25

The beginning of the week on Wall Street was marked with low volatility as pension funds and money mangers await the outcome of the tariff deadline. It’s clear that uncertainty around tariffs have made investors slow down the amount of money they are putting into the market right now. 

However, today, Friday, June 6th, saw the market rise on news from the monthly U.S. Jobs Report. Despite inflation and an on-again-off-again trade war, employers added 139,000 job in May, more than economists had expected. The unemployment rate held steady at 4.2%.

While the data shows that hiring is steady, the annual average pace of job growth, outside the pandemic downturn, is lower than it’s been in over a decade. In addition, revisions from March and April showed the US labor market added 95,000 fewer jobs than initially thought.

But Here’s the Good News

At this particular time increased tariff prices have not negatively impacted the US economy. 

However, keep in mind that the Trump administration has temporarily paused retaliatory tariffs on all countries (expect China) until July 9th. So far the U.S. has only come to an trade agreement with Great Britain. 

And that's not the only tariff deadline looming. On July 9th, a 50% tariff will be levied against goods from the European Union and on August 12th, a 90-day pause on 145% tariffs against China expires.

In addition, on Wednesday, June 4th, President Trump officially raised tariffs on aluminum and steel to 50%, a move experts say could increase costs on everything from homes and cars to household items and office supplies.

The Bottom Line

This past week we did see less volatility in the stock market until today. Wall Street seems to be taking it’s cue, not from what Trump necessarily says or does, but from economic data, to determine the strength of the US economy. 

Take a look at these 3 stocks and their 5 Day Trading Patterns

Apple, Inc. (AAPL) opened Monday, June 2nd at $201.63 and closed, Friday, June 6th at $203.97

NVIDIA (NVDA) opened Monday, June 2nd at $136.38 and closed, Friday, June 6th at $141.72

Amazon.com (AMZN) opened Monday, June 2nd at $204.97 and closed, Friday, June 6th at $213.57

Once again, 3 week covered calls are outstanding trades in a market like this. 

If you are studying straddles with me, be patient, as there will be good weeks and slow weeks due to policy uncertainty. 

Tyrone Jackson, The Wealthy Investor