OVERVIEW
The Weekend Rip

It was a dynamic last week for the best investing in May since before I was born. Inflation, consumer data, and Nvidia earnings pushed the market higher, while tariff tensions pulled investors out of their glee. It’s nearly two months into the three-month pause on massive worldwide tariffs. Musk left the White House to finally return to Tesla, with a self-driving launch slated June 12th in Austin. Buckle up. 📉 

Let's recap and prep you for the week ahead. 📝

◀️ On Monday, the market remained closed in reverence for Memorial Day. Thank you to all the brave men and women who have served the United States, and those who gave their lives so that we may be free.

🌏️ On Tuesday, the market rebounded after Trump delayed EU tariff hikes following weekend talks with EU trade chief Maros Sefcovic. Consumer confidence numbers bounced after a five-month decline. AMC $AMC ( ▼ 4.86% ) hit Memorial Day weekend records, drawing 7M moviegoers from Thursday through Monday. Lilo & Stitch and Mission: Impossible drove strong premium screen sales. Footwear stocks rallied as Nike, Designer Brands, Deckers Outdoor, and Dick’s Sporting Goods climbed on consumer confidence and Trump’s tariff postponement.

⚡️ On Wednesday, Nvidia $NVDA ( ▲ 1.52% ) reported an earnings beat, but a second adjusted EPS missed estimates due to a $4.5B charge from the H20 chip export ban. Q1 revenue hit $44.06B, above estimates of $43.34B. Data Center revenue reached $39.1B (+73% YoY), slightly below projections. Gaming revenue surged to $3.8B, surpassing the $2.8B estimate. Nvidia expects further losses of $8B from chip bans but issued still somehow upbeat guidance. GameStop $GME ( ▼ 22.45% ) spent $512M on Bitcoin purchases after announcing a $1.5B capital raise for crypto holdings. Macy’s cut full-year profit outlook despite surpassing Q1 estimates.

🐂 On Thursday, the market whiplashed after the Court of International Trade ruled Trump overstepped his authority on tariffs, ordering a pause. A federal appeals court upheld the tariffs while the administration seeks Supreme Court intervention. Nvidia rallied post-earnings. Tesla $TSLA ( ▼ 2.24% ) gained momentum ahead of its planned Austin self-driving car launch. Pension fund investors demanded Musk dedicate 40+ hours per week to Tesla leadership. Treasury yields fell as revised Q1 GDP data showed a 0.2% contraction, beating the expected 0.4% decline. Jobless claims rose to 240,000 from 226,000. Investors are eyeing April PCE inflation data for further economic signals.

😢 On Friday, the market dipped slightly, wrapping up May with the S&P 500 up 6.15%—its best May performance in over 30 years. Trump and Musk held a White House farewell event, where Musk received a ceremonial key. Inflation PCE data came in just shy of the Fed’s control target. Core PCE rose 2.5% YoY, marking the smallest increase in four years. Trade data showed U.S. imports plunged, driving the trade deficit 45% lower. Trump accused China of violating a preliminary trade deal, reigniting tariff concerns. Trump announced 50% tariffs on foreign steel, prompting possible pushback from China and the EU. Palantir $PLTR ( ▼ 0.88% ) hit records after reports of new IRS and Social Security contracts.

🤩 This week's Stocktwits Top 25 showed outperformance vs. the indexes.

Here are the closing prices and weekly changes: 

PRESENTED BY STOCKTWITS
🟢 Introducing the Stocktwits Sentiment Index

 Wall Street watches the $VIX for expected volatility.

Stocktwits traders have the Stocktwits Sentiment Index, which measures retail investor emotion and updates daily after close.

Today’s Takeaway:

📈 Retail caution is rising, as the latest Stocktwits Sentiment Index reading signals heightened fear.

Remember:

• The $VIX is based on the options market’s near-term volatility expectations.

• The Stocktwits Sentiment Index is based on what retail traders are feeling and signaling right now.

• Combining both gives traders a smarter, earlier read on market shifts.

P.S. The Stocktwits Sentiment Index is currently only available on Desktop, on the Stocktwits homepage.