Market Focus This Week
This week, the market is focused on the earnings reports of Wall Street’s tech giants, U.S. employment data, and U.S.-China trade relations. These events and data will profoundly influence global stock markets and economic trends.
(Background: Trump announced that the first 220 participants of the “Trump Meme Coin” can attend a dinner on May 22, with the token surging 60%.)
(Additional context: Trump Coin $Trump beware of the “three major money-losing traps”: dinner may be canceled, and it’s not illegal to fleece you.)
Bitcoin’s Recent Performance
Bitcoin continued to fluctuate narrowly between $94,000 and $95,000 over the weekend, until this morning (28th) when it experienced a more significant drop, falling below $93,000. As of the deadline, it is reported at $92,911.
In the upcoming week, investors will face a series of key events and data that may lead to significant volatility in financial markets. Notably, the earnings season for tech giants on Wall Street, the U.S. employment report, and the subtly changing U.S.-China trade relations are of particular interest.
Earnings Season for Tech Giants: Leading or Dragging the Market?
This week marks a critical period in the U.S. corporate earnings season, with several influential tech giants on Wall Street set to release their latest quarterly financial reports. Among them, the performances of Apple, Microsoft, Amazon, and Meta, regarded as the leaders of the “seven giants,” are undoubtedly the focal point for global investors.
Market analysis indicates that the overall stock performance of the “seven giants” has been relatively weak compared to the previous year since early 2025. Part of the reason is the significant prior increase in stock prices and the market’s differing views on future growth. Therefore, the earnings reports from these tech giants this week will be crucial for assessing the short-term and medium-term direction of the tech sector and the overall U.S. stock market.
Key Economic Data: Employment, Inflation, and Fed Policy Fog
In addition to the concentrated corporate earnings, a series of important macroeconomic data will also significantly impact market judgments and trends this week. The U.S. will release several labor market data points, including the unemployment rate for April and the ADP employment report, often referred to as “little non-farm,” as well as the number of initial unemployment claims from last week.
If the upcoming employment data indicates that the labor market remains tight (e.g., a declining unemployment rate and ongoing wage growth), this could suggest that inflationary pressures have not fully eased, potentially strengthening the Federal Reserve’s resolve to maintain higher interest rates for a longer period, or delaying market expectations for rate cuts. Conversely, if the employment data falls short of expectations, indicating a slowdown in the labor market, this could provide the Fed with greater room for rate cuts.
Regarding U.S.-China trade relations, despite the overall friction remaining, some signs of easing emerged last week. Reports indicate that China is considering exempting some U.S. pharmaceutical products from the previously imposed 125% tariffs as retaliation against U.S. tariffs and may suspend tariffs on at least eight U.S. semiconductor products.
On the U.S. side, Treasury Secretary Yellen recently made some relatively conciliatory remarks that could help ease global supply chain tensions and positively impact market risk sentiment. Nevertheless, the volatility of trade policies still requires investors to remain cautious.
Related Reports
Has the U.S. credit system collapsed? The dollar index fell 9% in the first 100 days of Trump’s presidency, marking the worst record in half a century.
Trump reports good news: Only high-level talks stand between the end of the Russia-Ukraine war, with gold prices retreating to $3,300.
How legendary is the life of the U.S. Secretary of Commerce? Over 70% of employees led the company’s revival after 9/11 and became Trump’s close friend, now one of Wall Street’s most hated figures.