The episode delves into the dynamics of the market on the Friday before a long weekend, exploring themes of profit-taking, tariff concerns, economic reports, earnings reactions, and sector trends.

(00:30) Market Overview: Bulls taking a breather with futures pulling back after S&P 500 hits a record high.
(01:10) Tariff Concerns: Caterpillar's warning on tariff costs causing market unease.
(01:50) Economic Report: Anticipation for the Personal Income and Spending report, a crucial inflation indicator.
(02:30) Fed Expectations: High probability of a rate cut highlighted along with Fed's future plans.
(03:10) Earnings Highlights: Winners include Affirm, Ambarella, Autodesk, Elastic, and Ulta Beauty.
(04:00) Earnings Losers: Marvell Technology and Dell facing challenges amidst high market expectations.
(04:35) Sector Analysis: Strength in energy and real estate sectors, tech and consumer discretionary stable with a focus on energy.
(05:05) ETF Watch: Key levels to watch for SPY and QQQ to gauge market sentiment and potential pullback signals.
(05:50) Market Sentiment: Cautiously bullish environment amid profit-taking and anticipation, with advice for traders.
(06:20) Watchlist Picks: NVMI for strength continuation and Tesla for market reaction play.
(06:45) Daily Market Summary: Market ramifications from pre-holiday profit-taking, tariff fears, and PCE report anticipation.

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The post Morning Dose: Market Alert CAT Tariff Shock & Key Economic Data Impact – Friday 8/29/2025 first appeared on WaveRider Reads: Trading Books Unpacked.