Stock Market Preview: 10 Things Traders Need to Know Next Week
We're closing out another fun-filled week in the markets that included:
- Broad weakness in equities & cryptocurrencies
- Momentum in precious metals
- A bizarre array of tariff headlines
- A slightly hot PCE report
- A head-scratching IPO in CoreWeave (CRWV)
So let's dig into 10 Things Traders Need to Know Next Week.
1. The April 2 Tariff Deadline Is About to Hit Like a Sledgehammer
The Trump administration will hand down new reciprocal tariffs on April 2, which the President called “Liberation Day.”
Of course, we've been seeing conflicting headlines, and that should continue into Wednesday.
Bulls are hoping for a last-minute compromise.
And bears are hoping for… disaster?
2. Tesla Powered Up, But It's Not Bulletproof
Sami Abusaad made major headlines when he announced he bought 2,500 shares of Tesla (TSLA) at $235:
He made his buy right after Minnesota Governor Tim Walz infamously laughed at Tesla stock declining.
We checked in with Sami to get his current take on Tesla stock.
He told us, “while there is potential upside to $342, I have a stop in around $250.”
If Tesla drops to $250 and he exits, he’d still gain $37,500 from his $235 entry.” Not a bad worst-case scenario, right?
He's a bull – but as a top pro trader, he understands things can go against him.
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3. CoreWeave May Put a Bottom in the Semis
“AI Hyperscaler” CoreWeave (CRWV) went public on Friday.
Back in July 2024 at the peak of Nvidia (NVDA)-led AI fever, there would have been unlimited demand for the CoreWeave deal.
But CoreWeave had to lower its IPO price and size because of weak demand.
David Prince of Inner Circle explained all the problems with the deal:
But it's worth asking: did the hatred for CoreWeave create a bottom in beaten-down semiconductor and AI stocks?
We may find out Monday.
4. Gold and Silver Are Still Flying High
JR Romero of our Momentum Express VTF® has been a huge gold and silver bull.
So… he's been right.
GLD and SLV are destroying SPY this year:
If you're looking for momentum, it's in the metals.
5. There Are Stress Fractures Out There
Sentiment indicators imply traders and investors are feeling stressed headed into next week.
The CNN Fear & Greed Index is at 22, indicating Extreme Fear.
Meanwhile, the AAII sentiment survey showed a lift in bullishness this week.
However, bullishness has been below average every week since January 29.
Is there enough negativity headed into the April 2 Tariff Deadline?
Maybe not.
6. How's the Job Market?
Consumer sentiment is on the decline as the word “stagflation” is starting to enter traders' mouths.
On Wednesday, we get the ADP Nonfarm Employment Report, followed by Nonfarm Payrolls Friday.
While the “soft” data (like consumer sentiment) has been in the dumps, the “hard” data like jobs data remain steady.
These two key March data points will help us figure out if there's a change.
7. Is Ferrari Invincible?
Ferrari (RACE) has been one of the all-time great sleeper growth stocks.
It's up 726% since its 2015 IPO, crushing SPY by more than 3X:
On Thursday, the company said it would raise prices by up to 10% in the US because of the Trump auto tariffs.
And the stock ripped on Friday.
We've seen all sorts of consumer stocks like Lululemon (LULU) and Nike (NKE) get hit hard.
Can the ultra-luxury Ferrari brand buck the trend?
Keep it on the radar.
Because its status-focused customers may look at a 10% price hike and say “who cares?”
8. China Needs to Step Up
FXI rallied 35% from the January lows to the mid-March highs.
But it's out of gas:
This chart is looking uglier and uglier.
It's time for buyers to step up.
9. Cannabis Can't Get High
If you think the semis and China names are in trouble… they've got nothing on the AdvisorShares Pure US Cannabis ETF (MSOS) which is down 33% in 2025 after falling 46% last year.
Here's a lifetime chart of this troubled ETF – a crystal-clear example of why you should not get attached to a sector or stock:
This will be the buy of a lifetime… someday.
10. Yes, You Can Learn From Paul Tudor Jones
Step back into the 1980's and learn how the legendary Paul Tudor Jones got it done back in the day.
Amazing stuff. They don't make 'em like this anymore.