What’s driving the markets higher this morning 📈

What I’m eyeing early

May 08, 2025

Morning traders, make sure you check the schedule and join us in the Market Master’s chat room as we have a slightly different schedule today-

Thursday’s lineup:

11am ET Jeff Bishop LIVE

3 - 4pm ET Market close w/Jeff Williams

SPY is pushing higher this morning and the path to $570 by Friday’s close remains open for me even though it seemed very unlikely at one point yesterday. Here are a few reasons why markets are pushing higher this morning.

Federal Reserve Maintains Interest Rates

The Federal Reserve decided to keep its benchmark interest rate unchanged at 4.25% to 4.5%, as widely anticipated. Chair Jerome Powell emphasized a "wait-and-see" approach, citing uncertainties in inflation and employment. This stance has been interpreted by investors as a sign of stability, contributing to positive market sentiment. 

Optimism Over Potential U.S.-U.K. Trade Deal

President Donald Trump announced plans for a "major" trade agreement, reportedly with the United Kingdom. While details are pending, the prospect of reduced tariffs on autos and digital services has boosted investor confidence, signaling potential easing of trade tensions. 

Market Recovery and Tariff Exemptions

Following a significant downturn in April due to tariff escalations, markets have rebounded. The U.S. has paused new tariffs on most countries and exempted certain tech products from existing tariffs. China has reciprocated by exempting approximately $40 billion worth of American goods. These developments have alleviated some trade-related concerns, supporting market gains. 

Sector Performance and Earnings Reports

Positive earnings reports from companies like Disney and Uber have contributed to the market's upward movement. Additionally, semiconductor stocks, including Nvidia and AMD, have risen following reports that the U.S. may ease export restrictions on advanced AI chips.

Are you worried about tariffs affecting the prices you pay for everyday items?

Login or Subscribe to participate in polls.

Chart wise, I am now watching the 200 SMA on the SPY to see if we can push to this level today and or on Friday. That level currently sits around $570 so my position for today would be SPY Calls, meaning I believe SPY can trade higher. 

Cheers to your success today!

Questions or concerns about our products? Email [email protected] © Copyright 2025, RagingBull

DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer.

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision.

RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment.

RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization.

WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services except possibly by advertisers mentioned in this email. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.

*Sponsored Content: If you purchase anything through a link in this email other than RagingBull (RB) services, you should assume that we have an affiliate relationship with the company providing the product that you purchase, and that we will be paid in some way. RB is not responsible for any content hosted on affiliate’s sites and it is the affiliate’s responsibility to ensure compliance with applicable laws. We recommend that you do your own independent research before purchasing anything. While we believe in the companies we form affiliate relationships with, please don’t spend any money on these products unless you believe they will help you achieve your goals.

RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements. In the event that any suit or action is instituted as a result of doing business with RagingBull.com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements in addition to any other relief to which it may be entitled.